Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Nvidia has made history as the first company to reach a market capitalization of $5 trillion, marked by a significant surge in its stock price following a keynote address by CEO Jensen Huang at a developers conference. Highlighting advancements in AI products and strategic partnerships, Nvidia shares are currently trading at $210, with support levels crucial for investors to monitor at $185 and $165, while a measured move analysis suggests an upside target of $220.
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 8 hours ago
Source: YAHOO
Reported about 8 hours ago
US mortgage rates have fallen to a new one-year low of 6.3%, prompting an increase in refinancing and home purchase applications. This decline, influenced by lower US Treasury yields and easing inflation fears, may signal a recovery for the housing market as sales of existing homes also saw an uptick in September. The Mortgage Bankers Association reported a significant jump in refinancing activities, indicating positive momentum in the real estate sector.
Source: YAHOO
Reported about 8 hours ago
21Shares has filed for regulatory approval to launch a passive exchange-traded fund (ETF) that will track the price of the Hype token, shortly after agreeing to be acquired by FalconX. The U.S. Securities and Exchange Commission is currently reviewing numerous crypto-related ETF filings as institutional interest in cryptocurrencies surges, despite delays due to staffing issues caused by a government shutdown. Hype, a significant player in the cryptocurrency market, has seen its value increase dramatically over the past year.
Source: YAHOO
Reported about 8 hours ago
As third-quarter earnings season unfolds, major companies like Boeing, Caterpillar, and Verizon report significant developments. Boeing sees an improvement in cash flow, helping its stock, while Caterpillar beats profit expectations despite rising manufacturing costs. In the tech sector, Microsoft and Meta report mixed results, with Meta's stock dropping over 8%. Market analysts forecast an increase in earnings per share for S&P 500 companies, indicating continued positive growth despite a slight slowdown from previous quarters.
Source: YAHOO
Reported about 8 hours ago
Source: YAHOO
Reported about 8 hours ago
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
The ongoing government shutdown has entered its second month, causing significant financial strain for federal workers and vulnerable Americans reliant on government assistance programs like SNAP. As funding for food stamps is set to run out, a coalition of states is suing to halt the suspension of benefits. Meanwhile, air traffic controllers join the ranks of federal workers who have missed paychecks, exacerbating travel disruptions. Vice President JD Vance expresses optimism that military personnel will still receive their pay this weekend despite the impasse, while negotiations in Congress remain stalled.
Source: YAHOO
Reported about 9 hours ago
Boeing announced that it has postponed the delivery of its new 777X model to 2027 because of regulatory issues, resulting in a $4.9 billion noncash charge in the third quarter. The company's CEO acknowledged the delays due to extended FAA certifications, impacting Boeing's ability to recover investments in the long-awaited aircraft. Despite this setback, Boeing reported a 30% increase in revenue, aided by a rise in 737 MAX jet production and improvements in its defense division.
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
President Trump is optimistic about finalizing a significant trade deal with China during his upcoming meeting with President Xi Jinping, emphasizing the desire to lower tariffs and address issues like the fentanyl crisis and Nvidia's technology. Meanwhile, the U.S. grapples with tariff-related challenges affecting Canada and its economy, fostering mixed sentiments about trade negotiations amid ongoing global dynamics.
Source: YAHOO
Reported about 9 hours ago
Source: YAHOO
Reported about 9 hours ago
Boeing posted a stronger-than-expected Q3 revenue of $23.27 billion, surpassing estimates while improving its cash flow burn rate under CEO Kelly Ortberg's turnaround strategy. Despite an adjusted loss per share of $7.47, attributed to a delay in the 777X program, the company reported significant improvements in cash flow and delivers 160 jets in the quarter. Challenges remain, particularly with a strike in its defense sector and the ongoing production delays of the 777X.
Source: YAHOO