Articles

AI capital-expenditure projections are out of step with AI revenue projections, which Barclays says may encapsulate FOMO, or the fear of missing out.

International Paper stock slumped while those of Britain’s DS Smith surged Thursday, as Brazil’s Suzano said it won’t pursue a takeover of the U.S. company.

Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he is sticking with his forecast of one quarter-point interest-rate cut this year, sometime in the October-December quarter.

U.S. pending home sales fell 2.1% in May, the National Association of Realtors said on Thursday.

Rivian kept its production outlook for the year intact, even as the company signaled upbeat delivery numbers for its ongoing quarter.

The reverse stock split comes after NYCB’s share price fell sharply earlier this year from above $10 a share down to a low of $1.70 a share after it said it faced material weaknesses on its balance sheet.

Tech funds and semiconductor ETFs draw interest, and an argument for selective active management.

Trade gap up 2.7% to $100.6 billion

Some well-timed trades in bullish call options tied to Rivian Automotive Inc. have caught the attention of investors and analysts on social media.

The U.S. economy’s performance in the first three months of the year didn’t look much better the third time around: The government’s latest estimate of first-quarter annual growth was lifted slightly to a lackluster 1.4%.

Orders for durable goods such as autos and computers barely rose in May and underscored the ongoing weakness in the industrial side of the U.S. economy.

Claims fall 6,000 to 233,000