Articles

Hang Seng jumps off lows on report of Beijing’s $278 billion support package

Hong Kong's Hang Seng index rose sharply off 14-month lows, following reports Beijing was considering a $278 billion package to support the country's stock market.

Australia sanctions Russian man for role in Medibank cyberattack

Nearly 10 million records were stolen in the 2022 attack, including names, dates of birth and sensitive medical information, and some of those records were published on the dark web, authorities said.

Tencent’s Riot Games to cut around 530 jobs, or 11% of its workforce

Videogame maker Riot Games will try to narrow its focus after making what executives said were several years of "big bets" and expansion.

Why Supermicro is mopping up the floor with the competition

Supermicro shares are soaring as the computer and server maker has gained more share in the slower-growing server arena.

Morgan Stanley’s new top software pick is a familiar winner

Shares of Salesforce Inc. are up 85% over the past 12 months, but Morgan Stanley sees plenty of juice left in their rally.

TurboTax for free? FTC says Intuit’s ‘deceptive’ ads tricked customers for years

TurboTax has long used deceptive advertising touting free tax preparation on the popular platform, when in reality many people needed to pay for its filing services, the Federal Trade Commission's top officials ruled Monday.

This once-mighty Carvana competitor just announced it is winding down operations

Vroom Inc., once valued at a heady $2.5 billion, said Monday it is winding down its online used-car sales business in order to preserve liquidity, as its market cap has dwindled to less than $100 million.

Former bond king Bill Gross is skeptical about Fed finding ‘magic’ level of interest rates to fight inflation

Bill Gross, the retired fund manager and co-founder of Pimco, says the Federal Reserve should cut rates and stop shrinking its balance sheet.

AT&T’s stock could be the top wireless play this earnings season. Here’s why.

Wells Fargo thinks AT&T could deliver a rosy outlook on several important metrics.

Inspector general clears two former regional Fed presidents in probe of pandemic trades

Two former Federal Reserve officials were cleared Monday by the central bank's internal watchdog of breaking any laws or rules in trading activity during the pandemic in 2020, but both were criticized for creating the appearance of conflict by their actions.

Expect U.S. stocks to tack on another 5% before the next pullback, veteran Wall Street strategist says

One longtime Wall Street strategist believes the S&P 500 still has some gas left in the tank, which could propel the index as much as 5% higher in the coming months.

These three tech companies should be the brightest spots in a grim earnings season

S&P 500 profits are expected to fall — but Nvidia, Amazon and Meta should help cushion the blow.
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