News
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Investing.com -- Evercore ISI cut its rating for Hewlett Packard Enterprise to In Line from Outperform on Monday following a sharp rally in the shares, keeping its $65 price target on the stock.
Growing calls to slow artificial intelligence development sent technology stocks tumbling on Monday. The Nasdaq Composite fell 1.3%. The slide followed a call from Anthropic CEO Dario Amodei for a coordinated global slowdown in AI development.
Investing.com -- Baird has turned more cautious on apparel, footwear and fitness stocks, downgrading several names as it sees rising risks heading into the fourth quarter.
The yield on the 10-year U.S. Treasury note is still hovering just below 5%, pushed in different directions Monday by energy and stock markets. Treasury yields, which rise when bond prices fall, have been closely tracking oil prices, which were up again Monday. The 10-year yield was choppy Friday but ultimately ended the day higher after slightly warmer-than-expected inflation data reinforced bets that the Federal Reserve will vote to raise interest rates at its meeting Wednesday.
There were nearly 15 million active, primary mortgage loans in the U.S. with rates under 3% as of the end of 2021, according to Intercontinental Exchange data. Many homeowners were shielded from surging interest rates in 2022 with locked-in rates. A much bigger portion of the mortgage market is now eager to refinance if rates fall and will be put off from doing so by rising rates.
US stock futures moved lower on Monday as investors assessed calls for a slowdown in advanced artificial intelligence development, upcoming Federal Reserve policy decisions and renewed uncertainty surrounding oil supplies from the Middle East. At 03:04 ET (07:04 GMT), Dow futures were down 63 points, or 0.
European chip stocks followed Asian peers lower, after leaders of the world’s biggest AI companies called for the industry to slow the tech’s development for safety reasons.
The Etcamah results came a week after the U.S. granted approval for the drug for advanced breast cancer upon the detection of a specific mutation.
One date in the next decade is quietly doing all the work in Wall Street’s newest bear case.
The crash has put a spotlight on 21 Air and owner Jim Crane, the logistics magnate and owner of Houston Astros baseball team.
Private equity firm Blackstone Inc. is reportedly finalizing an exit from Bumble Inc. after doubling its investment, while the dating app’s stock has declined. Blackstone Generates 98% IRR on BMBL Investment Blackstone and venture firm Accel invested $2.1 billion to...
Goldman Sachs says AI spending is propping up S&P 500 earnings growth, but that same statistic reveals a fragile dependency on a handful of buyers whose budgets could shift any quarter.
Anthropic's Dario Amodei, OpenAI's and SpaceX's Elon Musk say they want an AI slowdown. Will they? The Fed looms as well.
The health-products company said it planned to hive off its DePuy Synthes unit to focus on higher-growth areas.
Investing.com -- Oracle Corp (NYSE:ORCL) executive chair and chief technology officer Larry Ellison has cancelled a trading plan that would have allowed him to sell up to 50 million shares of the company, Oracle said on Saturday, adding that no shares were sold under the plan and that he has no other plans to sell Oracle stock.
A new bull started coverage with math that cuts against the crowd
Oracle Corp. Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion, a day after the company disclosed the founder’s divestment plan.
Larry Ellison scrapped plans to sell up to $7.5 billion worth of his Oracle stake, a day after the company disclosed the billionaire’s trading plans. In a statement Saturday, Oracle said Ellison had reversed course. “No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock,” it said.
Freeport-McMoRan (FCX) stock fell 6.6% on Thursday to close at $71.21, while the S&P 500 slipped 0.6%. Copper sold off on surging yields and on reports that the White House has yet to decide on copper tariffs, raising concern the plan could be dropped over worries about higher manufacturing costs. That doubt lands on the part of Freeport that management says a tariff would help: its US business.
Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work.
A federal judge has cleared Estée Lauder Companies to proceed with and expand its trademark lawsuit against Walmart over fake luxury beauty products sold.
(Updates with index/price moves, comments and company/geopolitical news from the first paragraph.)
Uber’s CEO just said something about layoffs that nobody else cutting jobs is saying.
CPI's biggest fan just decided to sell the stock. Is it time to panic?
Morgan Stanley Cuts Novo Nordisk to Underweight as Semaglutide Risks Cloud Outlook
The stock market fell as oil prices and Treasury yields soared, but rebounded Friday on the CPI inflation report. Apple, Oracle, Meta were key movers.