GE Vernova’s (GEV) latest quarter highlights why the power equipment maker is a Wall Street favorite. Shares of the Cambridge, Mass.-based company rallied 15% on Wednesday after orders for gas turbines and other equipment jumped in the second quarter — thanks to the AI-boom build-out of data centers, which have fueled electricity demand. It continued…
BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index…
NEW YORK — U.S. stock indexes drifted to a mixed finish Wednesday after climbing in the morning but then running out of steam. The Standard & Poor’s 500 finished an iota higher, less than 0.1%, after surrendering virtually all of its early gain of 0.9%. But that was just enough to break a four-day losing streak that…