Business

Just a few months ago, Federal Reserve Chairman Jerome Powell was looking quite prescient. After being criticized for years by economists, Wall Street titans, and CEOs for mistakenly labeling inflation as “transitory” in 2021, Powell’s response to his inflation predicament—rapid interest rate hikes—managed to quash the bulk of consumer price increases by the end of […]

Devin Nunes, chief executive officer of Truth Social, speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Thursday, March 2, 2023.  Al Drago | Bloomberg | Getty Images Citadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent to the Nasdaq that mentioned Citadel Securities […]

Devin Nunes, chief executive officer of Truth Social, speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Thursday, March 2, 2023.  Al Drago | Bloomberg | Getty Images Citadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel […]

A Lululemon sign is seen at a shopping mall in San Diego, California, U.S., November, 23, 2022.  Mike Blake | Reuters Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed on Friday. The athletic apparel retailer […]

Two more insurance companies are ending property insurance coverage in California, adding to the growing list of insurers fleeing the state in what has become an escalating crisis. Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., both owned by Japanese firm Tokio Marine Holdings Inc., filed notices to California’s Department of Insurance saying […]

(Bloomberg) — Super Micro Computer Inc. shares are seeing their biggest drop in about two months on Friday, leading a sharp decline among technology stocks with exposure to artificial intelligence. Most Read from Bloomberg The maker of servers sank as much as 20%, its biggest intraday drop since August. The stock is also trading at […]

There’s been heavy focus on the breakout in gold above the four-year resistance level of $2,100. Many are attributing the move to persistent inflationary pressures driven by a defensive, risk-off tone. This may be partially accurate, but I think there’s more to the story. If you look at the other metals like copper and steel […]

(Reuters) -Shares of Donald Trump’s media and technology company rose over 3% on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called “naked” short sellers. Trump Media & Technology Group wrote to Nasdaq CEO Adena Friedman alerting the exchange to “potential market manipulation” in the stock, […]

(Reuters) – Shares of Donald Trump’s media and technology company were up more than 3% on Friday after it asked the Nasdaq exchange to help prevent “naked” short-selling in its shares. Trump Media & Technology Group has alerted the CEO of Nasdaq of “potential market manipulation” in its shares, it disclosed in a filing with […]

Recently red-hot Super Micro Computer (NASDAQ: SMCI) stock — up 765% over the last 52 weeks — turned ice cold Friday, falling 17.2% through 11:20 a.m. ET. And believe it or not, Wells Fargo is to blame. This morning the bank reiterated its equal weight (i.e., hold) rating on the popular artificial intelligence (AI) stock, […]

Legendary investor Warren Buffett offered straightforward investment advice during an appearance, on CNBC’s “Squawk Box,” which followed the release of Berkshire Hathaway Inc.’s annual shareholder letter. Buffett’s advice centered on an investment strategy for his wife, Astrid, guided by the instructions he had laid out in his will. Don’t Miss: In the interview, he said […]

Xinhua News Agency | Xinhua News Agency | Getty Images Calling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of the Labor Department. That’s because most of the past several weeks have shown that first-time claims for unemployment benefits haven’t fluctuated at all […]