Michael M. Santiago/Getty Images The post-election rally has led stock exposure to jump to its highest level in 11 years, BofA says. The bank’s fund manager survey says US stocks …
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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 skolnesBy 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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Cisco raises annual revenue forecast as AI spurs networking tools demand
by skolnes(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 skolnesNew 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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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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Supreme Court seems likely to allow class action to proceed against tech company Nvidia
by skolnesWASHINGTON (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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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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Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’
by skolnesWarren 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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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
by skolnesUS 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 …