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Super Micro’s stock plummets on reported Justice Department probe

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.

Mortgage rates fall for the third week in a row. Buyers are on their way.

The 30-year mortgage rate is averaging 6.08%, Freddie Mac said in its latest weekly survey on Thursday.

Nvidia’s stock looks even better after this latest bullish signal, analyst says

Micron’s positive AI commentary shouldn’t come as a huge surprise, but it could nonetheless help support AI plays like Nvidia.

Wells Fargo’s stock up on reported progress on its biggest outstanding regulatory issue

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.

Jabil’s stock rises on restructuring plan, earnings beat

Jabil Inc. to take up to $200 million in restructuring charges for a head-count reduction, with more details to come.

Citi teaming up with Apollo to handle $25 billion in private-credit investments

Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.

Pending home sales inch up in August on slight improvement in housing affordability

U.S. pending home sales rose 0.6% in August, as a big drop in mortgage rates prompted some home buyers to act.

David Tepper is buying ‘everything’ in China: ‘ETFs…futures…everything’

Billionaire hedge-fund manager David Tepper says it’s an “everything” rally in China after Beijing announced a slew of stimulus measures.

11 favored bank stocks that still trade at cheap valuations

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.

Micron’s stock could see its best day in 13 years. What’s behind the big move.

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.

U.S. economy grew 3.0% in spring and GDP looks set to repeat that feat in third quarter

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.

Jobless claims sink to 4-month low. Businesses aren’t hiring – or firing – many people.

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.
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