In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
Stocks are entering one of the busiest weeks of the year near record highs. A late-week rally led by a surge in Tesla (TSLA) shares helped the Nasdaq Composite close the week higher by about 0.9%, just shy of a new record high. Meanwhile the S&P 500 (GSPC) fell more than 0.3% and the Dow…
Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024, in Washington, D.C.Photo: Chip Somodevilla (Getty Images) In This Story Nvidia (NVDA+4.08%) closed at a record high Monday as Wall Street anticipates Big Tech’s earnings report in November. The pill form of Novo Nordisk’s drug Ozempic can cut the risk of heart…
Musk, always eager to clap back at criticism, wasn’t having that. Jourová, actually, is “the epitome of banal, bureaucratic evil,” the tech chief said on his X account late Thursday. Musk has been on a collision course with European officials, fighting regulators and governments on multiple fronts. The tech tycoon bought Twitter in 2022 and…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: There’s no doubt that Big Tech is in the bull market’s driver’s seat — but it’s got company. Though the major indexes are narrowly in the green this October, they have been boosted…
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season excitement even as China’s markets turn tail on demand worries and stimulus doubts. The…
The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova (GEV), the power equipment maker that spun out of iconic GE earlier this year. Shares of the Cambridge, Mass.-based company have been hovering near all-time highs, along with the broader S&P 500 Industrial ETF…
The stock market has recovered most of the losses suffered in its summer selloff. While the S&P 500 Index has bounced back before, this time is unique because it isn’t being led by Big Tech — instead it’s everyone else’s turn. Technology giants like Nvidia Corp. and Microsoft Corp. have led gains in the equities…