Month: June 2024
Asia-Pacific markets rise as Fed holds rates and shifts dot plot
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets rose on Thursday after the U.S. Federal Reserve held the Federal Funds rate at 5.25% to 5.5%, and shifted […]
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These are the stocks to play the next ‘bottleneck’ in AI, according to the pros
There’s been a lot of talk about artificial intelligence’s current phase: infrastructure building. That has obvious benefits for chipmakers such as Nvidia and hyperscalers like Amazon , Microsoft and Alphabet . Hyperscalers provide the massive cloud computing power needed for AI applications, and analysts have predicted the growing need for more data centers as they […]
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Risky bet in this global hydrogen fuel cell maker could net investors 160%, says RBC
Shares of AFC Energy , a provider of hydrogen-fueled power generation technologies, is expected to more than double over the next year, according to RBC Capital. The London-listed company, founded in 2006, makes a range of proprietary hydrogen fuel cell systems aimed at off-grid and remote power generation for construction, mining, and transportation industries. The […]
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Robotics startup cofounded by Synapse CEO is raising funds with exaggerated promises about GM ties
Essential Points A humanoid robotics startup cofounded by the CEO of bankrupt fintech organization Synapse has canvassed Silicon Valley investors for cash by boasting shut ties and an imminent expenditure from Typical Motors — statements turned down by the automaker. The company, termed Foundation Robotics Labs, is seeking the final $1 million in money for […]
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Top Southwest shareholder signals support for Elliott Management’s activist campaign
Southwest Airlines CEO Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange on Dec. 9, 2021. Brendan McDermid | Reuters A top Southwest Airlines shareholder on Wednesday signaled its support for Elliott Management’s activist campaign to oust CEO Bob Jordan and Executive Chairman Gary Kelly, as the carrier struggles […]
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Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. Here’s how the company did versus LSEG consensus […]
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GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike […]
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Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images […]
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10 U.S. metro areas where rent increased the most over the last 5 years—and one that actually got cheaper
To afford living in a big city like San Francisco, California, you’d have to make double what most Americans earn, according to a May Moody’s Analytics analysis. Despite that, the San Francisco area is the only major metro where rent for one-bedroom apartments has actually decreased since 2019, according to data from Apartment List. Rent […]
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Here’s what’s next for Paramount after Skydance deal is stopped in its tracks
A view of Paramount Studios’s water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | Reuters National Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what’s next for the legacy media giant during […]
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