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The world's most valuable company has again defied eye-watering forecasts, delivering a bumper set of financial results.
Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the U.S. Congress House Oversight Committee.
Ankur Crawford, executive vice president at Alger, joins 'Closing Bell' to discuss Nvidia's market activity, the backlash on data centers and more.
I expected “economic D-Day” to hit harder. Instead, the broader markets barely reacted, except for oil and the long end of the yield curve.
President Donald Trump signed an executive order on Wednesday banning the use of some foreign equipment in the U.S. electricity grid, the White House said.
Nuvation Bio Inc. is downgraded to Hold after a >200% share price run, reflecting cautious optimism amid early Ibtrozi launch dynamics. Ibtrozi, now the leading ROS1 TKI in new patient starts, posted $23.2m Q2 revenues with strong first-line uptake, but overall patient starts declined sequentially. NUVB management projects a $3.8bn Ibtrozi peak revenue opportunity, but current sales and analyst estimates suggest a more modest trajectory near $650m.
With election day ten weeks away, the stock market is beginning to care about the midterms. Wall Street is preparing for a range of scenarios, from the possibility of contested or delayed election results to the prospect of a divided Congress.
U.S. stocks ticked down after surprisingly heated inflation data as traders kept their powder dry ahead of earnings from artificial-intelligence bellwether Nvidia after the bell.
As the AI boom is driving one of the biggest data center buildouts in history, Southern Company CEO Chris Womack discusses the utility's growing pipeline of data center projects, its 25-year agreement supporting OpenAI's planned Georgia expansion, and why he says hyperscalers can bear the cost of new infrastructure while putting downward pressure on electricity rates for existing customers. He joins Ed Ludlow on "Bloomberg Tech.
Canadian markets have shown resilience despite U.S. trade pressure. Narrow nature of tariffs will have negative impact but unlikely to derail economy.
The huge surge in capex budgets at the hyperscalers has, to a large part, been driven by what was termed 'vendor financing' back during the Internet boom. As but one example, Oracle has locked in a massive $300B, five-year agreement with OpenAI, driving a surge in capex and debt.
Stocks that pay high dividends and buy back lots of shares, which includes banks, are thriving now.
Don't pay much attention to a seemingly soft 1.5% annual rate of growth for the U.S. economy in the spring. The economy did all right — and it's still growing at a stable pace. The latest update to U.S. gross domestic product, the official scorecard of the economy, showed no change in the second quarter rate of growth.
DICK'S Sporting Goods experienced a dramatic post-earnings decline of over 30% amid heightened market volatility. I previously valued DKS at $145–$150, referencing its strategic acquisition of Foot Locker. DKS's performance is closely monitored in comparison to key competitor Academy Sports and Outdoors.
Harmonic delivered a 54% YoY Broadband revenue surge, double beat in Q2, and raised full-year guidance, yet shares remain flat. HLIT's margins are strengthening, with EBIT margin at 18.1% and management projecting a 4-5x profit increase for the year. Record broadband backlog and strong deployment cycle visibility support the thesis that 2026 marks a new growth phase, not just a rebound.
