Walt Disney was once fired from a newspaper job because his editor felt he lacked creativity and original ideas.
Early in his career, Disney worked at the Kansas City Star, where he was let go after being deemed not imaginative enough. Ironically, he went on to become one of the most iconic and inventive figures in entertainment history.
It’s a reminder that early rejection doesn’t define your potential—even visionaries get doubted at the start.
Market Wrap
Trump Sparks Rally with UK Deal, ‘Buy Stocks’ Push
Labor Productivity Declines:
The U.S. Bureau of Labor Statistics reported that nonfarm labor productivity decreased by 0.8% in the first quarter of 2025. This marks the first decline since Q2 2022 and was driven by a 0.3% drop in output alongside rising unit labor costs, which increased at a 5.7% annual rate. Economists attribute this decline partly to businesses accelerating imports ahead of new tariffs, leading to inefficiencies and potential long-term impacts on economic growth.
U.S.-U.K. Trade Agreement Announced:
President Donald Trump and U.K. Prime Minister Keir Starmer announced a new trade agreement between the United States and the United Kingdom. The deal maintains a 10% baseline tariff on U.K. goods but includes reductions on specific items, such as autos, steel, and aluminum. In return, the U.K. agreed to increase imports of U.S. products, including a significant order of Boeing aircraft. The agreement is expected to boost U.S. exports in agriculture, manufacturing, and steel sectors. Investors responded positively, with major stock indices closing higher on the day.
President Trump Urges Investment in Stocks:
On May 8, 2025, President Trump publicly encouraged investors to "go out and buy stocks now," expressing optimism about the market's future performance. His remarks followed the announcement of the U.S.-U.K. trade deal and were interpreted as a signal of confidence in upcoming trade negotiations with other countries, including China.
Boeing Co. shares rose after the announcement of a $10 billion aircraft order from the United Kingdom as part of a new U.S.-UK trade agreement. The deal, which includes tariff exemptions for certain aerospace components, boosted investor confidence in Boeing's international sales prospects.
AppLovin Corp. shares jumped after reporting better-than-expected quarterly profits. The mobile technology company's strong earnings were fueled by growth in its software platform business.
Axon Enterprise Inc. shares surged 14% following the release of strong quarterly earnings. The company's robust financial performance was driven by increased demand for its law enforcement technology products.
United Airlines Holdings Inc. shares gained 5.4%, outperforming the broader market. The stock's rise was attributed to positive sentiment from the U.S.-UK trade deal, which is expected to enhance transatlantic travel demand and reduce operational costs.
QuidelOrtho Corp. shares surged 40% following the release of its first-quarter 2025 financial results, which exceeded analyst expectations. The strong performance was attributed to robust demand for the company's diagnostic testing products.
D-Wave Quantum Inc. shares rose 50% after the company reported its first-quarter 2025 results, highlighting significant advancements in its quantum computing technology. The positive earnings report boosted investor confidence in the company's future potential.
Dave Inc. shares soared 40% after the fintech company reported impressive financial results for the first quarter of 2025. Investors reacted positively to the company's growth in user engagement and revenue.
Krispy Kreme Inc. shares plunged following the release of its first-quarter 2025 financial results, which fell short of market expectations. The disappointing earnings raised concerns about the company's growth prospects.
Sezzle Inc. shares climbed 42% following the release of its first-quarter 2025 results, which showed significant growth in its buy-now-pay-later services. The strong earnings report signaled robust consumer adoption.
Trinseo PLC shares dropped 35% after the company reported its first-quarter 2025 financial results and provided a cautious outlook for the second quarter. The weak guidance led to a sell-off among investors.
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