30-year mortgage rate hits 2-year low
The average rate on a 30-year fixed-rate mortgage was nearly unchanged this week but reached its lowest level in two years. Thirty-year mortgage rates averaged 6.08% as of Thursday, down … Read More
Category: Business
Business
S&P 500, Nasdaq gain as US GDP data, chip stocks lift mood
US stocks jumped on Thursday afternoon, setting the stage for fresh record highs. Investors welcomed a slew of updates, including solid US economic data, Micron’s (MU) upbeat earnings, and China’s … Read More
Meta stock hits all-time high as Wall Street bets on AI vision
Meta stock (META) traded at a new all-time intraday high Thursday, following a developer event that put its artificial intelligence ambitions on display. Shares rose as high as $577 after … Read More
US Justice Department probes Super Micro Computer, WSJ reports
(Reuters) -The U.S. Department of Justice is investigating Super Micro Computer, the Wall Street Journal reported on Thursday, citing people familiar with the matter, sending the AI server maker’s shares … Read More
East Coast port strike looms for first time since 1977. Here’s what to know.
Thousands of dockworkers at every major East and Gulf coast port are girding to strike starting early next week, threatening to close trade gateways that handle about half of all … Read More
Micron stock soars as Q1 revenue forecast tops analyst estimates
Micron (MU) stock surged 17% before the bell on Thursday after the chipmaker forecast higher-than-expected revenue for the upcoming quarter. Micron projected first quarter revenues of $8.5 billion to $8.9 … Read More
5 things to know before the stock market opens Thursday, September 26
Here are five key things investors need to know to start the trading day: 1. Retreat The Dow Jones Industrial Average and S&P 500 both retreated from recent records on Wednesday. The Dow … Read More
Mark Zuckerberg to Be Deposed in Sarah Silverman’s AI Suit: New Updates
Mark Zuckerberg really doesn’t want to have answer some hard questions about Meta‘s Artificial Intelligence push and goals However, a federal judge this week has told the Facebook founder that … Read More
Salt Life apparel brand to close all retail stores after bankruptcy auction
Dozens of Salt Life retail stores across the country are closing following the company’s recent purchase. Hilco Consumer-Retail Group, one of the new owners of the brand, announced Tuesday that it will … Read More
Southwest plans to cut routes by a third in Atlanta, reduce staff
The low-cost carrier plans to eliminate more than 300 pilot and flight attendant positions out of Hartsfield-Jackson early next year, but not eliminate its Atlanta crew base. The cuts were … Read More