U.S. stocks had a massive day on Wednesday in the aftermath of the U.S. presidential elections. All three major indexes soared to new records, including a massive jump of more than 1,500 points by Dow Jones Industrial Average.
Dow Jones reached an all-time high of 43,771.06 and closed at a...
Forum-style social media platform Reddit overwhelmingly beat the analysts’ estimates with its third-quarter earnings while reporting a profit for the first time ever. This caused the company’s stock to skyrocket by 42% on Wednesday.
Reddit had revenue of $348.4 million for the third quarter of fiscal 2024, marking a 68%...
Electric vehicle maker Lucid announced on Wednesday that it plans to sell 262.4 million common stock shares via public offering. The announcement sent the company’s stock down by more than 15% in after-market trading.
According to the company, BofA Securities, its sole underwriter, will receive a 30-day option to buy...
Investors are eagerly anticipating the release of the minutes of the Federal Reserve's latest policy meeting, due later on Wednesday. With the Fed deciding to implement a 50 basis point interest rate cut, investors will be interested to know just how split the central bank policymakers were in reaching...
Shares of computer memory maker Micron Technology surged by 14% in after-market trading on Wednesday after the company predicted record revenue for its first quarter of fiscal 2025.
Micron has benefited from the artificial intelligence boom, considering it is one of only three producers of high-bandwidth memory (HBM), a crucial...
Chipmaker Nvidia’s earnings for the second quarter of fiscal 2025 comfortably beat the analysts’ estimates. However, the market didn’t react in the expected way, with the company’s shares trading 7% down after hours of trading.
Nvidia’s Q2 results featured 68 cents in adjusted earnings per share and revenue of $30.04...
Stocks of notable chipmakers Nvidia and Advanced Micro Devices (AMD) have plunged in recent weeks after reaching their all-time highs earlier this year. According to analysts from investment bank Piper Sandler, this offers a “tremendous opportunity” for investors to add chip stocks to their portfolios.
Piper Sandler analysts remain bullish...
Warren Buffett’s conglomerate Berkshire Hathaway continues to shed its Bank of America stock holdings. According to a regulatory filing made early this week, Berkshire sold 18.3 million BofA shares worth roughly $766 million.
Berkshire started unloading its BofA shares in mid-July, selling a total of 71.2 million shares and netting...
Stocks on the New York Stock Exchange opened lower on Wednesday after the corporate earnings season got off to a disappointing start. The benchmark S&P 500 slumped by 1.4%, while the tech-heavy Nasdaq Composite index plummeted 2.1% lower. The Dow Jones Industrial Average slipped 0.9% lower.
Google holding company Alphabet...
U.S. stock had a mixed day on Wednesday, with tech-heavy Nasdaq Composite having its worst performance since 2022, the benchmark S&P 500 falling by 1.4%, and blue chip Dow Jones Industrial Average setting another record.
Tech stock fell sharply on concerns that chip exports to China will come under even...