Articles

Trump’s plans for deportations, tariffs and the Fed will jack up inflation, economists say

Three signature proposals from Republican presidential nominee Donald Trump — increasing tariffs, curbing the Federal Reserve’s independence and cracking down on illegal immigration through deportations — would hurt the U.S. economy overall, according to a new paper from economists at the Peterson Institute for International Economics, a nonpartisan think tank.

Harris, Dem sweep could mean a $2.2 trillion tax hike for S&P 500 companies

“Investors should pay heed to Democratic prospects,” Cap Alpha’s Lucier says.

BioAge posts double-digit percentage gain after IPO; natural-gas producer BKV rises in debut

Obesity-drug developer BioAge jumps nearly 30% while Texas-based Barnett Shale driller BKV posts smaller gain.

Broadcom to tap corporate bond market for funds to pay down debt

Semiconductor company last issued bonds in July, when it raised $5 billion to refinance loans taken on to pay for its $69 billion acquisition of VMware Inc.

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.
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