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Why Harris is splitting with (some of) Biden’s capital gains plans
On a day when Vice President Kamala Harris unveiled a new plan for small businesses, the Democratic nominee also announced a change in her plans to pay for it by…
S&P 500, Nasdaq slip as sluggish start to September continues
Gasoline prices have been on a downward trend as oil prices decline and gasoline futures (RB=F) approach three-year lows. The national average at the pump on Wednesday sat near six-month…
Why Verizon Stock Was Wilting on Wednesday
Is Verizon Communications (NYSE: VZ) about to open its wallet for a massive new acquisition? That was the scuttlebutt on the stock market Wednesday, and on potential news that the…
Intel manufacturing business will see ‘meaningful’ revenue in 2027, CFO says
By Max A. Cherney (Reuters) – Intel will begin to generate a “meaningful” amount of revenue from its contract chip manufacturing business in 2027, the company’s CFO said at an…
Super Micro Computer Stock Plunged 37.6% in August: Here’s Why
Shares of Super Micro Computer (NASDAQ: SMCI) fell 37.6% in August, according to data from S&P Global Market Intelligence. The server systems builder took two heavy hits last month, and…
Verizon Is in Talks to Buy Frontier Communications
(Bloomberg) — Verizon Communications Inc. is in advanced talks to acquire rival telecommunications operator Frontier Communications Parent Inc., according to a person familiar with the negotiations. Most Read from Bloomberg…
Intel Stock Drops Further as Silicon Wafers Reportedly Fail Broadcom Tests
David Paul Morris / Bloomberg via Getty Images Key Takeaways Intel shares fell further Wednesday amid a broader selloff of chip stocks, as the company’s contract manufacturing business got another…
Stocks claw back after tough September start
US stocks recovered some losses on Wednesday morning, coming off a steep sell-off fueled by worries about economic growth and the artificial intelligence trade amid a slide in Nvidia (NVDA)…
How Rich Are You? Here’s The Net Worth That Defines Upper, Middle, and Lower Class
How Rich Are You? Here’s The Net Worth That Defines Upper, Middle, and Lower Class You’ve heard the terms “upper class,” “middle class,” and “lower class” tossed around in conversations…
US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails
Daniel Acker / Bloomberg via Getty Images U.S. Steel CEO David Burritt CEO in 2018. Key Takeaways U.S. Steel’s CEO said the company would have to close plants and might…
Nasdaq leads declines as stocks extend slide
US tech stocks extended losses on Wednesday morning, coming off a steep sell-off fueled by worries about economic growth and the AI trade amid a slide in Nvidia (NVDA) shares.…
Analysis-Recession fears trounce rate cut cheer in latest market selloff
By Naomi Rovnick LONDON (Reuters) – Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving…
Nvidia Rout Has Traders Watching $100-Share Level Amid ‘Vacuum’
(Bloomberg) — The sharp selloff that wiped a record $279 billion off Nvidia (NVDA) Corp.’s market value on Tuesday has traders scouring charts for clues as to where the pain…
Futures slip on economic growth worries ahead of labor data
(Reuters) – Futures tied to Wall Street’s main indexes slipped ahead of labor data expected later on Wednesday as worries lingered about the health of the U.S. economy. Wall Street’s…
2 Top Dividend Stocks I Plan to Buy Even More of This September
Dividend stocks are proven wealth builders. The average dividend stock has delivered above-average annual total returns over the long term, with the highest returns coming from companies that consistently increase…
Generative AI Sales Could Soar 2,040%: My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)
In late 2022, digital assistant ChatGPT popularized generative artificial intelligence (AI), which uses machine learning models to create media content like text, images, and video. Since ChatGPT hit the market,…
Bitcoin touches one-month low as glum traders hedge for payrolls
(Bloomberg) — Bitcoin flirted with a one-month low amid a wider retreat from riskier investments in global markets due to fears about the economic outlook. Most Read from Bloomberg The…
Stocks tumble as market leaders turn losers
SINGAPORE (Reuters) – Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors…
Asian stocks tumble after Wall Street drops on worries about the economy
HONG KONG (AP) — Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to a global decline in…
Nasdaq drops 3% as weak manufacturing data renews US growth fears
Michael M. Santiago/Getty US indexes fell steeply Tuesday as weak manufacturing data prompted fresh fears about the economy. The ISM Manufacturing index failed to meet expectations, and investors are now…
Stocks Tumble Most Since August Rout, Oil Slips: Markets Wrap
(Bloomberg) — Stocks in Asia slumped the most since the Aug. 5 rout, tracking a selloff in US peers driven by a plunge in Nvidia Corp. Most Read from Bloomberg…
Stocks that have underperformed are poised to catch up if the latest jobs data is strong, Morgan Stanley says
Mike Wilson, Morgan Stanley’s chief US equity strategist.Bloomberg TV The next jobs report could further broaden the stock rally beyond tech, Morgan Stanley says. The firm expects an additional 185,000…
The stock market chaos sparked by the yen last month could resume as rates rise in Japan, SocGen says
Japan’s central bank looks poised to keep raising rates, according to SocGen’s Albert EdwardsAFP Contributor Turmoil from the yen carry trade unwind could continue anew, according to SocGen. Analysts pointed…
Stocks stumble as growth worries resurface, tech shine dims
By Rae Wee SINGAPORE (Reuters) – Asian shares and global stock futures fell on Wednesday in the wake of a tech selloff, while the dollar and yen rose on safety…