NEW YORK -The S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous session. The Dow was slightly higher.
The big vote on whether to reapprove Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's $56 billion pay package is likely to win "overwhelming" approval from shareholders at next week's annual meeting and could help lift one the overhangs on the stock, Wedbush said in a Thursday note.
The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday.
The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney's ESPN, and Amazon.com (NASDAQ:AMZN) that would generate about $76 billion in media revenue over 11 years, the Wall Street Journal reported on Wednesday.
Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia (NASDAQ:NVDA)'s hardware this year, CEO Elon Musk said in a post on X on Tuesday.
U.S. stocks rose in choppy trading on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve.
NEW YORK - Global hedge funds dumped equities last week, in a painful week for their portfolios as the U.S. main indexes fell and hit their long bets, Morgan Stanley said in a note.
Wall Street's main indexes were lower in choppy trading on Monday after data showed signs of weakness in the manufacturing sector and investors grappled with technical problems on the NYSE.
European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank, while U.S. jobs data due this week kept the focus squarely on inflation.
Nvidia Chief Executive Jensen Huang said on Sunday that the company's next-generation artificial intelligence (AI) chip platform was called Rubin and would be rolled out in 2026.
U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central bank will be able to begin cutting interest rates in September.
Shares in Dell (NYSE:DELL) shed around a fifth of their value in early U.S. trading on Friday after the technology group unveiled a lower-than-anticipated current-quarter earnings outlook and indicated that higher spending on building out servers to meet artificial intelligence workloads would weigh on full-year margins.
Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Basic Materials and Industrials sectors led shares lower.
The head of the Federal Aviation Administration will meet with Boeing (NYSE:BA) CEO Dave Calhoun and other top company officials Thursday to discuss the company's quality improvement plans.
The 10-year Treasury yield broke out of its recent range as hawkish remarks from Federal Reserve officials and weaker Treasury auction results put the squeeze on government bonds, but the bond bears are unlikely to strengthen their grip as the U.S. benchmark yield could fall to its 4.30% to 4.50% range as soon as July.
trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and regulators on alert for increased trade failures and other hiccups in the world’s largest financial market over the coming days.
(Reuters) -European stocks closed slightly higher on Monday and government bond yields eased, amidst hints of upcoming interest rate cuts by the European Central Bank (ECB), though trading activity was light as some key global markets were shut.
A victory for Donald Trump in the upcoming U.S. presidential election would be "more bearish" for bond markets, Bill Gross, the fixed-income investor who has been called the "Bond King," has told the Financial Times.
