business news
We toured an AI data center to see how our stock names make these facilities work
The part of artificial intelligence that often gets overlooked lives inside data centers like CoreSite’s sprawling complex just outside New York City. CEO Juan Font thinks of his company’s facilities like shopping malls. “You have multiple stores sharing the same building, the same power, the same cooling, but in the digital sense, as opposed to having […]
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Robinhood’s revenue slump exposes crypto’s core weakness
Robinhood’s latest earnings report exposes a structural issue at the heart of crypto: It still struggles to generate stable, nonspeculative revenue despite years of growth, innovation and institutional acceptance. Crypto trading revenue is the lifeblood of platforms like Robinhood (as well as Coinbase , Gemini Space Station and Bullish — all of which will give […]
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PayPal’s new CEO makes Venmo a standalone business unit as potential buyers circle
Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm’s reporting lines to separate Venmo, the popular mobile payments app, from the company’s other operations, CNBC […]
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Fed holds rates steady but with highest level of dissent since 1992
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold […]
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Here’s what changed in the new Fed statement
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in […]
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Traders brace for $800 billion in earnings-related stock movement
Options Action Traders brace for $800 billion in earnings-related stock movement Published Wed, Apr 29 20261:24 PM EDT Oliver Renick@OJRenick WATCH LIVE Source
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James Comey appears in court on Trump seashells threat indictment
FILE PHOTO: Former FBI Director James Comey testified in front of the Senate Intelligence Committee in the Senate Hart building on Capitol Hill, on Thursday, June 8, 2017. Cheriss May | Nurphoto | Getty Images Former FBI Director James Comey appeared in Alexandria, Virginia, federal court on Wednesday, a day after a two-count indictment charged […]
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Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it’s unrealistic
CEO of Paramount Skydance David Ellison speaks on stage during the Paramount Pictures presentation at CinemaCon at The Colosseum at Caesars Palace on April 16, 2026 in Las Vegas, Nevada. Valerie Macon | AFP | Getty Images Paramount CEO David Ellison is trying to do something that no other studio has done in the modern […]
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NXP Semiconductors soars 26%, paces for its best day ever after earnings beat
A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall […]
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Microsoft and Nvidia finally became cheap enough for this value investor – and he plans to buy any dips
One value investor who envied the yearslong rise of artificial intelligence darlings Microsoft and Nvidia has finally found their prices compelling enough to snap up earlier this year. He also said he will be buying any dips. Chris Grisanti, chief market strategist at MAI Capital Management, oversees the MAI Focused Equity Strategy, which has $3 […]
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