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Super Micro’s stock drops after analyst says stop buying until outlook improves

Super Micro’s stock dropped Wednesday, after the Nomura’s Donnie Teng backed away from his bullish call, saying further gains appear limited given uncertainties about the artificial-intelligence play’s order outlook.

This country has seen its wealth growth explode since 2008. It’s not the U.S.

UBS’s 2024 Global Wealth Report, released on Wednesday, shows that globally, people have been getting progressively wealthier, with dramatic rises in some places.

The Fed said it needs more low-inflation signs to cut interest rates. The CPI might deliver one.

The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s likely to get another one on Thursday.

Intuit to lay off 1,800 amid location shuffle and AI investment

The tax-software company said it’s identified 1,050 employees who are “not meeting expectations.”

Macy’s plans first-ever ‘All-Star Week’ for loyalty members as it squares up against rivals

Macy’s Inc. said Wednesday that it’s planning its first-ever All-Star Week, an event running from July 16 through July 23 that will reward its Star Rewards loyalty members, as the retailer moves to compete with rivals that are making a big effort to help out cash-strapped consumers.

AMD boosts its AI strategy with $665 million purchase of a Europe-based AI lab

AMD’s stock rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.

Manchester United’s losses jump and revenue falls with fewer games played

Shares of Manchester United fell Wednesday after the U.K.-based soccer club reported a big jump in fiscal third-quarter losses and a drop in revenue due primarily to fewer games being played.

Here are the best and worst U.S. airlines, according to passenger complaints

Customers lodged 61,233 complaints against U.S. airlines in 2023, new Transportation Department data shows, with this airline getting the most gripes.

Carvana’s stock is up 2,700% over 18 months. Here’s the case for more upside.

Needham upgrades Carvana shares, saying the company is a “secular growth story with a cyclical-recovery kicker.”

Pet product maker Wag’s stock slides after company lowers guidance

Wag Group Co.’s stock tumbled 11% early Wednesday and was headed for a record low, after the platform for pet products offered preliminary quarterly numbers that lagged consensus and lowered its full-year guidance.

Fed Chair Powell sees ‘broad and material changes’ to Basel III endgame

Outcome of process could free up more capital for bank stock buybacks, analyst says

As Nvidia’s stock nears record levels, this is the key to future outperformance

There are many factors that can drive a stock higher, but for Nvidia, organic revenue growth is paramount.
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