business news
We’re booking a 375% gain in a stock to raise cash for unloved names
We are selling 25 shares of Broadcom at roughly 418.57. Following the trade, Jim Cramer’s Charitable Trust will own 365 shares of AVGO, decreasing its weighting in the portfolio to roughly 4% from 4.30%. Semiconductor stocks are having another strong day in the market, thanks to Intel’s positive commentary about central processing unit (CPU) demand […]
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AMD shares soar 12% on no company news. Here’s what has investors so excited
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were […]
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Wall Street’s ‘fear gauge’ is doing something unusual. What it means
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026. Jeenah Moon | Reuters Something interesting is happening in the options market. The S&P 500 touched record highs Thursday morning, but the Cboe Volatility Index (VIX) remained stuck near 20 and is up from […]
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DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Kevin Warsh, nominee for chairman of the Federal Reserve, arrives for his Senate Banking, Housing and Urban Affairs Committee confirmation […]
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Musk v. Altman heads to court next week. Here’s what’s at stake
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman, […]
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Iran’s top diplomat expected in Pakistan Friday night to discuss peace plans: MS NOW
Iran’s Foreign Minister Abbas Araghchi is expected to head to Islamabad Friday night to discuss the next steps in stalled peace negotiations with the U.S., a Pakistani official involved in the matter told MS NOW. Araghchi and a small team are expected to talk with Pakistani mediators about a potential second round of negotiations with […]
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FDA fast-tracks psychedelic drug research following Trump executive order
FILE PHOTO: Psilocybin or “magic mushrooms” are seen in an undated photo provided by the U.S. Drug Enforcement Agency (DEA) in Washington, U.S. May 7, 2019. DEA | Reuters The U.S. Food and Drug Administration on Friday announced a series of measures aimed at accelerating the development of psychedelic treatments for serious mental illness. That […]
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Meta will adopt hundreds of thousands of AWS Graviton chips in latest AI infrastructure grab
Around 3.6 billion people use Meta’s applications every day, and the social networking company will be operating 32 data centers to handle the load with the completion of a new one in Oklahoma. But that’s not enough. Amazon’s cloud unit said Friday that Meta has agreed to use Amazon’s general-purpose Graviton chips in a deal […]
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Treasury yields little changed after Israel-Lebanon ceasefire announcement
Lebanon Ambassador to the US Nada Hamadeh Moawad speaks to reporters after a meeting with US President Donald Trump, Lebanon Ambassador to the US and Israel Ambassador to the US, at the White House in Washington, DC on April 23, 2026. Mandel Ngan | AFP | Getty Images U.S. Treasury yields were little changed on […]
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Procter & Gamble earnings beat estimates as sales grow 7%
Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations, as volume for its products grew for the first time in a year. Shares of the company rose roughly 4% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: […]
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