By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting in mixed trading on Wednesday. The S&P 500 added 0.1% in morning trading and remains near its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 396 points, or 0.8%, after setting its own record the day before, while the…
Q3 net loss widens to $365 million from $323 million a year ago Revenue jumps 36% in Q3, but tariffs and costs hit margins Shares drop as much as 17% Nov 12 (Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number…
The bonanza in the U.S. stock market in the past 10 years won’t be repeated in the coming decade, according to Goldman Sachs. Strategist Peter Oppenheimer expects the S & P 500 to return just 6.5% on an annualized basis to investors in the next 10 years, including dividends. That’s a far cry from the…
Mike Intrator, Chief Executive Officer and founder of CoreWeave, poses for a photo during the company’s Initial Public Offering(IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things…
My top 10 things to watch Wednesday, Nov. 12 1. Has Advanced Micro Devices rescued the market from CoreWeave’s clutches following the AI infrastructure provider’s disappointing guidance Monday? CEO Lisa Su yesterday predicted that revenue growth will increase by 35% each year over the next three to five years. She cited also “insatiable” demand for…
Check out the companies making headlines before the bell. Advanced Micro Devices — The chipmaker jumped nearly 6% in reaction to robust long-term growth targets made at its Investor Day , including an internal forecast that the company’s data center revenues will jump 60% in the next three to five years. BILL Holdings — Bloomberg…
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Markets have already effectively priced in the U.S. government’s reopening on Monday, with today’s House vote to restore funding through January seen as a formality. Attention has now turned more to tech sector wobbles and the deluge…
US stock futures rose on Wednesday, with the Dow eyeing a fresh record as upbeat earnings boosted AI optimism and chances grew that the record-long US shutdown will end soon. Dow Jones Industrial Average futures (YM=F) moved up 0.3%, coming off the blue-chip benchmark’s record-high close on Tuesday in a split session for stocks. S&P…
Nov 12 – What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large, Finance and Markets Sign up here. Markets have already effectively priced in the U.S. government’s reopening on Monday, with today’s House vote to restore funding, opens new tab through January seen as a formality. Attention has now…
(Reuters) -AMD shares rose nearly 5% in premarket trading on Wednesday, a day after it laid out ambitious plans to reach $100 billion in annual data center revenue in five years by taking a bigger slice of the AI market from Nvidia. CEO Lisa Su said on Tuesday the market for the company’s data center…