Shares of leading firms nose-dive after Nvidia’s Jensen Huang suggests a generational wait for fully functional quantum tech.
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness. Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation. Fed Governor Christopher Waller said on Wednesday that he expected further rate cuts, adding that the pace of the reductions "will depend on how much progress we make on inflation, while keeping the labor market from weakening."
A Wall Street billionaire who was brought down by his relationship with the paedophile financier Jeffrey Epstein has become the latest wealthy figure to be linked with a takeover of The Telegraph.
Shares of Edison International plummeted Wednesday as its Southern California Edison subsidiary was forced to shut off power to thousands of customers because of the Los Angeles-area wildfires.
US benchmark equity indexes were little changed intraday as markets parsed the latest labor market d
Wall Street analysts rerated Nvidia Corp (NASDAQ:NVDA) after it showcased its Blackwell Geforce RTX 50 series product lineup, AI supercomputer Project Digits, and more at the CES 2025. Rosenblatt analyst Hans Mosesmann maintained Nvidia with a Buy and a $220 price target. CEO Jensen Huang and CFO Colette Kress held court with Wall Street yesterday at CES, as investors were still digesting Jensen’s keynote in Las Vegas. Mosesmann provided his key takeaways from the Financial Analyst Q&A. The AI m
HOUSTON (Reuters) -Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil, the day after the top U.S. oil producer warned that reduced prices and margins could hurt quarterly results. Shares of Exxon declined 1.4% to $107.17 in midday trading. The earnings snapshot from the industry bellwether signaled a tougher quarter for oil producers, which will begin publishing results this month.
Major trading markets and the federal government will take a break Thursday to commemorate the life of former President Jimmy Carter.
Novo Nordisk's U.S.-listed and domestic shares rose Wednesday after analysts from UBS upgraded the Danish drugmaker's stock to "buy" from "neutral," calling the recent sell-off of the stock "overdone."
U.S. equites were slightly lower at midday as the market weighed the latest report on private sector employment and waited for the government's jobs report later this week.