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FINANCE
Dow Jones Futures: Market Rally Holds Key Support, For Now; Two Big AI Losers Late
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Super Micro Computer (SMCI), Celsius Holdings (CELH) and Upstart Holdings (UPST) were notable earnings movers overnight.
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Penn…
Teamsters notified Yellow filing bankruptcy
Yellow Corp. will file bankruptcy according to the International Brotherhood of Teamsters. (Photo: Jim Allen/FreightWaves)The International Brotherhood of Teamsters said late Sunday that it had been notified that less-than-truckload…
Chip CEOs Urge US to Study Impact of China Curbs and Take Pause
(Bloomberg) -- Leaders of the largest US chipmakers told Biden officials this week that the administration should study the impact of restrictions on exports to China and pause before implementing new ones, according to people familiar…
Goldman Sachs Says Buy These 2 Beaten-Down Stocks for Over 40% Upside Potential
Hark back to the start of the year and few saw the markets recovering to the extent they have, particularly after 2022’s overall performance was the worst seen since 2008.But here we are more than six months later and the S&P 500 and…
Wharton’s Jeremy Siegel says the bull run in stocks can go a lot longer even as the Fed wages…
Wharton Professor Jeremy Siegel says the US economy is undergoing a credit crunch.Getty ImagesThe new bull market in stocks has more room to run, top economist Jeremy Siegel said.Siegel pointed to strong momentum, with the S&P 500 up…
Powell Wins Over Bond Traders Dialing Back Bets on Deep Downturn
(Bloomberg) -- The bond market is finally getting in sync with Jerome Powell’s outlook for the economy.Most Read from BloombergTraders have scrapped once-aggressive wagers that the Federal Reserve chief would pivot to easing policy…
The AI Boom Is Not Fully Priced into These 2 SemiCap Stocks, Says Wall Street’s Best Analyst
Trends come and go but the latest craze to take Wall Street by storm is proving quite persistent. AI hype has been all the rage this year and stocks with exposure to generative AI and LLMs (large language models) have been reaping the…
AI bullishness may be setting the stock market up for a ‘Mother of All Melt-ups,’…
Ed Yardeni.Brendan McDermid/ReutersA massive melt-up may be occurring as investors pile into AI-related stocks, Ed Yardeni wrote.Such "Mother of All Melt-ups" tend to occur come at the end of a bull market, he said."We sure hope this…
Dow Jones Futures Rise On Debt-Ceiling Deal; Tesla Leads 9 Stocks Near Buy Points
Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures, with a debt-ceiling deal between President Joe Biden and House Republicans in focus. The Saturday night agreement would head off a looming…
President Biden, Republicans Reach Debt-Ceiling Deal, Avoiding Default
President Joe Biden and House Republicans reached a tentative agreement Saturday night to raise the government's debt limit. The debt-ceiling deal would head off a looming default on U.S. sovereign debt, s good news for the U.S. economy…