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NVIDIA Shares Decline as Pledge to OpenAI Investment Undergoes Scrutiny
NVIDIA shares fell early Monday as investors considered the company’s plan to make a large investment in OpenAI, the maker of ChatGPT. The stock dropped 2.3% to $186.81 in morning trading. Focus has shifted to the relationship between Nvidia and OpenAI after a report on Friday said talks for Nvidia to invest up to $100 […]
Market Insights
Tesla Loses Top EV Spot as BYD Extends Global Lead
Tesla Inc. fell further behind China’s BYD Co. in the global electric-vehicle race after the US manufacturer reported an annual drop in deliveries, underscoring mounting pressure on the company’s growth outlook. The automaker said Friday that vehicle sales declined 8.6% last year, while fourth-quarter deliveries slid 16% to 418,227 units, missing analyst expectations tracked by […]
Boeing Shares Dip After Hours Despite $2.7 Billion Army Contract
Boeing Co. shares slipped in after-hours trading after the company secured a new multibillion-dollar Army contract, underscoring investors’ focus on whether defense work can help stabilize cash flow as its commercial jet business remains under close regulatory scrutiny. Shares of Boeing fell about 0.6% to $217.12 in late trading Wednesday, tracking a broader decline in […]
Howard’s Appliance Files for Chapter 11 After Abrupt Store Closures
Howard’s Appliance, a decades-old home-appliance retailer, has abruptly closed all of its Southern California stores and filed for Chapter 11 bankruptcy, capping a swift collapse that caught employees and customers off guard. The chain, which operated 17 locations across the region, went dark shortly after Black Friday, a timing that has left some shoppers uncertain […]
Donald Trump’s social media company combining with nuclear fusion developer TAE Technologies in a deal worth $6B
Donald Trump’s social media company agreed to merge with nuclear fusion developer TAE Technologies in a deal valuing the combined business at more than $6 billion, a transaction that would create one of the first publicly traded fusion energy companies. Trump Media & Technology Group, owner of the Truth Social platform, said the merger reflects […]
Medline Prices IPO at $29, Marking Biggest US Listing in Four Years
Medline Industries priced its initial public offering at $29 a share, raising $6.26 billion in the largest US IPO in four years and valuing the medical-supplies maker at about $54.5 billion. The company’s shares are set to begin trading Wednesday on the Nasdaq under the ticker MDLN. The offering ranks among the biggest US stock-market […]
iRobot Files for Bankruptcy, Seeks to Assure Customers Roombas Will Keep Working
iRobot Corp., the maker of Roomba robotic vacuums, filed for bankruptcy on Sunday, saying its products will continue to operate normally as the company restructures its finances. The Massachusetts-based company has struggled for years amid intensifying competition from overseas rivals offering cheaper — and in some cases more technologically advanced — autonomous vacuums. Its outlook […]
Broadcom Forecasts $19.1 Billion in First-Quarter Revenue as AI Backlog Reaches Record
Broadcom Inc. projected first-quarter fiscal 2026 revenue of about $19.1 billion, underscoring continued momentum in demand for its artificial-intelligence semiconductors that has driven the company’s backlog to a record $73 billion. Chief Executive Officer Hock Tan said revenue climbed 24% in fiscal 2025 to an all-time high of $64 billion, buoyed by a 65% surge […]
Tech Shares Slide After Oracle’s AI Spending Jolt; Dow Advances
U.S. equities opened mixed Thursday after Oracle Corp.’s latest results injected fresh doubt into the near-term payoff from massive artificial intelligence investments, pressuring the tech complex even as the broader market held up. The S&P 500 slipped 0.4% at the open, edging back from record territory reached earlier in the week. The Nasdaq 100 fell […]
The Federal Reserve is poised to deliver another rate cut, but the bigger question for markets is what comes next
Chair Jerome Powell used last week’s policy meeting to warn investors against treating a December move as a foregone conclusion. Even so, policymakers were widely expected to trim the benchmark rate by another quarter point on Wednesday, marking the third cut of the year and bringing the federal funds range down to 3.50%–3.75%. The Fed […]
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