News - 2024-11-20

Market News Explorer

Stay informed with the latest market news and analysis.

Hwang was found guilty of fraud in a case that cost Wall Street banks billions of dollars in losses.

In a landmark antitrust case, the government will ask a judge to force the company to sell its popular Chrome browser, people with knowledge of the matter said.

Countries around the world are building new nuclear power stations.

Nvidia has once again turned out quarterly results that exceeded Wall Street's forecasts. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue nearly doubled in the latest quarter from the same period a year earlier, Nvidia reported Wednesday.

Nvidia's stock slid on Wednesday despite issuing an optimistic sales forecast for the AI giant's fourth quarter amid the ongoing surge in demand for chips that enable generative AI.

The moves follow a mixed day on Wall Street.

NVDA
SNOW

The allegations of bribery and fraud are the latest blow for the tycoon, one of India's richest people.

Tens of thousands of users reported that the website and app were inaccessible starting just before 3 p.m. Eastern on Wednesday.

A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car. The Jaguar brand is in the middle of a transition to going all-electric. “Copy Nothing,” marketing materials read.

The Federal Reserve’s top banking regulator said Wednesday he wouldn’t leave before his term was up even if President Donald Trump tried to remove him.

The U.S. Food and Drug Administration issued a warning letter, but not a recall, after microorganisms were found in water samples and finished toothpaste products.

Investors can now trade options for the first time ever in the biggest Bitcoin ETF, iShares Bitcoin Trust, which mature in mid December and January. The fund has been on a tear.

The regulator uses new powers to prevent bonuses being funded from customer bills.

Former member of the Federal Reserve Board of Governors Kevin Warsh, a contender to serve as President-elect Trump's Treasury secretary, recently criticized DEI and said it should not influence monetary policy.

Nvidia will report its Q3 earnings after the bell on today. Here's what is at stake.

The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.

Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.

The government wants to address the loss of social housing, but critics say more action is needed.

Nvidia's results are seen as a reality check on just how important the AI chipmaker is to the rally in stocks.

NVDA
TGT
QCOM

Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022.

The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.

Target CEO Brian Cornell told analysts on Wednesday that there was "continued softness" in certain discretionary categories "as consumers continue to spend cautiously."

Nvidia's results are seen as a reality check on just how important the AI chipmaker is to the rally in stocks.

NVDA
TGT

The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.

Inflation is easing, but many people are still struggling to afford the basics.

The inflation rate has risen, putting pressure on people's finances and casting doubt on interest rate cuts.

XLP
ICLN
XLY

The market rally has been broadening away from Big Tech and Nvidia, its leader. But at the same time, the chip company is still critical to the health of the bull market.

US prosecutors are expected to submit a document Wednesday that could ask for Google's Alphabet parent company to sell off its Chrome browser, among other remedies. Whether that actually happens won't be decided until 2025.

The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence (AI), which could burst abruptly if investors' rosy expectations are not met. The warning came as part of the ECB's twice-yearly Financial Stability Review, a laundry list of risks ranging from wars and tariffs to cracks in the plumbing of the banking system. "This concentration among a few large firms raises concerns over the possibility of an AI-related asset price bubble," the ECB said.

Nvidia's results are seen as a reality check on just how important the AI chipmaker is to the rally in stocks.

NVDA
TGT
CMCSA

The energy supplier agrees to pay after it failed to issue credit to customers cancelling contracts.

Target unsettles investors ahead of the crucial holiday shopping season.

Blackstone is poised to become the majority owner of Jersey Mike’s through an acquisition. FOX Business takes a look at some other well-known companies that Blackstone owns or has a stake in.

Holiday travel is back. Companies, like Uber, are already trying to capitalize on what's projected to be an busy season. AAA already projected a record number of Thanksgiving travelers.

UBER
LYFT

Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.

In Israel, the military is now offering to preserve the sperm of soldiers killed in war. Parents and widows are struggling with the decision.

The struggling rail firm has come up with a plan to help it improve services

Maersk says it will stop using the Port of Felixstowe from early next year.

Ryan McDonnell said the middle of Lidl had a “big male following”.

The pace at which prices are going up is closely watched as it influences the future path of interest rates.

Capital raising activity is set for a rebound in the U.S. amid a global "industrial renaissance," Oaktree Capital Management Co-Chairman Howard Marks says.

XLI
DLR