-
Stocks Slip After Last Week's Big Rally
Stocks slipped on Wall Street Monday, after a big jump last week on hopes for more interest rate cuts from the Federal Reserve.
-
Finally, 'Too Late' Powell Considers Rate Cuts
Recently, Federal Reserve Chair Jerome Powell hinted at a potential shift in his stance regarding interest rate cuts.
-
Jefferies Lifts S&P 500 Annual Target to 6,600 on Resilient Earnings
Jefferies lifted its year-end target for the S&P 500 index to 6,600, citing robust corporate earnings, easing concerns about the health of the U.S. economy.
-
Major Brokerages Pivot to Sept. Fed Rate Cut
Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson Hole toward rising risks in the labor market.
-
Keurig Dr Pepper to Buy JDE Peet's in $18B Deal
Keurig Dr Pepper said Monday it will buy Peet's Coffee owner JDE Peet's in a deal worth about $18 billion (15.7 billion euro).
-
Wall Street Week Ahead: Nvidia in the Spotlight
A wobble in U.S. technology shares has raised the stakes for Nvidia Corp's quarterly results Wednesday, with earnings from the semiconductor giant posing a crucial test for the scorching AI trade.
-
Wall St Rockets to Records on Powell's Rate-Cut Tease
Wall Street ended higher Friday -- with all three benchmark indexes, including the blue-chip Dow, hitting record closing highs -- as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole...
-
Apple in Talks to Power Siri With Google's Gemini AI
Apple is in early talks to use Google's Gemini AI to revamp the Siri voice assistant, Bloomberg News reported Friday, citing people familiar with the matter.
-
Cracker Barrel's Stock Tanks, Loses $94M in Value After Rebrand
Cracker Barrel's stock tanked Thursday, losing $94 million in value after the Southern country restaurant rolled out a rebranded logo that many say is a betrayal of its customer base. Known for its old-fashioned atmosphere...
-
Waymo Gets 1st Permit to Test Self-Driving Cars in NYC
Alphabet's robotaxi unit Waymo has received its first permit to begin testing its autonomous vehicles in New York City with a trained specialist behind the wheel, helping the company advance its self-driving ambitions.
-
Small-Caps, Housing Rally on Rate-Cut Prospects
Rate-sensitive stocks rallied Friday after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be on the table in September, citing a shifting balance of risks.
-
Dow Rockets by 900 on Powell's Rate Cut Signal
Wall Street's main indexes climbed as much as 2% Friday after U.S. Federal Reserve Chair Jerome Powell pointed to a possible interest-rate cut at the central bank's next policy meeting during his Jackson Hole Symposium speech.
-
Powell Signals Fed May Cut Rates Soon Even as Inflation Risks Remain
Federal Reserve Chair Jerome Powell Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs...
-
Global Equity Fund Inflows Cool After Tech Selloff
Global equity fund inflows dropped sharply in the week through August 20 on caution over a selloff in leading technology stocks, with the Federal Reserve Chair Jerome Powell's upcoming speech at the annual Jackson Hole symposium this weekend, also adding to risk...
-
Nvidia CEO: In Talks With US Over New China Chip
Nvidia CEO Jensen Huang arrived in Taipei Friday to visit chip foundry partner TSMC, as the biggest U.S. company navigates rising friction between Washington and Beijing over access to its industry-leading AI chips.
-
As White House Watches, Fed's Powell to Hint Yes or No on Rate Cuts
U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ground that leaves major...
-
Fed Officials Lukewarm on September Rate Cut
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for U.S. central bank chief Jerome Powell's speech to the annual Jackson Hole conference in Wyoming.
-
Meta Signs $10B Cloud Deal With Google: Source
Google has struck a cloud computing deal with Meta Platforms worth more than $10 billion, a source familiar with the matter told Reuters.
-
Musk Sought Zuckerberg's Help for $97.4B OpenAI Bid
Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing.
-
NBCUniversal, MLB Near $600M, Three-Year Deal
Comcast-owned NBCUniversal is in advanced talks with Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually, The Wall Street Journal reported Thursday.
-
Stocks Slip as Investors Brace for Powell's Speech
Wall Street's main indexes fell Thursday as investors feared potentially hawkish remarks by the Federal Reserve chair on Friday that could spark volatility, while big-box retailer Walmart's quarterly results dampened sentiment.
-
Cracker Barrel Rebrand Includes New Logo
Cracker Barrel is marching forward with an ongoing makeover. And to the dismay of some fans, the chain's new logo now ditches the barrel itself.
-
Brace for Stagflation
The U.S. economy is walking a precarious tightrope. Prices are climbing, growth is slowing, and signs of strain are showing up across labor markets and household budgets. Economists warn that stagflation, a dangerous mix of persistent inflation and weak economic growth, is...
-
Stocks Slip Again on Walmart Earnings Miss
U.S. stocks are falling again, this time after the country's largest retailer reported profits that came up short of Wall Street's expectations.
-
Microsoft Rejoins Handheld Gaming Fight vs. Nintendo's Switch
The record launch in June for the Nintendo Switch 2, a game console that can be played at home or on the go, heralds a new portable race that Microsoft aims to win with a handheld version of its Xbox.