Newswise — AMES, Iowa — Picture 2 a.m. in central Iowa. Almost everyone is asleep. But on a phone on a nightstand, shares of company stock are changing hands. An investor in Seoul may be buying while someone in Des Moines is selling. The market is wide awake. “For generations, U.S. stock exchanges have hit Read More…
WASHINGTON—Union Pacific is seeking to keep video footage of remarks by Chief Executive Jim Vena out of the public record as the railroad and Norfolk Southern press ahead with their proposed merger before the Surface Transportation Board. The dispute centers on comments Vena made in March at a Southwest Association of Rail Shippers conference. Merger Read More…
WASHINGTON—The U.S. Treasury Department announced enforcement actions against Bank of America for violations of federal anti-money laundering and sanctions laws, including failures to report more than $5 billion in suspicious financial transactions. The actions involve three federal regulators and include the third-largest penalty in Treasury history and the largest penalty ever assessed by the Office Read More…
NAVI MUMBAI, India—CoreWeave is expanding into India with plans for a 240-megawatt data center project in Navi Mumbai, adding capacity in one of the world’s fastest-growing markets for artificial-intelligence infrastructure. The company is partnering with AdaniConneX to build three 80-megawatt facilities at the Taloja campus, with the first phase expected to come online by mid-2028. Read More…
(BPT) – Key takeaways The vulnerabilities buried inside legacy systems at every large organization are no longer hidden. While Y2K forced organizations to look honestly at decades of accumulated code, the frontier AI moment is forcing the same reckoning. The organizations responding fastest are the ones that have built the capacity to remediate vulnerabilities at Read More…
Newswise — Honda did not just lend Arizona State University students a lab bench this September. It lent them a hand. A very advanced one. For three weeks, Heni Ben Amor — a professor of computer science and engineering in the School of Computing and Augmented Intelligence at ASU — and his students worked inside the Read More…
(BPT) – Key Takeaways The U.S. aerospace and defense industry needs a skilled workforce, supply chain resilience and continual innovation to remain competitive on the global stage. A new white paper from the Washington Post Creative Group and the Michigan Economic Development Corporation (MEDC) examined four key pillars of today’s defense and aerospace sector: workforce Read More…
(BPT) – Key takeaways: Buying and traditional leasing have long been the two main ways to have an everyday car, but both typically require longer-term financial commitments. More flexible car options are emerging for people who don’t want to commit to the same vehicle for years. Flexcar offers an alternative to buying and leasing, allowing Read More…
(BPT) – Key takeaways Today’s tech-dependent lifestyles, extreme weather events and aging power grids all mean one thing: Backup power is essential. Solar generators provide a noise-free, fume-free battery backup option for power outages. The HomePower Series from Jackery offers a range of power solutions to fit every home, every family and every budget. And Read More…
Newswise — AMES, Iowa — Picture 2 a.m. in central Iowa. Almost everyone is asleep. But on a phone on a nightstand, shares of company stock are changing hands. An investor in Seoul may be buying while someone in Des Moines is selling. The market is wide awake. “For generations, U.S. stock exchanges have hit Read More…
(BPT) – Key takeaways Training only the leadership team in generative AI creates a bottleneck, because the wasted hours live on the front line. Free courses from the AI companies are worth taking, and each one teaches a single platform. AI products change month to month, so the timing of training matters as much as Read More…
(The Center Square) – Twenty-two financial officers from across the U.S. wrote to the nation’s top rating agencies – Moody’s, Fitch, and S&P – asking them to explain the influence ESG policies have had on states’ credit ratings, with the officers detailing what they consider the harm using such “political assumptions” causes to states and Read More…
CHICAGO—Cboe Global Markets has named Catherine Grover executive vice president and chief human resources officer, effective Nov. 16, 2026, as the global exchange operator continues to expand its operations and workforce. Grover will oversee Cboe’s worldwide human resources operations, including talent recruitment, employee development and organizational planning. She will be based in Chicago and report Read More…
WASHINGTON—Union Pacific is seeking to keep video footage of remarks by Chief Executive Jim Vena out of the public record as the railroad and Norfolk Southern press ahead with their proposed merger before the Surface Transportation Board. The dispute centers on comments Vena made in March at a Southwest Association of Rail Shippers conference. Merger Read More…
WASHINGTON—The U.S. Treasury Department announced enforcement actions against Bank of America for violations of federal anti-money laundering and sanctions laws, including failures to report more than $5 billion in suspicious financial transactions. The actions involve three federal regulators and include the third-largest penalty in Treasury history and the largest penalty ever assessed by the Office Read More…
NAVI MUMBAI, India—CoreWeave is expanding into India with plans for a 240-megawatt data center project in Navi Mumbai, adding capacity in one of the world’s fastest-growing markets for artificial-intelligence infrastructure. The company is partnering with AdaniConneX to build three 80-megawatt facilities at the Taloja campus, with the first phase expected to come online by mid-2028. Read More…
GREENWICH, Conn.—Interactive Brokers Group is scheduled to report third-quarter results after the market closes Thursday, giving investors a fresh look at one of the fastest-growing major U.S. brokerage platforms. The company plans to release results at approximately 4 p.m. Eastern time, followed by a conference call at 4:30 p.m. Analysts are looking for earnings of Read More…
TAIPEI—Taiwan Semiconductor Manufacturing Co. will report third-quarter earnings Thursday, giving investors another look at whether booming artificial-intelligence spending is continuing to drive demand for the world’s largest contract chipmaker. TSMC has already reported record third-quarter revenue of about $46.7 billion, up roughly 50% from a year earlier and above market expectations. The result also exceeded Read More…
NEW YORK—JPMorgan Chase will report third-quarter earnings Tuesday morning, putting the nation’s largest bank at the center of Wall Street’s first major test of the new earnings season. JPMorgan is scheduled to release results at about 7 a.m. Eastern time, followed by an earnings call at 8:30 a.m. Wall Street analysts are looking for earnings Read More…
Amazon plans to invest more than $1 billion over the next five years in communities where it operates data centers, as the company responds to growing political and public concern over the rapid expansion of artificial-intelligence infrastructure. The money will support education, workforce training, water and energy conservation projects and other local priorities in areas Read More…
NEW YORK—U.S. stocks ended a volatile week with a strong Friday rally as a weaker-than-expected jobs report eased concerns that the Federal Reserve would raise interest rates again this month. The S&P 500 climbed 0.7% Friday to 7,722.72, leaving the benchmark less than 1% below its record high. The Dow Jones Industrial Average rose 0.5% Read More…
BOISE, Idaho — Micron Technology is scheduled to report fiscal fourth-quarter results Sept. 30, with investors looking for another quarter of rapid growth as artificial-intelligence spending continues to fuel demand for high-performance memory. The Boise-based semiconductor company has already set a high bar. Micron reported fiscal third-quarter revenue of $41.46 billion, up 74% from the Read More…
NEW YORK — U.S. stocks finished a volatile week higher, with renewed enthusiasm around artificial intelligence helping offset concerns over rising Treasury yields, elevated oil prices and the prospect of additional Federal Reserve interest-rate increases. The S&P 500 gained 1.2% for the week, while the technology-heavy Nasdaq Composite rose 2%, including record-high closes earlier in Read More…
Shares have fallen more than 20% from their 52-week high as Costco prepares to report fiscal fourth-quarter results Sept. 24 Costco Wholesale Corp. shares head into Thursday’s fiscal fourth-quarter earnings report trading well off their highs, with investors watching to see whether the warehouse retailer can arrest a monthslong slide ahead of one of its Read More…
Pershing Square Inc. reported higher fee-related earnings and a sharp increase in assets under management during its second quarter, its first reporting period as a publicly traded company following its April initial public offering. The alternative asset manager, led by Bill Ackman, reported second-quarter fee-related earnings of $56.1 million, up 24% from $45.1 million a Read More…
The Federal Communications Commission has approved Paramount Skydance’s request to allow substantial foreign investment in its proposed acquisition of Warner Bros. Discovery, clearing another regulatory hurdle for one of the largest media deals in recent years. The FCC’s Media Bureau approved indirect, non-voting ownership stakes for investors tied to Saudi Arabia, Qatar and the United Read More…
Bloom Energy Corp. is scheduled to join the S&P 500 before Monday’s market open as part of the index’s quarterly rebalance, a shift that could trigger substantial buying from the passive funds that track the benchmark. Inclusion in the S&P 500 typically forces index funds and exchange-traded funds that mirror the benchmark to purchase shares Read More…
U.S. stocks ended a turbulent week on a mixed note as investors digested the Federal Reserve’s first interest-rate increase in three years, a surge in oil prices and renewed pressure from rising Treasury yields. The S&P 500 finished the week down less than 0.1%, while the Dow Jones Industrial Average fell 1.7%. The technology-heavy Nasdaq Read More…
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the latest step in the transition at the top of the $1 trillion conglomerate he led for more than six decades. Buffett, 96, will become chairman emeritus effective immediately, the company said Friday. His oldest son, Howard Buffett, will become Berkshire Hathaway’s new chairman as Read More…
LONDON — Federal Reserve Vice Chair for Supervision Michelle Bowman announced the initial findings of an independent review into the 2023 failure of Silicon Valley Bank, delivering the results in remarks at a luncheon hosted by the Lord Mayor of the City of London at Mansion House. Bowman said she called for an independent review Read More…
S&P 500 rises 0.86%; crude oil retreats after sharp weekly surge; VIX falls more than 11% U.S. stocks rallied Friday, with all three major indexes posting solid gains to close out the week even as they remain below levels reached a month ago. The S&P 500 rose 0.86% Friday to close at 7,656.98, though the Read More…
When President Trump singled out Brad Gerstner during his State of the Union address in February, the venture capitalist rose to a standing ovation. Trump called him “a very tremendous guy” who was “behind it right from the beginning” — a reference to Trump Accounts, the federal child savings program that launched in July and Read More…
U.S. stocks showed improving short-term breadth in the latest session, with more issues advancing than declining on both the Nasdaq and New York Stock Exchange, even as longer-term measures continued to point to a market that remains uneven beneath the surface. On the Nasdaq, 1,623 stocks advanced compared with 1,395 decliners, while 116 were unchanged. Read More…
Oracle Corp. is set to report fiscal first-quarter 2027 earnings after the market close on Sept. 8, a release Wall Street expects to trigger one of the stock’s characteristically sharp post-earnings swings as investors weigh the company’s aggressive cloud infrastructure buildout against near-term margin pressure. Analysts expect Oracle to report earnings of $1.40 per share Read More…
GameStop shares rose after the video-game retailer revised the terms of a convertible-note exchange that will eliminate about $1.4 billion of long-term debt while using relatively little of the company’s cash. Under the amended agreement, noteholders will receive roughly 55.5 million shares of GameStop Class A common stock and about $358.4 million in cash. The Read More…
When two of the world’s biggest trading partners start throwing around 50% tariffs, most investors see trouble. “Shark Tank” investor Kevin O’Leary sees a sale. The Canadian businessman said the escalating U.S.-Canada trade fight could be creating an unusually attractive entry point for investors willing to look past the political noise. Speaking on Fox Business Read More…
Volkswagen has approved a major restructuring plan that would eliminate about 50,000 jobs, cut its model lineup roughly in half and end vehicle production at four plants in Germany as the automaker confronts mounting pressure from lower-cost Chinese rivals and U.S. tariffs. The plan, advanced by Chief Executive Oliver Blume, is aimed at reducing costs Read More…
Snowflake, the cloud-data company based in Bozeman, delivered one of its strongest quarters in recent years, sending shares sharply higher as investors responded to accelerating growth and stronger demand for its artificial-intelligence products. Shares of Snowflake jumped about 17% after the company reported fiscal second-quarter revenue of $1.55 billion, up 35% from a year earlier. Read More…
The U.S. economy added 162,000 jobs in August, a stronger-than-expected showing that offered fresh evidence of resilience in the labor market as manufacturing and construction hiring picked up. The unemployment rate held steady at 4.1%. August payroll growth was well above the average monthly gain over the previous year. The White House pointed to the Read More…
Investors enter the first week of September with a consequential earnings slate led by Broadcom, Dell Technologies and several major software companies, while Friday’s August jobs report adds another potential market catalyst. Dell Technologies is among the major companies scheduled to report Tuesday, Sept. 1. Investors will be watching the company’s AI-server business and PC Read More…
Netflix shares have climbed about 25% from their 2026 low, as investors take another look at the streaming company following a sharp selloff and signs emerge that its advertising business and new partnerships could provide additional avenues for growth. The stock has rebounded from a mid-July low of $65.08 but remains down roughly 34% over Read More…
For most of the past 15 years, the hardest question surrounding Tim Cook was whether he could follow Steve Jobs. He answered it by building a different kind of Apple. Cook didn’t replicate Jobs’s theatrical product instincts or preside over another invention quite as culturally disruptive as the Macintosh, iPod or iPhone. Instead, the industrial Read More…
U.S. stocks ended the week on a softer note Friday, with the major indexes retreating from recent records even as broader market gauges pointed to a resilient run for equities so far in 2026. The S&P 500 closed at 7,711.76, down 0.25% on the day but still up 0.77% over the past five trading sessions Read More…
Walmart Inc. has agreed to pay $50 million to resolve federal allegations that its pharmacies illegally filled thousands of invalid prescriptions for opioids and other controlled substances, the Justice Department and the Drug Enforcement Administration announced. “Today’s settlement proves this Department is committed to putting Americans’ flourishing first,” said Associate Attorney General Stanley Woodward. “Congress Read More…