Nvidia stands to benefit as Meta spurs an even greater AI spending spree
Nvidia is among a number of companies expected to benefit from Meta’s loftier capital-expense budget.
Mortgage rates climb for fourth week in a row, taking ‘the wind out of the sails’ of the housing market
The 30-year mortgage rate is averaging 7.17%, Freddie Mac said in its latest weekly survey on Thursday.
Microsoft set to report earnings after the bell
Microsoft added artificial intelligence talent through a deal with startup Inflection in the quarter, as it worked to sell a productivity chatbot to clients.
Alphabet set to report first-quarter results after market close
Analysts expect a second straight quarter of revenue growth in the low teens as Alphabet rebounds from a historically weak period for expansion.
Caterpillar’s stock is falling toward its worst day since 2020 after earnings
Caterpillar Inc. shares were dropping premarket after the company came up a bit short on first-quarter revenue as sales volumes declined.
3M to recall about 40,000 noise-reducing earmuffs due to risk of overexposing user to loud noise
Earmuffs can develop cracks in the colored portion of the plastic cups, says consumer watchdog
First Citizens’ stock boosted by first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big...
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.
Honda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada to create a "comprehensive EV value chain," the Japanese automaker announced.