Monday’s meltdown was a cold plunge on what had otherwise been a bull market for tech on the belief that AI would usher in a new golden age of worldwide productivity and sector-
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth,
Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.
Buried in a rote US Treasury survey released on the eve of the latest holiday weekend was a question that all of Wall Street wants the answer to: What’s the Federal Reserve’s plan once it’s done drawing down its crisis-era bond holdings?
The cause of death remains unknown and is still being investigated, a source familiar with the matter told The Post, adding that McIntosh was not in the office at the time of his passing.
For years now, those who have worried about the equity market’s overvaluation have been voices in the wilderness. As the bull market continued to power the market ever higher, these worriers were dismissed as paranoid Chicken Littles worried that the sky is falling.
The Wall Street Journal (WSJ) has named Delta the Top U.S. Airline of 2024. The post The Wall Street Journal gave Delta this prestigious award appeared first on The Manual.
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations, but shares fell sharply in trading Tuesday as investors weighed the threat of tariffs that could hit the automaker's business.
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
AI stocks fell across the board as the investment community absorbed news of a potentially more cost-effective Chinese AI model — and began to question the Western world’s gargantuan spending on AI infrastructure.
WEPE’s ICO has raised $61.2 million, averaging $100,000 per hour. With the launch nearing, analysts predict massive growth and set bold price expectations.
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday.