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Udemy shifts focus to larger businesses as quarterly losses mount

Udemy says it’s switching gears to serve big businesses only.

Powell managed to thread the needle on Wednesday — and stocks loved it. But risks could lie ahead.

Federal Reserve Chairman Jerome Powell managed to thread the needle on Wednesday, so to speak. Investors responded by sending both stocks and bonds higher.

What an August election-year rally for stocks could mean for Wall Street’s ‘Great Rotation’

If history is any guide, the so-called Magnificent Seven could stage a comeback as the calendar turns to August — but beware the market is in the midst of an exceptional rotation, so relying on seasonality alone as a timing tool could easily lead one astray, market strategists said.

Arm earnings mostly a beat, but chip designer falls short in a key segment

Arm’s stock drops more than 7% after royalty revenues come up short.

Carvana posts surprise profit as retail vehicle sales rise 33%

Carvana’s stock rallies more than 7% as used-car retailer sees “untapped potential.”

Qualcomm’s stock powers higher after upbeat earnings and forecast

Qualcomm Inc.’s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based on aftermarket action.

Trump pledged to build a U.S. bitcoin reserve. Here’s why it may not be a good idea.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

What cash savers and credit-card users can expect if the Fed cuts rates in September

The Fed stayed put for now, but many see a rate cut coming in September.

Expectations had dimmed for the IPO of Bill Ackman’s new fund. Now, the offering is being pulled.

Billionaire investor Bill Ackman’s Pershing Square USA is withdrawing its plans for an initial public offering, according to a statement released on Wednesday, after ratcheting back expectations for the fund’s debut over recent days.

Amazon earnings come with a higher bar this time around

An AWS beat is “expected,” while a miss could stir up questions about the company’s positioning in the cloud, according to an analyst

SunPower and other solar names lifted by First Solar’s better-than-expected results

Shares of SunPower climbed 9.2% Wednesday, with the maker of solar-energy technology buoyed by strong second-quarter results from solar-panel maker First Solar.

Businesses and families want these tax breaks. Congress might not deliver until at least next year.

A $78 billion tax bill is coming before the Senate this week, with the first procedural vote scheduled for Thursday. Although the bill passed in the House of Representatives in a 357-70 vote in January, experts caution that it may not succeed in the Senate.
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