Nvidia stock popped. Anthropic filed for an IPO. Oil is swinging. June is off to a wild start
Anthropic filed for an IPO, while Google parent Alphabet said it would raise $80 billion from stock sales to fund its AI buildout
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HPE stock soars after blowing past earnings expectations on AI demand
The company raised its full-year earnings guidance by $1 per share and said it is now two years ahead of its long-term financial plan
Nvidia CEO Jensen Huang calls Marvell the next trillion-dollar company. The stock soars
Nvidia entered into a broader partnership with Marvell earlier this year that included a $2 billion investment in the company
Strategy sold bitcoin for the first time since 2022 to cover preferred stock dividends
The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins last week for $2.5 million to fund distributions on its preferred stock
Anthropic files for an IPO that could make history
The filing comes as Anthropic, which makes the increasingly popular Claude AI chatbot, has seen a surge in demand for its AI products
Oil surges almost 8% as the U.S.-Iran ceasefire deal risks collapsing
Iran said negotiators would not meet with U.S. officials until Israel stopped attacks in Gaza and Lebanon and pulled back from occupied Lebanese territory
Wall Street closed May at record highs on AI and Iran hopes. Now the war is flaring again
Markets had ended the month at fresh highs after the U.S. and Iran reached a 60-day memorandum of understanding to extend a ceasefire
Money & Markets
Tuttle Capital Management CEO Matthew Tuttle on what’s fueling Dow’s record
Tuttle Capital Management CEO Matthew Tuttle on what's fueling Dow's record
Money & Markets
Kohl’s stock surged after the retailer beat expectations and posted its best sales performance in four years
The department store chain lost 13 cents per share in its fiscal first quarter, beating analyst expectations of a 19-cent loss
Money & Markets
The Fed’s preferred inflation gauge is running at its hottest pace in 3 years
The April PCE report is the first inflation reading released since Kevin Warsh became chair of the Federal Reserve
Money & Markets
Snowflake stock rockets after an earnings beat and a $6 billion Amazon cloud deal
The cloud data company reported $1.39 billion in first-quarter revenue, up 33% year over year, and lifted its full-year product revenue guidance to $5.84 billion
Money & Markets
Salesforce posted a record quarter and beat earnings estimates. But soft guidance stalled the sto — but soft guidance tempered the rally
The cloud software company reported $11.1 billion in first-quarter revenue, but its full-year outlook landed just below Wall Street expectations
Money & Markets
Burlington Stores surged past earnings expectations and lifted its full-year outlook
The off-price retailer posted a 26% jump in adjusted earnings per share and lifted its full-year adjusted EPS guidance to $11.45–$11.80
Money & Markets
The Fed’s favorite inflation gauge is expected to hit 3.8% and Iran keeps the markets moving
The S&P 500 is on track to end an eight-session winning streak as traders also await April PCE inflation data expected to hit 3.8%
Money & Markets
Wall Street expert Jay Woods dissects what’s driving latest tech rally
Wall Street expert Jay Woods dissects what’s driving latest tech rally
Money & Markets
DigitalBridge is acquiring power infrastructure investor ArcLight for up to $1.05 billion
The deal includes a $650 million base price plus up to $400 million in contingent consideration, and is contingent on SoftBank's pending acquisition of DigitalBridge
Money & Markets
NYSE market strategist Eric Criscuolo explains what catapulted Dow above 50,700
NYSE market strategist Eric Criscuolo explains what catapulted Dow above 50,700
Money & Markets
U.S. home prices are still rising — but barely, new federal data shows
The Federal Housing Finance Agency reported a 0.1% monthly gain in March, with prices up 1.7% over the past year
Money & Markets
Wells Fargo is offering mortgage incentives to buyers of 3D-printed homes
The bank will provide a 50 basis point lender credit to buyers of homes built with ICON technology and finance builder printer purchases
Money & Markets
BP stock plunges after company ousts its chairman over conduct and governance concerns
BP stock fell as much as 9% in London after the board said it had unanimously removed Albert Manifold with immediate effect
Money & Markets
Oil just fell 6%. Markets are betting Trump’s Iran deal talk is finally real
Brent crude climbed back above $96 a barrel Tuesday after briefly falling below $94 on hopes a deal to end the war was near
Money & Markets
Things you should never buy at Aldi
Here are the groceries and household staples savvy shoppers say you’re better off buying somewhere else
Money & Markets
7 ways to save money
Discover 7 strategies to help you spend less on groceries, bills, shopping, and everyday life without making drastic lifestyle changes
Money & Markets
AmeriVet Securities’ Greg Faranello breaks down latest Treasury yield movement
AmeriVet Securities’ Greg Faranello breaks down latest Treasury yield movement
Business News
Inflation hits Memorial Day weekend
Ground beef prices have climbed to a record $6.90 per pound ahead of Memorial Day, adding another layer of financial pressure for American families
Money & Markets
Consumer sentiment sinks to an all-time low as inflation fears deepen
The University of Michigan index fell to 44.8, its lowest reading since the survey began in 1952, as gas prices near historic highs
Money & Markets
Memorial Day weekend gas prices are the highest they’ve been in years
AAA put the national average at $4.56 a gallon, up $1.38 from a year ago, with the prolonged closure of the Strait of Hormuz driving prices higher