Articles

AMD to make $4.9 billion AI acquisition as it steps up race against Nvidia

AMD’s stock is rising as the company plans to buy ZT Systems and bolster its ability to provide AI infrastructure.

GM confirms it will cut more than 1,000 software and services jobs

Shares of General Motors Co. were headed for a fifth straight gain Monday after the carmaker confirmed there will be layoffs in its software and services division.

Wall Street is six times the value of Main Street, says Bank of America

By one measure, Wall Street is six times larger than the economy it ostensibly represents.

Taxing billionaires is needed now more than ever

The world’s ultra-rich share two striking similarities: the vast majority are men, and they typically pay much less in taxes than the rest of us.

Goldman Sachs shifts again, now seeing smaller chance of a U.S. recession

The recent stocks market sell-off came on fears of a recession. And that also explains the rebound

Treasury yields hold steady as investors await Fed’s Jackson Hole conference

Yields on U.S. government debt were little changed Monday morning, as traders looked ahead to this week’s release of the Federal Reserve’s July meeting minutes and the central bank’s pivotal Jackson Hole conference.

U.S. stocks are acting like RINOs (and not the political ones), Goldman strategist says

Goldman strategist Scott Rubner said markets have now entered a four-week window that lines up with traders going on vacation.

Estee Lauder CEO Fabrizio Freda to retire next year

The makeup- and hair-products company said it’s already “considered many highly qualified internal and external candidates” but has yet to name a successor to Fabrizio Freda, who will continue to lead the company for now.

Why the recent market turmoil was so brief — and why stocks remain vulnerable: Deutsche Bank

Many of the factors that caused the market sell-off remain in place, according to a memo from Deutsche Bank.

Lineage’s stock climbs as analysts initiate coverage

Shares of Lineage rose as a slew of analysts initiated coverage of the cold-storage-warehouse company, which recently went public.

Harris and Trump campaigns see the child tax credit as the economic boost it is

Democrats and Republicans backing an expanded CTC will help workers and the U.S. economy.

Oil prices drift lower as worries remain about demand

Oil futures fell Monday, unable to shake off worries about the demand outlook as investors continue to monitor Middle East tensions.
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