Articles

It turns out, the better way to play Nvidia’s success was FTX

As great as Nvidia’s stock has done, there was a better way to trade its success in powering artificial intelligence applications: buying claims on the bankrupt FTX.

Why a drop in oil 10 years ago suggests the U.S. stock market is headed for a decline

A period of decline for oil ten years ago indicates potential for a steep stock market decline that may begin this summer, says Tom McClellan, editor of the McClellan Market Report.

Nvidia’s stock price isn’t the only thing that sets it apart from the rest of the Magnificent Seven

Even with its meteoric gains, Nvidia’s earnings have soared well beyond its stock price.

Apple claims Spotify wants ‘limitless access’ to App Store without paying

Apple Inc. blasted Spotify Technology late Thursday over its long-running complaint with the European Union that could soon lead to a $539 million fine against the iPhone maker.

U.K. consumer confidence ticks down on weaker view of economy

U.K. consumers are a little less upbeat in February, with concerns over the state of the economy growing ahead of a likely election this year, a monthly survey published Friday said.

‘What’s the rush?’ Fed’s Waller says interest-rate cuts can wait

Federal Reserve Gov. Chris Waller said there’s “no rush” to reduce U.S. interest rates in light of stronger-than-expected readings on inflation and economic growth early in the new year.

Odysseus lander makes history by reaching moon, rockets Intuitive Machines’ stock up 50%

The spacecraft is the first commercial lander to successfully reach the moon.

Reddit publicly files IPO papers, detailing plans to license data, sell more ads and grow its ‘user economy’

The company, founded in 2005, plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.”

UnitedHealth sees suspected nation-state cyberattack hit its Change Health unit

Microsoft and HPE also disclosed nation-state breaches in recent weeks.

Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts

Federal Reserve Gov. Lisa Cook said inflation has slowed faster than expected, but central bank officials need “greater confidence” that price pressures are returning to low pre-pandemic norms before cutting interest rates.

Nvidia’s surge ripples across stock market — lifting AI, tech and semiconductor ETFs

Several exchange-traded funds that buy stocks with exposure to artificial intelligence surged Thursday after closely watched AI beneficiary Nvidia Corp. beat earnings expectations.

Sleep Number loses less money than Wall Street feared, and stock rallies

Business climate remains ‘challenging,’ but Sleep Number is making progress on cost cutting, it says.
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