Intel suffers one of its worst days in 40 years as stock plunges 26% after earnings miss
Intel shares plunged more than 25% in trading on Friday, its worst trading day in 40 years. The company: Disappointing predictions The company said it would cut its workforce by 15%, deepening concerns about whether it can keep up with Taiwan’s TSMC and other chip makers. “Intel’s problems are now approaching an existential threat in […]
Trump campaign nails ‘Kamalanomics’ as stock market crashes on bad unemployment report
The stock market reacted negatively to the worsening unemployment report, and the Trump campaign blasted Democrats for what some saw as a sign of an economic recession. “Kamala Harris has repeatedly and proudly celebrated her role as Joe Biden’s co-pilot for ‘Bidenomics.’ She cast the deciding votes in the Senate for inflation-boosting spending, and despite […]
Intel stock, chipmakers, AI, job cuts
Jason Katz, managing director and senior portfolio manager at UBS, discusses in Varney & Co. whether big tech earnings will boost the stock market. Intel shares plummeted after the company said it would cut about 17,000 jobs and suspend dividend payments as part of a massive cost-cutting plan. The company plans to “resize and refocus” […]
Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price
Billionaire investor Warren Buffett has profited by selling more than $3 billion worth of Bank of America stock in the past few weeks after shares of the second-largest US bank surged. According to a regulatory filing late on Monday night, the 93-year-old Buffett, known as the “Oracle of Omaha,” liquidated 18.4 million shares of the […]
Dow Jones Today: Major Stock Indexes Hover Near Unchanged in Afternoon Trading – Investopedia
Solar stocks fall on concerns about potential hackers 16 minutes ago Shares of solar power companies including Enphase Energy (ENPH) and First Solar (FSLR) fell on Monday after reports that federal officials had expressed concerns about the possibility of hackers attacking the renewable energy sector. CNBC Pointing to a Private Industry Notice (PIN) sent by […]
Spooked stock market faces tech earnings minefield, Fed meeting
Spooked investors are gearing up this week for earnings reports from the market’s biggest tech companies, a Federal Reserve policy meeting and a closely watched jobs report that could determine the short-term trajectory of U.S. stocks after a wild turmoil. A months-long rally for big tech stocks hit a wall in late July, leading to […]
Microsoft or AMD: Deutsche Bank Chooses the Superior Tech Stock to Buy Ahead of Earnings – TipRanks
Over the past 12 months, market headlines have been dominated by technology, AI, and bull market news. It’s no secret that the explosive growth of AI has driven the rise of technology stocks on the market, but its success has led to the question: is this just a bubble? That question may be answered soon, […]
Stock futures rise slightly ahead of loaded week for tech earnings: Live updates – CNBC
Stock futures were slightly higher late Sunday as Wall Street prepared for a busy week of corporate earnings reports. Futures Dow Jones Industrial Average It increased by 72 points, or about 0.2%. S&P 500 Futures Up 0.2% Nasdaq 100 Futures Added 0.3%. The futures moves come after a volatile week for stock markets. of S&P […]
Dow surges more than 700 points as the stock market gears up for rate cuts – CNN
Spencer Pratt/Getty Images Economic data has also been surprisingly strong, even as interest rates remain at 23-year highs. new york CNN — There’s a clear shift in mood on Wall Street. Strong corporate earnings have driven stocks to repeatedly hit record highs in 2024, even as persistent inflation has forced investors to lower their estimates […]
SEC and DOJ charge famed short seller in $16M stock manipulation scheme
See what’s clicking on FoxBusiness.com Federal prosecutors on Friday charged prominent short seller Andrew Left with fraud, accusing him of using his vast following to manipulate the stock market. Stock Market And he made at least $16 million in illegal profits. of Securities and Exchange Commission It also filed charges against Left and his company, […]