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Investing.com -- Microsoft co-founder Bill Gates appeared before a House committee on Wednesday for closed-door questioning about his relationship with convicted sex offender Jeffrey Epstein.
Dan Dreyfus, founder of Borneite Capital, made a striking case for copper on a recent appearance on the All-In Podcast. By his calculations, simply keeping up with ordinary GDP growth would require the world to extract 700 million tons of copper over the next 18 years, which is roughly the same amount humanity has mined ... Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years
The monthly pace of inflation slowed in both the headline and core readings for May, released Wednesday. Headline inflation rose 0.5% month over month, a bit of a break from April’s 0.6% advance and in line with expectations. Core inflation was up just 0.2% month over month in May after a 0.4% gain in April.
Investing.com -- Barclays lifted its wafer fabrication equipment estimates and raised price targets on Applied Materials, KLA Corporation, and Lam Research in a note on Monday.
The coffee chain has held preliminary talks with investment banks on options for its Japan unit, which could be valued at up to $3.1 billion
Just look at what happened the last time the New York Knicks won it all.
President Trump congratulated Citigroup and its CEO Jane Fraser on making a “BIG comeback,” a rare instance of praise for a big bank while his administration spars with the industry. “Wow! CITI was ranked Number 1 in topping M&A Advisory Market by Value in Q1.
Anyone who’s been paying attention at the pump or supermarket knows that the cost of goods has increased substantially this year, particularly over the past few months. We can largely thank the Iran conflict for that. Since the conflict broke out earlier in the year, oil prices have soared, leading to a rise in ... CPI Just Spelled Bad News for Social Security COLA — Even Though it May Not Seem That Way
SpaceX plots Starlink launches this week. IPO should boost U.S. dollar, college endowments. But SpaceX valuation dips on tech slide.
The Bank of America warned on June 5 that there are “too many red flags” waving over U.S. stocks and traders should take profits, CNBC reported. The bank tracked 10 bear market signposts and saw seven signposts triggering in May, five in April, and four in March. Seven is the average number of ...
A California state court judge denied motions by Meta Platforms and Google's YouTube seeking a new trial after a jury found them liable for designing social media platforms that are harmful to young people, sources familiar with the ruling confirmed on Wednesday. Los Angeles Superior Court Judge Carolyn Kuhl ruled on the motions on Tuesday, according to court documents.
DCC said it would recommend an improved takeover offer from private-equity firms KKR and Energy Capital Partners to shareholders if a formal offer is made.
An Inflation Rate of +4.2% hasn't been this high since April of 2023, when higher Fed funds rates were working inflation metrics down from June of 2022's +9.1%.
The stock market is already showing signs of reversing. The Nasdaq was down 0.4% after falling further at the open. The S&P 500 was down 0.2%. The Dow was down 190 points, or 0.4%. The May CPI was in line with expectations, but many on Wall Street were fearing an even worse report given the Iran war's impact on energy prices.
The most expensive habit a company can have is paying someone else for the thing it sells. For three years, Microsoft (MSFT) looked like the firm that had outsourced its way to the front of the artificial intelligence race. It poured more than $13 billion into OpenAI, wired ChatGPT's models into ...
Investing.com -- Shares of Applied Optoelectronics (NASDAQ: AAOI) could have further room to run despite a more than 1,000% gain over the past year, according to Raymond James analyst Simon Leopold, who reiterated an Outperform rating and $160 price target following investor meetings with Chief Financial Officer Stefan Murry.
Old Dominion, Saia, and XPO each fell 5% or more after Amazon opened its less-than-truckload service to all U.S. businesses
(Bloomberg) -- President Donald Trump turned into a M&A enthusiast, with a surprise shout-out for Citigroup Inc. Chief Executive Officer Jane Fraser.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapStocks Waver as US-Iran Tensions Offset CPI Relief: Markets WrapTrump touted a metri
Chewy (NYSE:CHWY) reported first-quarter fiscal 2026 results that showed continued sales growth, higher profitability and strong free cash flow, while management lowered its full-year sales outlook to account for a softer consumer environment in the pet category. Chief Executive Officer Sumit Singh
Investing.com -- Shares of several trucking companies fell sharply on Tuesday after Amazon announced the U.S. expansion of its less-than-truckload freight service to any destination and any business size, rattling investors in the transportation and logistics sector.
May jobs data beat expectations, boosting prospects for leisure, healthcare and energy stocks. These sector ETFs and stocks could benefit most.
The AI trade continues to stand on unsteady ground this week as semiconductor stocks waver. Oracle's (ORCL) fiscal fourth quarter earnings are due out after Wednesday's market close, which could ultimately be a tipping point for the AI sector. JonesTrading chief market strategist Michael O'Rourke speaks with Yahoo Finance Executive Editor Brian Sozzi about his outlook on the AI sector.
Trump Media & Technology said Wednesday that it is no longer trying to spin off Truth Social following a proposed merger with a nuclear-fusion firm. The pause marks another U-turn for President Trump's namesake company, whose shares are down 38% this year. After Trump Media in December announced a plan to combine with TAE Technologies, executives said they were trying to split assets including the business's social-media arm into a separate company through a SPAC deal.
(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets W
The pet supplies retailer reported net income of $94.8 million and nearly 200,000 net new customers in its fiscal first quarter
There are data centers in Texas that were fully built out over a year ago, kitted with server racks, networking, and GPUs, and are sitting idle, waiting for a grid connection. It is a power problem, and it is the same problem slowing AI infrastructure build-out across the U.S. and increasingly abroad.
The stock market’s slide continued on Wednesday after the latest inflation report failed to rouse Wall Street. The Dow fell 340 points, or 0.7%. The yield on the 2-year Treasury note was down to 4.12%.
The AI1 satellite spans 230 feet and delivers 120 kilowatts of average compute power, drawing on hardware already built for Starlink
June 10 (Reuters) - Wall Street's main indexes opened lower on Wednesday, as a selloff in technology stocks continued and renewed tensions between the U.S. and Iran overshadowed a tame May inflation
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