Category Archives: Syndicated

S&P 500 futures fall slightly after the broader index rises for a second day: Live updates

(CNBC) U.S. S&P 500 futures fell slightly Wednesday night after the S&P 500 rose for a second day. S&P 500 futures and Nasdaq 100 futures dipped 0.19% and 0.32%, respectively. Dow Jones Industrial Average futures fell 73 points, or 0.18%. […]

Glen Point Capital co-founder avoids prison

(Hedgeweek) Neil Phillips, co-founder of hedge fund firm Glen Point Capital, has been sentenced to probation instead of a two-year prison sentence for manipulating an exchange rate, partly because the victim was Morgan Stanley, according to a report by Bloomberg.  […]

Amazon reaches $2 trillion market cap for the first time

(CNBC) Amazon shares closed up 3.9% to $193.61 on Wednesday, pushing the company’s market cap past $2 trillion for the first time. In crossing the milestone, Amazon joins Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2 trillion or more. Investors have piled into […]

Micron shares slide after revenue forecast fails to top estimates

(CNBC) Micron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was in line with estimates. Here’s how the company did versus LSEG consensus estimates for the […]

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work

(CNBC) Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of hours of labor for the bank’s financial advisors. The assistant, called “Debrief”, keeps detailed logs of advisors’ […]

Nvidia CEO Jensen Huang addresses rising competition at shareholder meeting after historic stock surge

(CNBC) Nvidia CEO Jensen Huang said on Wednesday that the company’s advantage in artificial intelligence chips was due to a bet it made more than 10 years ago, centering on billions of dollars in AI investment and a team of thousands of engineers. […]

Stock futures climb after S&P 500 ends 3-day decline: Live updates

(CNBC) Stock futures rose on Wednesday morning after the S&P 500 rebounded from a rough start to the week. S&P 500 futures inched up 0.1%, while Nasdaq 100 futures gained 0.19%. Futures tied to the Dow Jones Industrial Average were flat. In after-hours action, FedEx popped 14% after issuing […]

Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile

(CNBC) Shares of chip firms in Europe and Asia fell in early trade as investors reacted to Nvidia losing more than $500 billion in market capitalization over three trading days. Some of the stocks recouped losses, however, as shares in the U.S. […]

Bitcoin bounces above $62,000, Solana leads cryptocurrencies higher

(CNBC) Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $62,103.90, according to Coin Metrics. The move coincided with […]

Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%

(CNBC) Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, […]

FedEx shares jump after hours as massive cost-cutting measures kick in

(CNBC) FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, […]

Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates

(CNBC) Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. Futures tied to the Dow Jones Industrial Average added 31 points, or 0.08%. S&P 500 and Nasdaq-100 hovered near the flatline. […]