U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Alongside the short-form video experiment, Netflix also announced a redesign of its TV app interface, which aims to simplify navigation and reduce user “eye gymnastics.”
Elementl’s CEO, Chris Colbert, said that once the projects reach a final investment stage, Elementl will raise capital from other sources—for example, infrastructure funds—to actually build them.
Utility stocks hit new highs amid trade policy uncertainty, with Utilities Select Sector SPDR Fund up 6.3% YTD. Constellation Energy Corp. jumps 11.87%.
Apprehensions regarding deal closure, Trump’s tariff threat, earnings anxiety and a delayed product launch led to a spike in activity levels for these stocks.
The stock is up nearly 30% in 2025 and has more than doubled in value over the past year, ranking among the top performers in Trump’s second term so far.
Meta raised its capex estimate for the year to $64 billion-$72 billion from $60 billion-$65 billion, citing increased data center investments and higher infrastructure hardware costs.
The Finchat-compiled consensus estimates model earnings per share (EPS) of $5.21 and revenue of $41.36 billion for the first quarter of the fiscal year 2025.
Netflix has reached a historic milestone, with its stock price soaring to an all-time high of nearly $1,101. Investors seeking to tap the bullish trend should invest in ETFs with the largest allocation to this streaming giant.
The company reportedly said the layoffs were meant to help Oculus Studios work more efficiently on future mixed-reality experiences for its growing audience.
