Finance
As regime change looms at the Fed, one candidate emerges as frontrunner for chair
Key Points National Economic Council Director Kevin Hassett has been dubbed the clear favorite for the next Federal Reserve chair. Asked Sunday about the situation, Trump told reporters aboard Air Force One, “I know who I am going to pick, yeah. We’ll be announcing it.” Whomever the actual pick is will take over a Fed […]
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Stocks making the biggest moves midday: Synopsys, Disney, DoorDash, Strategy & more
Check out the companies making headlines in midday trading Old Dominion Freight Line — Shares of the less-than-truckload freight carrier rose more than 5% after being upgraded to outperform by BMO Capital. The analyst cited an improving backdrop for its business, plus an opportunity brought on by a more than 40% pullback in the stock […]
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Stocks making the biggest moves premarket: Synopsys, Moderna, Micron Technology, Wynn Resorts, Coinbase and more
Check out the companies making headlines before the bell. Synopsys — The developer of design automation models and software jumped 8% after Nvidia invested $2 billion in Synopsys common stock at $414.79 per share as part of a broad strategic partnership. Leggett & Platt — Shares rose 14% after the furniture component manufacturer received an […]
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Stocks making the biggest moves premarket: CME Group, Tilray Brands, SanDisk & more
Check out the companies making headlines before the bell. SanDisk — The maker of flash memory products, including memory cards, climbed more than 4%. The stock, spun off from Western Digita l last February, enters the S & P 500 on Friday. Tilray Brands — The cannabis processor and owner of Montauk Brewing slid 14% […]
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Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more
Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to […]
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Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations
watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos The fight between Nvidia and one of its loudest naysayers, investor Michael Burry, is escalating. Following the “Big Short” investor’s series of social media posts arguing that the artificial intelligence investment boom is replaying the dotcom bubble from […]
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