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

Stocks

Business

Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins

HF Sinclair beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by better-than-expected refining margins and throughput.

Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins
Business

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million

U.S. miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million).

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
Business

GRAPHIC: Nvidia’s growing sway over U.S. stock market

No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp, leaving Wall Street tied to the

GRAPHIC: Nvidia’s growing sway over U.S. stock market
Business

JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says

JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed.

JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says
Economy

Column-Everlasting love? US savers seem wedded to stocks: Mike Dolan

Record peaks, pricey valuations, narrow markets, frenzied tech bandwagons and even punchy alternatives in bonds - all surely gnaw at U.S. household savers to lighten

Column-Everlasting love? US savers seem wedded to stocks: Mike Dolan
Economy

Marketmind: Record world stocks leave bonds in gloom

A look at the day ahead in U.S. and global markets from Mike Dolan Global stocks captured by MSCI's all-country index surpassed 2022's peaks on Friday and soared to new records - leaving bonds unloved

Marketmind: Record world stocks leave bonds in gloom
Business

Investors still flock to cash as stocks hit record highs

Investors poured cash into money market funds at the fastest pace on record in the first weeks of the year, and funnelled another $15 billion into equities in the week to Wednesday,

Investors still flock to cash as stocks hit record highs
Business

Global equity funds see outflows amid inflation concerns

Investors reduced their holdings in global equity funds in the seven days up to Feb. 21 as unexpected robust inflation data tempered expectations for an imminent Federal Reserve rate cut.

Global equity funds see outflows amid inflation concerns
Business

Carvana shares ride higher after first annual profit

Shares of Carvana surged 30% before the bell on Friday after the used-car retailer posted its first-ever annual profit, in a sharp turnaround powered by the company's deal with bondholders

Carvana shares ride higher after first annual profit
Business

SPDR S&P 500 ETF tops record $500 billion in assets as Nvidia soars

A staggering rise in shares of chipmaker Nvidia helped the SPDR S&P 500 ETF Trust become the first exchange traded fund to top $500 billion in assets, market participants

SPDR S&P 500 ETF tops record $500 billion in assets as Nvidia soars
Business

Berkshire shares gain as 'built to last' conglomerate posts record profit

Berkshire Hathaway class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett

Berkshire shares gain as 'built to last' conglomerate posts record profit
Business

Marketmind: Anxious bonds catch a bid as Mideast eyed

A look at the day ahead in U.S. and global markets from Mike Dolan With stocks holding the bulk of recent stellar gains, more anxious bonds are back in focus - but Treasuries caught a decent break

Marketmind: Anxious bonds catch a bid as Mideast eyed
Business

Applied Materials receives subpoena from SEC on China shipments

Semiconductor equipment supplier Applied Materials received a subpoena from the U.S.

Applied Materials receives subpoena from SEC on China shipments
Business

Theater chain AMC beats quarterly revenue estimates

AMC Entertainment on Wednesday surpassed Wall Street estimates for quarterly revenue as concert films from pop stars Taylor Swift and Beyonce drew people to its theaters, cushioning the

Theater chain AMC beats quarterly revenue estimates
Business

WeightWatchers shares drop as Oprah Winfrey decides to exit board

Shares of WW International, also known as WeightWatchers, took a pounding after the company disclosed that media icon Oprah Winfrey will exit its board later this year.

WeightWatchers shares drop as Oprah Winfrey decides to exit board
Business

Retail investors' AI bet C3.ai's shares climb on strong results, forecast

C3.ai's shares jumped about 18% in premarket trading on Thursday after strong demand for AI software helped the company deliver third-quarter results ahead of analyst expectations and

Retail investors' AI bet C3.ai's shares climb on strong results, forecast
Business

Duolingo stock soars as online learning surge and AI boost forecast

Language learning platform Duolingo's shares surged more than 20% in premarket trading on Thursday as the company forecast better-than-expected 2024 revenue on the back of a shift to

Duolingo stock soars as online learning surge and AI boost forecast
Business

New York Community Bancorp appoints Alessandro Dinello as CEO

New York Community Bancorp said on Thursday it has appointed Alessandro Dinello as president and chief executive officer.

New York Community Bancorp appoints Alessandro Dinello as CEO
Business

Analysis-Wall Street hunts for more AI gold after Nvidia’s soaring rally

Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other

Analysis-Wall Street hunts for more AI gold after Nvidia’s soaring rally
Business

Investors swarm into tech stocks and crypto - BofA

Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday

Investors swarm into tech stocks and crypto - BofA
Business

Tech rally, AI excitement drive strong inflows into global equity funds

Global equity funds drew substantial inflows in the seven days to Feb. 28, driven by a rally in stock markets and greater investor interest in technology stocks, particularly after

Tech rally, AI excitement drive strong inflows into global equity funds
Business

New York Community Bancorp plunges on abrupt departure of CEO and emerging internal controls issues

Shares of New York Community Bancorp are tumbling before the opening bell after the departure of the longtime CEO of the bank, which says it’s delaying filing its annual report as it deals with issues with its internal controls

New York Community Bancorp plunges on abrupt departure of CEO and emerging internal controls issues
Business

SoundHound AI shares fall as disappointing results temper rally

Shares of SoundHound AI Inc slumped as much as 25% on Friday after the AI voice provider posted a downbeat quarter, taking some shine off a bumper rally last month fueled by surging

SoundHound AI shares fall as disappointing results temper rally
Business

Boeing in talks to buy Spirit Aero, WSJ reports

Boeing Co is in talks to buy 737 fuselage maker Spirit AeroSystems, the Wall Street Journal reported on Friday.

Boeing in talks to buy Spirit Aero, WSJ reports
Business

As NYCB's shares dive, options traders prepare for worse

The latest knock to the shares of New York Community Bancorp sent traders in the options market looking for defensive positions with renewed gusto on Friday.

As NYCB's shares dive, options traders prepare for worse

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