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Nvidia Q1 Revenue Beats, Rising by 69%; Stock up 3%
Nvidia reported better-than-expected first-quarter earnings and revenue Wednesday, with total revenue growing 69%, and sales in the company's important data center division up 73% on an annual basis to $39.1 billion.
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Stocks Decline on Fed Concerns; Nvidia Awaited
U.S. stock indexes closed lower Wednesday as investors digested minutes from the last Federal Reserve meeting and awaited results from AI bellwether Nvidia.
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The Stealth Bear Market
Is this a "stealth" bear market? Of course, you may be asking yourself what I mean by that.
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Stocks Muted Ahead of Fed Minutes, Nvidia Results
Wall Street's main indexes were subdued Wednesday after a sharp rally in the previous session sparked by easing trade tensions, as investors awaited AI leader Nvidia's results and minutes from the U.S. Federal Reserve's last policy meeting.
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Abercrombie Beats on Firm Demand, Shares Pop 26%
Abercrombie & Fitch Wednesday beat estimates for first-quarter sales, as its move to introduce fresh styles such as printed jeans and dresses helped in drawing more shoppers, sending shares of the apparel maker up about 26% in premarket trading.
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Michael Kors-Owner Capri Q4 Beats on Fresh Designs
Wednesday beat estimates for fourth-quarter revenue as its focus on reviving sales at its Michael Kors brand with new designs helped bring back shoppers.
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Dow Jumps 740 Points, Nasdaq Surges 2.47%
Wall Street surged Tuesday as investor risk appetite was buoyed by U.S. President Donald Trump's latest tariff respite and an unexpected jump in consumer confidence.
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Wall Street Roller Coaster Ride Whips Back Upward
Wall Street is climbing Tuesday as the roller-coaster ride created by President Donald Trump's trade policies whips back upward, this time because of a delay for his tariffs on the European Union.
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Salesforce to Buy Informatica for $8B to Bolster AI Data Tools
Salesforce said Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market.The cloud-software giant is returning to big-ticket M&A after years on the sidelines,...
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Stocks Fall as Tariff Threats Spur Market Uncertainty
U.S. stocks fell Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.
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Wall Street Week Ahead: Nvidia Earnings in Focus
An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields.
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John Tabacco: Trump's Influence on Crypto Soaring
President Donald Trump, who has promised to make the United States the "crypto capital" of the world, has provided a barometer into his presidency through the offer of $TRUMP, his branded meme coin that is "not like any other meme coin...
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US Equity Funds Face Outflows on Debt Concerns
U.S. equity funds saw huge outflows in the week ended May 21, as Treasury yields surged on fears President Donald Trump's proposed tax-cut bill could add trillions to U.S. debt if passed by Congress.
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Apple Stock Loses $100B After Trump's Tariff Threat
Apple shares dropped nearly 4% Friday after President Donald Trump issued his latest threat of a 25% tariff on the Big Tech company if it does not start manufacturing iPhones in the U.S.
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Nuclear Stocks Surge on Report of Trump Boost to Industry
Shares of nuclear power companies surged after a report that U.S. President Donald Trump would sign executive orders as early as Friday to jumpstart the industry.
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Emerging Market Equity Funds Lure Investors Fleeing Overvalued US Assets
Emerging market equity funds are leading the global performance this year, bolstered by attractive valuations, years of under-positioning by investors and an easing of economic pressures after U.S. President Donald Trump's pause on tariffs.
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Wall St, Apple Slide on Trump's Latest Tariff Threats
President Donald Trump is pushing stocks to sink again Friday, this time after threatening 50% tariffs on the European Union that could begin in a little more than a week.
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Homeowners Spending on Renovations, Repairs
U.S. homeowners are spending more on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.
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Tariff-Fogged Markets Leave Investors Flying Blind
Global investors admit to flying blind in markets roiled by erratic U.S. trade rhetoric and chaotic economic forecasting, stressing that placing long-term bets was harder now than at any time since the 2020 COVID-19 crisis.
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Trump Hosts Top Crypto Investors at Swanky Dinner
President Donald Trump rewarded top investors in one of his cryptocurrency projects with a swanky dinner, an event that showed the ascendance of an emerging financial industry.
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Wall Street Stocks End Flat in Choppy Trading
U.S. stocks finished little changed Thursday, erasing initial declines, as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill.
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Bullion vs. Banks: Who Do You Trust?
Two years ago, we saw the dramatic collapse of Silicon Valley Bank (SVB) and First Republic. Since then, the banking sector hasn't found its footing. In fact, the problems that triggered the 2023 banking crisis are still lurking beneath the surface, waiting for the next...
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Fed's Waller Sees Path to Rate Cuts Later This Year
Federal Reserve Governor Christopher Waller said Thursday he still sees a path to interest rate cuts later this year, and added that market pricing shows investors are worried the current Republican-backed budget and tax bill in Congress does not do enough to deal with the...
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US Expected to Support Red States in BlackRock Climate Case
U.S. federal antitrust enforcers were expected to express support Thursday for arguments wielded by Republican states that accuse asset managers BlackRock, Vanguard and State Street of conspiring through climate activism to decrease coal output, two sources familiar with...
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Stocks Drift on Worries About Soaring US Debt
U.S. stocks are drifting in tentative trading Thursday following a rocky week so far because of worries coming out of the bond market about the U.S. government's debt.