There are big cracks in a $7 trillion bull case for stocks to keep rising
Money market cash has been steadily declining as a percentage of the S&P 500's total market capitalization even as the absolute number hits records.
Money market cash has been steadily declining as a percentage of the S&P 500's total market capitalization even as the absolute number hits records.
Broadcom is set to report fiscal first-quarter results after the market closes Thursday, with analysts widely bullish on the chipmaker's stock despite recent losses.
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The server manufacturer was delinquent on its annual financial and quarterly reports but met a Feb. 25 deadline set by Nasdaq to regain compliance.
As the AI boom cycle matures, investors are shifting their focus away from top-line revenue growth and toward bottom-line profits.
IAG, the owner of airlines including British Airways, Iberia and Aer Lingus, reported a 27% rise in annual operating profit to 4.4 billion euros.
Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors, except for communications services. In healthcare, net selling by hedge funds was entirely driven by short positions and ranked close to the highest level seen over the past five years.
Super Micro stock plunged 26% this week, extending the stock’s long streak of volatility as investors weigh the company’s AI-fueled growth against questionable accounting practices, growing competition, and larger economic uncertainties.
KPMG has been granted a license to practice law in the US by the Arizona Supreme Court in a first for a Big Four firm.