Powell managed to thread the needle on Wednesday — and stocks loved it. But risks could lie ahead.
Federal Reserve Chairman Jerome Powell managed to thread the needle on Wednesday, so to speak. Investors responded by sending both stocks and bonds higher.
Udemy shifts focus to larger businesses as quarterly losses mount
Udemy says it’s switching gears to serve big businesses only.
Bond ETFs rally as Powell says ‘time is drawing near’ for potential Fed rate cut
U.S. bonds rallied Wednesday, after Federal Reserve Chair Jerome Powell expressed growing confidence the Fed could start lowering interest rates as soon as its next...
Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped
After facing declines in chip shipment counts, now Arm is focusing on higher-value markets, including accelerators for artificial intelligence.
Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
The decision comes as the company reported a second-quarter net loss of $188 million, or $1.96 per share. Excluding items, it earned 4 cents a...
What cash savers and credit-card users can expect if the Fed cuts rates in September
The Fed stayed put for now, but many see a rate cut coming in September.
Trump pledged to build a U.S. bitcoin reserve. Here’s why it may not be a good idea.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Qualcomm’s stock powers higher after upbeat earnings and forecast
Qualcomm Inc.’s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based...
Carvana posts surprise profit as retail vehicle sales rise 33%
Carvana’s stock rallies more than 7% as used-car retailer sees “untapped potential.”