Today: September 19, 2024
Today: September 19, 2024

Stocks

Economy

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG

With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG
Business

Arm Holdings jumps over 40%, adds to staggering AI-powered rally

Shares of Arm Holdings surged more than 40% on Monday, adding to a staggering rally fueled by optimism around artificial intelligence.

Arm Holdings jumps over 40%, adds to staggering AI-powered rally
Business

Hunt for ‘next Nvidia’ draws options traders to Arm’s soaring stock

The craze for artificial intelligence stocks sent options traders piling into bets on Arm Holdings on Monday, with many positioning for more gains in the

Hunt for ‘next Nvidia’ draws options traders to Arm’s soaring stock
Economy

Hedge funds buy stocks amid 'almost no panic' market, says Goldman

Global hedge funds bought more stocks than they sold for the second consecutive week, mainly in the so-called cyclical sectors, such as energy, industrials and

Hedge funds buy stocks amid 'almost no panic' market, says Goldman
Business

Hammered NYCB shares rise on confidence-boosting steps by top executives

New York Community Bancorp shares rose before the bell on Tuesday on turnaround hopes after top executives took steps to boost confidence in the lender grappling with a pile of loans tied

Hammered NYCB shares rise on confidence-boosting steps by top executives
Business

Robinhood surges on surprise Q4 profit, strong 2024 revenue growth forecast

Shares of Robinhood surged 12% in premarket trading on Wednesday, after the retail-investor brokerage reported a surprise profit in the fourth quarter and said it expects strong revenue

Robinhood surges on surprise Q4 profit, strong 2024 revenue growth forecast
Business

Lyft rises as cost cuts to drive positive free cash flow in 2024

Lyft shares surged more than 21% on Wednesday before the bell after the ride-hailing company said cost cuts would help it generate positive free cash flow for the first time

Lyft rises as cost cuts to drive positive free cash flow in 2024
Business

Berkshire sheds some holdings, mum on new investment

Berkshire Hathaway on Wednesday said it has shed three of its common stock holdings, as the conglomerate controlled by Warren Buffett remained silent on what could be a major new

Berkshire sheds some holdings, mum on new investment
Business

Japan GDP on tap, yen hugs 150.00/$

A look at the day ahead in Asian markets.

Japan GDP on tap, yen hugs 150.00/$
Business

Nvidia's scorching shares drew hedge funds in Q4, filings show

Several well-known funds jumped into shares of chipmaker Nvidia at the end of last year, securities filings showed on Wednesday, potentially setting themselves up

Nvidia's scorching shares drew hedge funds in Q4, filings show
Business

Soros Fund, AQR, Millennium bought NYCB shares in Q4

A number of well-known fund managers bought shares of New York Community Bancorp in the fourth quarter of 2023, securities filings showed, before the troubled

Soros Fund, AQR, Millennium bought NYCB shares in Q4
Business

Asian stocks rise, dollar eases as markets weigh US rate outlook

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the

Asian stocks rise, dollar eases as markets weigh US rate outlook
Business

Marketmind: Tech-led U.S. 'exceptionalism' underlined

A look at the day ahead in U.S. and global markets from Mike Dolan If you needed an illustration of U.S. economic "exceptionalism", then simply contrast its still-booming economy with this week's news

Marketmind: Tech-led U.S. 'exceptionalism' underlined
Business

Arm, SoundHound AI shares jump as Nvidia builds stake

Nvidia's bet on smaller AI firms from healthcare companies Nano-X Imaging and Recursion to chipmaker Arm Holdings boosted their shares in premarket trading on Thursday.

Arm, SoundHound AI shares jump as Nvidia builds stake
Business

Cisco falls on tepid networking gear demand amid AI focus

Cisco Systems fell more than 4% premarket on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish demand from

Cisco falls on tepid networking gear demand amid AI focus
Business

AI mentions rise in S&P 500 earnings calls, Goldman says

The number of S&P 500 companies discussing artificial intelligence has climbed to a new high in fourth-quarter conference calls, Goldman Sachs strategists said,

AI mentions rise in S&P 500 earnings calls, Goldman says
Business

Digital World shares surge as U.S. regulators clear way for merger with Trump's media firm

Shares of Digital World Acquisition Corp soared nearly 30% on Thursday after regulators cleared the way for its merger with former U.S. President Donald Trump's social media platform.

Digital World shares surge as U.S. regulators clear way for merger with Trump's media firm
Business|Economy

DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses

DoorDash's revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped

DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses
Business

Marketmind: Global stocks at two-year highs, Nikkei skirts record

A look at the day ahead in U.S. and global markets from Mike Dolan A confusing mix of red hot stock markets, chilly U.S. economic updates and hawkish Federal Reserve noises make for a foggy end to the

Marketmind: Global stocks at two-year highs, Nikkei skirts record
Business

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery

Home Depot's annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they scour

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
Economy

High-flying Nvidia’s earnings could test US stock market’s AI dreams

Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s hottest names, and for the artificial

High-flying Nvidia’s earnings could test US stock market’s AI dreams
Business

Asia shares cautious as inflation dashes rate cut hopes

Asian shares got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood, though investors are hoping China markets return from

Asia shares cautious as inflation dashes rate cut hopes
Business

Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook

Goldman Sachs raised its year-end target for the benchmark S&P 500 to 5,200, reflecting roughly a 4% upside from current levels, citing an improved earnings outlook for the index companies

Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
Business

Goldman raises global equities to 'overweight' on economic growth prospects

Goldman Sachs upgraded its rating on global equities to "overweight" on prospects of economic growth and recovery in manufacturing activity, after starting the year with a "neutral" rating

Goldman raises global equities to 'overweight' on economic growth prospects
Business

Marketmind: Chips off the table ahead of Nvidia

A look at the day ahead in Asian markets.

Marketmind: Chips off the table ahead of Nvidia

Follow