Category: Top Story
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Dow Jones, S&P, Nasdaq, Wall Street Futures Signal Slight Gains Ahead
U.S. stock futures suggest a modestly higher open on Friday, as investors look to continue the momentum from Thursday’s strong session. Despite September typically being one of the weaker months for equities, major indexes have trended upward over the past few weeks. Optimism surrounding lower interest rates has bolstered the markets, following the Federal Reserve’s…
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Blackstone names Katie Keenan as new Breit CEO after LePatner’s death – WSJ
Blackstone (NYSE:BX) has selected Katie Keenan to lead Breit, one of the firm’s largest funds aimed at individual investors, following the untimely passing of former CEO Wesley LePatner, the Wall Street Journal reported. Keenan, 41, will additionally serve as the global head of Core+ real estate, managing all lower-risk investments across Blackstone’s $325 billion property…
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Nvidia targets $500M investment in British autonomous driving startup Wayve
Nvidia (NASDAQ:NVDA), the American chipmaker, has entered a letter of intent to potentially commit $500 million to Wayve, a UK-based self-driving technology company, the startup confirmed Thursday. Wayve, currently active in the United Kingdom and United States, is broadening its testing and development programs into Germany and Japan, expanding its global footprint. The potential investment…
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FedEx Shares Climb Premarket as Cost-Cutting Measures Lift Results Above Expectations
Shares of FedEx (NYSE:FDX) rose in premarket U.S. trading Friday after the Memphis-based shipping giant reported quarterly earnings that exceeded Wall Street forecasts and issued a full-year outlook aligning with analyst estimates. The company’s focus on reducing costs helped offset weak international volumes, particularly after the expiration of a tariff exemption for certain low-value products…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip Slightly Ahead of Trump-Xi Call; Key Market Moves
U.S. stock futures dipped modestly Friday after Wall Street’s major indices posted fresh record closes in the previous session. Investors are now anticipating a phone call between President Donald Trump and Chinese leader Xi Jinping, with a potential deal regarding TikTok’s U.S. operations likely to be on the agenda. Meanwhile, FedEx posted quarterly results that…
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Dollar Strengthens on Jobs Report; Yen Rises After BoJ Policy Meeting
The U.S. dollar inched higher on Friday, supported by encouraging employment data, while the Japanese yen gained following a relatively hawkish Bank of Japan meeting. By 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 97.175, recovering from earlier losses that had brought it to…
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Gold Rises Toward Fifth Straight Weekly Gain After Fed Cuts Rates
Gold prices edged up in Asian trading on Friday, extending gains for a fifth consecutive week following the U.S. Federal Reserve’s widely expected interest rate reduction earlier this week. Spot gold increased 0.2% to $3,650.14 an ounce by 02:25 ET (06:25 GMT), after reaching an all-time peak of $3,707.40 on Wednesday. U.S. December Gold Futures…
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Oil Falls as Demand Worries Overshadow Fed Rate Cut Optimism
Oil prices dipped on Friday as concerns about U.S. fuel demand outweighed expectations that the Federal Reserve’s first rate cut of the year would encourage greater consumption. At 0656 GMT, Brent crude futures were down 17 cents, or 0.3%, at $67.27 a barrel, while U.S. West Texas Intermediate (WTI) futures lost 19 cents, also 0.3%,…
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Microsoft to Build “World’s Most Powerful” AI Datacenter in Wisconsin
Microsoft (NASDAQ:MSFT) is set to construct what CEO Satya Nadella calls the world’s most powerful AI datacenter in southeastern Wisconsin, the executive announced Thursday. The facility, dubbed Fairwater, will house “a seamless cluster of hundreds of thousands of NVIDIA GB200s” linked by fiber optic cabling that, in total length, could circle the Earth 4.5 times,…
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Chip Stocks Rally as Nvidia Backs Intel with $5 Billion Investment
Shares in the semiconductor sector gained momentum in premarket trading Thursday after Nvidia (NASDAQ:NVDA) announced a $5 billion investment in Intel (NASDAQ:INTC) and revealed a collaboration to develop next-generation chips for PCs and data centers. Intel led the surge, climbing more than 31% to trade above $32 per share, a level not seen since July…