26-09-2024
Super Micro’s stock took a deep dive Thursday, after the Wall Street Journal reported that the server maker and artificial-intelligence play was being investigated by the U.S. Justice Department.
26-09-2024
The 30-year mortgage rate is averaging 6.08%, Freddie Mac said in its latest weekly survey on Thursday.
26-09-2024
Micron’s positive AI commentary shouldn’t come as a huge surprise, but it could nonetheless help support AI plays like Nvidia.
26-09-2024
Wells Fargo & Co.’s stock rose 3.5% on Thursday after a report that the bank has submitted a third-party review of its risk and control efforts as part of its move to lift a seven-year-old asset cap.
26-09-2024
Jabil Inc. to take up to $200 million in restructuring charges for a head-count reduction, with more details to come.
26-09-2024
Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.
26-09-2024
U.S. pending home sales rose 0.6% in August, as a big drop in mortgage rates prompted some home buyers to act.
26-09-2024
Billionaire hedge-fund manager David Tepper says it’s an “everything” rally in China after Beijing announced a slew of stimulus measures.
26-09-2024
Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.
26-09-2024
Micron’s stock momentum after earnings reflects relief over the guidance as well as an appreciation for the company’s ability to benefit from AI trends.
26-09-2024
The last of three updates on U.S. growth in the second quarter showed the economy expanded at solid 3.0% annual pace — and there’s no sign it’s taken a big turn for the worse.
26-09-2024
The number of Americans who applied for unemployment benefits last week fell to a nearly four-month low of 218,000, reflecting the reluctance of businesses to cut jobs even though they’re no longer hiring many new workers.