U.S. stock futures largely moved higher, though Sandisk and Micron Technology fell premarket as investor enthusiasm around semiconductor companies continued to wane.
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Hard economic data, not proactive guesswork, drive Federal Open Market Committee (FOMC) policy decisions.
Investors braced for a Fed decision, a flood of earnings, and a potential reescalation in the war with Iran.
After back-to-back days of outperformance this week, the Dow Jones Industrial Average has nudged ahead the other major U.S. benchmarks for the month and year as well. On a year-to-date basis, the Dow is up 9.7%, holding a small lead over of the S&P 500, which is up 8.5%, and the tech-heavy Nasdaq composite, which is up 7%. The Nasdaq yesterday flirted with trading in correction territory, or 10% below a recent high.
Today Federal Reserve meeting: Fed Chairman Kevin Warsh will hold a press conference at 2:30 p.m. ET, following the FOMC interest-rate decision at 2 p.m. Earnings (a.m): Procter & Gamble, Humana, L3Harris, Biogen, General Dynamics, Teva Pharmaceuticals, Airbus Earnings (p.
Sony is set to be a major beneficiary of the launch of "Grand Theft Auto VI" but the highly anticipated game is landing as the PlayStation maker grapples with rising prices of memory chips. The Japanese entertainment conglomerate, widely seen as the winner of the high-end console wars as Microsoft's Xbox business retrenches, has a long history with Take-Two Interactive Software, which will launch its delayed "GTA VI" on November 19. "GTA VI will be console only and the vast majority of new users will choose a PlayStation 5," said Serkan Toto, founder of Kantan Games consultancy.
UBS estimates SpaceX could spend about $135 billion on wafer-fab equipment over five years for Terafab.
Dillard's currently trades at $573.95 per share and has shown little upside over the past six months, posting a small loss of 4.9%. The stock also fell short of the S&P 500’s 6.3% gain during that period.
Investors are also watching for partnership or buyout catalysts as ImmunityBio expands Anktiva internationally and builds its global NK-cell platform.
MOSCOW, July 29 () - Russia's Federal Security Service (FSB) said on Wednesday that it had charged Telegram founder Pavel Durov with facilitating terrorist activities, and that it had issued an international warrant for his arrest. The FSB said that the charges related to Telegram's failure to remove material "used by Ukrainian special services and by terrorist and extremist organisations to prepare and coordinate acts of sabotage and terrorism, mass killings, and cyber-fraud operations wit
July 29 (Reuters) - Colgate-Palmolive India reported a rise in quarterly profit on Wednesday, helped by healthy demand in its core oral care product portfolio as well as premium offerings.
SpaceX's growth vision remains entirely intact.
BEIJING, July 29 (Reuters) - Shipments of foreign-branded phones within China including those from Apple Inc soared 66.3% to 3.28 million handsets in June, according to Reuters calculations based on
FTSE 100 up 7 points to 10,878 Earlier topped 10,949 - a new intraday high Results out from Glencore, Reckitt, Greggs, Aberdeen, Weir, Lancashire 10.52am: FTSE attractions in full effect today The FTSE 100 sneaked above its all-time high from February in early trading "helped by...
What a time it’s been for DaVita. In the past six months alone, the company’s stock price has increased by a massive 122%, reaching $235.17 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Qualcomm will report its fiscal third-quarter results on Wednesday afternoon as it seeks to diversify away from mobile phones.
Coca-Cola shares gained after strong Q2 results, with higher sales, margins and earnings prompting optimism.
Skyworks Solutions Inc (SWKS) surpasses revenue expectations, announces a $2 billion stock repurchase program, and anticipates a promising Qorvo combination.
Enphase Energy Inc (ENPH) reports robust gross margins and strategic product launches, despite facing headwinds in the US market.
Tilray Brands Inc (TLRY) reports significant financial improvements and outlines strategic plans for future expansion across diverse sectors.
Despite a net loss, Ford Motor Co (F) raises full-year guidance, showcasing confidence in its strategic initiatives and strong product mix.
KLA Corp (KLAC) achieves record revenue of $3.66 billion, driven by AI infrastructure demand, while navigating supply chain and pricing pressures.
For years, Federal Reserve decisions became something of a rubber stamp, with investors focused more on the press conference than the announcement itself. Under new Fed Chair Kevin Warsh, that dynamic has flipped, observes Bret Kenwell, US investment analyst at eToro US.
Visa Inc (V) reports a robust 14% increase in net revenue, driven by strong payments volume and innovative solutions, despite rising expenses and market uncertainties.
Bloom Energy Corp (BE) achieves its first $1 billion quarter, expands partnerships, and raises full-year guidance amid robust demand and market leadership.
As investors await Microsoft Corp’s (NASDAQ:MSFT) quarterly results, Gene Munster argues the company’s long-term AI strategy—not its near-term earnings—will determine whether it can maintain its market leadership. Munster Says Microsoft’s AI Transition Matters More Than Earnings Ahead of Microsoft’s earnings report on Wednesday, Deepwater Asset Management’s managing partner said that Wall Street is focused on the wrong metric, arguing that the software giant’s biggest challenges lie years ahead
(Bloomberg) -- Washington risked widening its tech confrontation with China by restricting more foreign-made goods, including some humanoid robots and power inverters.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsApple Set to Make Big Smart Home Push With Siri AI at CenterUS Intercepts Iran Attack on Bases, Puncturing Days of CalmCitadel Securities Sees Warsh Delivering Surprise Fed HikeCiting possib