The numbers: A strong U.S. economy and concerns about a potential U.S. default on its debt pushed mortgage rates higher this week. The 30-year fixed-rate mortgage averaged 6.57% as of May 25, according to data released by Freddie Mac on Thursday. It’s up 18 basis points from the previous week…
Nutanix Inc. gave an upbeat outlook for its fiscal fourth quarter Wednesday, and its shares were surging in the aftermarket. The cloud-platform company reported a fiscal third-quarter net loss of $81.2 million, or 35 cents a share, compared with a loss of $112.0 million, or 50 cents a share, in…
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House Speaker Kevin McCarthy on Wednesday made an effort to address concerns among investors that a divided Washington won’t be able to make a deal on a debt-ceiling increase and thereby avoid a market-shaking default. “We are working night and day. I would not, if I was in the markets,…
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If the U.S. government cannot pay all its bills because of a debt-ceiling impasse, household borrowing costs could soar, the job market could shed millions of jobs and stock-market valuations could shrink, according to forecasts.The consequences of a prolonged default could be grim, according to Moody’s Analytics. The projected fallout…
Dear Quentin, My sister and I, both adults who are married, have run into some major problems in our relationship with each other. We have always been close but we grew up in a tumultuous household that has left us both with deep emotional scars. Recently, she has decided to…
Nvidia Corp. headed toward market-capitalization gains of nearly $200 billion in after-hours trading Wednesday, which could put the chip maker within sight of becoming only the seventh U.S. company to top a valuation of $1 trillion. Nvidia shares NVDA, -0.49% jumped 25% in the extended session Wednesday, after executives predicted…
“‘Icahn’s favorite Wall Street saying: “If you want a friend, get a dog.” Over his storied career, Icahn has made many enemies. I don’t know that he has any real friends. He could use one here.’” — Bill Ackman, Pershing Square Capital Management That was billionaire hedge-fund manager Bill Ackman,…
Nvidia Corp. executives predicted record revenue well beyond anything the company has experienced Wednesday, pushing shares toward all-time highs, as margins improve with AI-driven data-center sales. Nvidia NVDA, -0.49% guided for second-quarter revenue of $11 billion, plus or minus 2%; the chip maker has never before reported quarterly revenue higher…