Home Builder Stocks Rise. It’s a Sigh of Relief After Fed Cut Rates.
The 10-year Treasury yield, which informs the direction of mortgage rates, was heading lower after the Fed’s rate cut.
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QuantumScape Stock Slides Ahead Of Q3 Earnings: What’s Going On?
QuantumScape Corp ( NYSE:QS ) shares are trading lower Wednesday morning as the market anticipates its third-quarter earnings report after the clos…
Why Is Netflix Stock Up Today?
Shares of Netflix, Inc. ( NASDAQ:NFLX ) are rising Friday after the company announced a significant change to its stock. What To Know: Netflix…
Exclusive-Nvidia cuts China prices in Huawei chip fight, sources say
By Fanny Potkin SINGAPORE (Reuters) – Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei, according to sources familiar with the matter. The flattening prices underscore the challenges Nvidia’s…
Gap lifts annual sales forecast on Old Navy strength, shares surge
(Reuters) -Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel. Shares of the company surged 21% after the bell as the Banana Republic owner saw strong spring shopping,…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams could not resolve in time for the planned Monday night lift-off. The latest flight was scrubbed with less two hours left in the countdown as…
‘I am not going anywhere,’ Biden tells MSNBC
WASHINGTON (Reuters) – U.S. President Joe Biden vowed to stay in the presidential race on Monday, saying he is confident the average voter still wants him on the Democratic ticket. “I am not going anywhere,” Biden told MSNBC after calling into the network’s Morning Joe program. He urged anyone who wants him to step aside…
AutoZone’s quarterly profit beats estimates on demand for car parts
(Reuters) – AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive, rose 3.5% to…
OpenAI plans to announce Google search competitor on Monday, sources say
By Anna Tong (Reuters) -OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google. The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is…
China’s BYD postpones plans for 2025 Chile lithium cathode plant
(This May 14 story is being republished with no changes to text) MEXICO CITY (Reuters) – Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm’s Americas head told Reuters on Tuesday. Chile’s economic development agency CORFO last year said production at a…