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    Why Super Micro Computer Stock Sank Today

    by skolnes November 13, 2024
    November 13, 2024

    Super Micro Computer (NASDAQ: SMCI) stock fell in Wednesday’s trading after the company said that it would not be able to file its quarterly 10-Q report on time. The company’s …

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    Banks flood US debt market in biggest single-day raise since 2016, BMO says

    by skolnes November 13, 2024
    November 13, 2024

    By Matt Tracy (Reuters) – Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of …

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  • Cryptocurrency News

    Cisco raises annual revenue forecast as AI spurs networking tools demand

    by skolnes November 13, 2024
    November 13, 2024

    (Reuters) – Cisco Systems (CSCO) raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven …

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    Dow, S&P 500 rise while Nasdaq lags as inflation print keeps Fed rate cut on track

    by skolnes November 13, 2024
    November 13, 2024

    New data out Wednesday showed the “core” Consumer Price Index (CPI) increased 3.3% in the month of October, in line with Wall Street’s expectations. Immediately following Wednesday’s release, markets continued …

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  • Cryptocurrency News

    US debt ‘set to explode’ under Trump

    by skolnes November 13, 2024
    November 13, 2024

    America’s national debt is “set to explode” under Donald Trump, top bankers at the Institute of International Finance (IIF) have warned. Analysts at the Washington-based institute said the incoming president’s …

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  • Cryptocurrency News

    Supreme Court seems likely to allow class action to proceed against tech company Nvidia

    by skolnes November 13, 2024
    November 13, 2024

    WASHINGTON (AP) — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia (NVDA) of misleading investors about its dependence on selling computer chips for …

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  • Cryptocurrency News

    Rivian stock surges as company expands joint venture with Volkswagen

    by skolnes November 13, 2024
    November 13, 2024

    Rivian (RIVN) stock rose as much as 16% in early afternoon trade on Wednesday after the EV maker announced an expansion of its partnership with Volkswagen (VWAGY), with the German …

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  • Cryptocurrency News

    Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’

    by skolnes November 13, 2024
    November 13, 2024

    Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’ Berkshire Hathaway CEO Warren Buffett recently ended a six-year streak of stock buybacks for the company. …

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  • Cryptocurrency News

    Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track

    by skolnes November 13, 2024
    November 13, 2024

    US stocks traded mixed in early trading on Wednesday as investors weighed fresh consumer inflation data that looked to keep the Federal Reserve on pace for another rate cut next …

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  • Cryptocurrency News

    Dow, S&P 500, Nasdaq edge higher as inflation print keeps Fed rate cut on track

    by skolnes November 13, 2024
    November 13, 2024

    US stocks ticked higher on Wednesday as investors weighed fresh consumer inflation data that looked to keep the Federal Reserve on pace for another rate cut next month. The Dow …

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