Business
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It May Be Time To Buy The Dip In These Banking Stocks
When Silicon Valley Bank collapsed, it triggered a domino effect within the banking sector. Signature Bank’s collapse came next, and the banking woes even spread across the Atlantic, touching Credit Suisse and even potentially Deutsche Bank. However, the fears about some of those said to be facing potential issues like a run on their deposits…
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Nashville shooting spurs U.S. schools to review security — again By Reuters
2/2 © Reuters. FILE PHOTO: A vehicle is towed from the property as community members pray while visiting a memorial at the school entrance after a deadly shooting at the Covenant School in Nashville, Tennessee, U.S. March 29, 2023. REUTERS/Cheney Orr 2/2 By Julia Harte and Sharon Bernstein (Reuters) -Security consultant Brink Fidler led the…
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Nvidia (NVDA) Surges As ChatGPT Boom Boosts AI Demand
Nvidia (NASDAQ:NVDA) seems to be the stock to own at the moment with shares up almost 80% year-to-date (YTD). Jensen Huang, founder and CEO of the chipmaker, said the tech company is seeing an increase in demand as customers rush to join the recent artificial intelligence (AI) boom. “We are seeing an acceleration in demand,”…
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Micron just released an objectively horrible earnings report. Why is the stock not falling?
Micron Technology Inc. just reported its worst quarter in history, revealing more than $2 billion in losses in three months and its worst gross margin since the dot-com bust. Yet when the extended trading session ended Tuesday, Micron MU shares were up 1.2%. So what the heck just happened? The… Source
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Does it pay to be a loyal employee? Research says it may just result in extra work
If you’re a loyal worker, you’re also likely to be an exploited worker. That’s the key takeaway from a new study led by Matthew Stanley, a postdoctoral researcher at Duke University’s Fuqua School of Business. Stanley’s findings appeared in a recent issue of the Journal of Experimental Social Psychology — and the title of the…
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Lululemon’s stock soars 13% on revenue, earnings beat
Lululemon Athletica Inc.’s stock vaulted 13% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst revenue and earnings estimates, and offered strong full-year revenue guidance. Lululemon LULU reported fiscal fourth-quarter net earnings of $119.8 million, or 94 cents a share, compared with net earnings of $434.5 million, or $3.36 a…
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Google asks judge to dismiss Justice Department’s lawsuit claiming digital-ad monopoly
Alphabet Inc.’s GOOG GOOGL Google asked a federal judge Monday to dismiss the federal government’s antitrust lawsuit that’s seeking to break up its ad tech business. In a filing late Monday, Google said the Justice Department’s case ignores its ad-tech rivals and that the DOJ has failed to prove it is a monopoly. “In the…
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Diageo CEO Ivan Menezes to retire
Diageo PLC on Tuesday said its Chief Executive Ivan Menezes intends to retire after 10 years in the role, and will be replaced by current Chief Operating Officer Debra Crew. The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka UK:DGE DEO said Mr. Menezes will leave the board on June 30…
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U.S. stock futures stable while tech companies lag after flight to safety
[]U.S. stock index futures were little changed early Tuesday as the market paused after bank angst subsided. How are stock-index futures trading S&P 500 futures ES00, +0.01% added 4 points, or 0.1%, to 4011 Dow Jones Industrial Average futures YM00, +0.04% rose 90 points, or 0.3%, to 32721 Nasdaq 100 futures NQ00, +0.03% eased 32…
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Why EV owners are getting grumpy about home charging
America is steadily switching to electricity for its driving fuel. But the early days of EV ownership are filled with bugs and small frustrations. Even the aspects of the experience that promise to be easy aren’t always easy at first. When J.D. Power analysts studied the experience of using public EV chargers, they found drivers…
