Articles

Swiss National Bank makes surprise rate cut, sending franc lower

The dollar surged against the Swiss franc after the Swiss National Bank cut interest rates on Thursday, as the country is one of the few in the industrialized world with tepid inflation pressures.

Treasury yields dip after Powell comments bolster hopes for June rate cut

Bond yields fell early Thursday as traders bet that forecasts and comments from the Federal Reserve the day before increase the likelihood that borrowing costs will start to be cut in the summer

Micron blows away Wall Street estimates, but a specter potentially looms

Samsung and Hynix will soon have rival high-bandwidth memory chips on the market.

Fed still on track for June rate cut, and 2 other takeaways from Powell’s press conference

Beneath the surface, several important messages came out of Jerome Powell’s press conference.

Nvidia shows it’s still on track for AI dominance

The chip giant is poised to sell more recurring-revenue products, rather than just one-and-done hardware sales.

Bonds are stuck in a rut as Fed waits to cut rates

More than 80% of U.S. investment-grade corporate bonds are still trading at a discount, according to BondCliQ

DOJ reportedly will file antitrust lawsuit vs. Apple as soon as Thursday

The Justice Department could file its long-rumored antitrust lawsuit against Apple Inc. as soon as Thursday, according to a report late Wednesday.

Reddit prices IPO at $34 a share, at high end of its target range

Reddit is poised to take the plunge into public markets after announcing pricing for its closely-watched initial public offering.

Hoping to share $1 billion in lottery winnings with your workplace pool? Here’s a guide to avoiding any legal issues.

The goal is to spell out everything in advance just in case you hit the jackpot, attorneys say.

Five Below’s stock sinks on full-year forecast as company blames weaker profits on theft

Shares of teen-centric discount retailer Five Below Inc. sank on Wednesday after the company forecast full-year profit and sales that fell short of Wall Street’s expectations.

Chewy says pet business is ‘recession resilient’ as it swings to surprise profit

Chewy Inc. surprises Wall Street with a quarterly profit.

DWAC stock soars as vote on deal to buy Trump Media nears

Shares of Digital World Acquisition, the special-purpose acquisition corporation looking to buy former President Donald Trump’s social-media company, soared in active trading Wednesday, two days before a shareholder vote on the proposed merger.
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