Articles

Applied Digital shares fall after power outage dings results

The company reported in February it had experienced a power outage at its Ellendale, N.D., data-center hosting site.

Lockheed Martin awarded missile contract worth up to $4.1 billion

Lockheed Martin on Thursday was awarded a missile defense contract worth up to $4.1 billion.

Levi Strauss names Burberry exec Gianluca Flore its chief commercial officer

Levi Strauss on Thursday named Burberry executive Gianluca Flore chief commercial officer as the company looks to round out its reshuffled leadership team.

Paramount plans to trim size of its board amid merger talks

Paramount Global on Thursday said it plans to trim the size of its 11-member board of directors to seven, as it continues exclusive merger talks with Skydance Media.

Rivian’s stock clocks a record low as electric-truck price competition heats up

Wall Street appears to be concerned that lower-priced electric trucks from Ford could put more competitive pressure on Rivian’s business.

Inflation is ‘thorn’ in market’s side — but these ETFs rose even as stocks, bonds fell

Some exchange-traded funds rallied Wednesday even as stocks and bonds broadly fell, as hot inflation data stoked fears that interest rates will stay elevated for longer than anticipated.

The stock market is testing the bulls to see if they have what it takes

Maintain a core bullish position but keep your powder dry.

Amazon’s stock finally clinches a fresh record close

The company is edging closer to a $2 trillion market value.

Why Elon Musk’s latest Tesla robotaxi promise is unlikely to deliver

If anything, autonomous vehicles seem to be further away from the ultimate goal of being fully self-driving.

Tamer wholesale costs offer ray of hope on inflation, but prices are still headed in the wrong direction

A tamer increase in wholesale prices in March raised hopes that inflation is slowing enough to keep the Federal Reserve on the path to cut interest rates, but more evidence is needed. A lot more.

The S&P 500’s rally is approaching a make-or-break moment

The stock market’s recent stumble has brought the S&P 500 to within striking distance of an important trendline for the first time in five months — hinting at a make-or-break moment for the stock rally.

Morgan Stanley stock falls as feds reportedly scrutinize its wealth unit

The WSJ reported that regulators are studying whether Morgan Stanley has been adequately investigating prospective client identities and the sources of their wealth.
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