Articles

Nvidia’s stock picks up a new bull who says there’s ‘still room on this train’

A William Blair analyst cheers Nvidia’s moat and margins — while also weighing in positively on Broadcom and Arm shares.

General Motors to sell adapters to use Tesla’s supercharger EV network

GM offering an approved NACS DC adapter for purchase through its apps.

Bank of England’s rate cutting on hold after air fares take off

The Bank of England unlikely to join peers in cutting rates this month as it’s stymied by stubborn service sector inflation.

Construction of new homes increased in August

Construction on new U.S. homes rose 9.6% in August, the Commerce Department said Wednesday.

The U.S. economy is strong by one measure. Why the Fed is set to lower borrowing costs anyway.

A giddy Wall Street projects the Federal Reserve will dramatically reduce interest rates over the next year, even though the U.S. economy seems to be growing rapidly. Odd? Not at all, economists say.

Gold miners historic underperformance could soon start to improve, UBS says

Gold miners have started to see their performances compared to gold improve in 2024 so far

New warning: Social Security will run out of money in 8 years

Is anyone paying attention?

John Paulson says he would pull his money from the market if Kamala Harris wins

John Paulson, the investor who successfully bet against the subprime-mortgage bubble, said he would withdraw his money from the market if Vice President Kamala Harris wins in November.

Merck wins first FDA approval for Keytruda as a treatment for mesothelioma

Merck & Co. Inc. said Wednesday the U.S. Food and Drug Administration has approved its blockbuster cancer drug Keytruda as a treatment for malignant plural mesothelioma, a rare cancer associated with asbestos.

Oil pulls back, with rise in crude inventories offsetting Middle East tensions

Oil futures fell Wednesday, feeling pressure after industry data showed a rise in U.S. crude and product inventories as investors awaited an expected Federal Reserve rate cut.

23andMe’s stock tumbles 7% after independent directors quit in clash with CEO over buyout plan

The directors said the decision comes after months of work that failed to result in an actionable plan that meets the interests of non-affiliated shareholders.

Here’s when falling interest rates will hit your mortgage, car loan, credit-card bills and savings accounts

The Fed’s interest-rate cuts will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while.
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