CashNews.co US stocks gained ground Friday, posting strong weekly wins after Wall Street’s expectations for a jumbo interest rate cut by the Federal Reserve shot up suddenly. The S&P 500 (^GSPC) rose 0.5% while the tech-heavy Nasdaq Composite (^IXIC) climbed 0.7%, registering a fifth day of gains for both gauges amid a comeback for tech […]
CashNews.co Palantir (NYSE: PLTR) has emerged as one of the stock market’s artificial intelligence (AI) darlings. The tech company is known for its complex data analytics platforms. It got its start in the aftermath of 9/11 by providing software to federal intelligence agencies that helped them sift through mountains of data and make connections that […]
CashNews.co The U.S. economy has a history of producing the world’s most valuable companies. United States Steel became the first-ever $1 billion company in 1901, and 117 years later, Apple became the first company in the world to surpass a $1 trillion valuation. Apple is now worth over $3 trillion, but since 2018, tech giants […]
CashNews.co PORTLAND Ore. (KPTV) – The City of Portland Auditorâs Office says there is insufficient evidence that Commissioner Rene Gonzalez violated the cityâs campaign finance law, after the findings of an investigation were released Monday. The investigation centered on a complaint contending that Gonzalez, a Portland mayoral candidate and current City Commissioner, spent over $6,000 […]
CashNews.co Does this sound familiar? The rate of inflation was slowing along with spending by US consumers. So, the Fed cut interest rates by a quarter in July. It did it again in December â and again in January. That was 1995 â and those interest rate cuts sparked the beginning of one of the […]
CashNews.co Stocks finished close to where they started Tuesday as investors expressed uncertainty over the size of the Federal Reserve’s expected rate cut, which is scheduled to be announced Wednesday at the conclusion of the widely anticipated policy meeting. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) lost about 0.2%, reversing momentum […]
CashNews.co Nvidia will start shipping Blackwell in Q4 and will scale it through the next year. Bloomberg/Getty Images Nvidia accelerates two major technology trends Moore’s Law explains that the number of transistors on a microchip roughly doubles every two years while costs stay relatively low. The concept was introduced by Intel Co-Founder Gordon Moore in […]
CashNews.co (Bloomberg) — Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand. Most Read from Bloomberg The home-goods brand, which has for much of a century defined food storage, is planning to […]
CashNews.co Nvidia (NASDAQ: NVDA) stock sent investors on a wild ride so far in 2024. It was trading at a stock split-adjusted price of around $48 at the start of the year. The price got as high as $140.76 at one point in mid-June, then plunged to $99 by early August before recovering enough to […]
CashNews.co – Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025– VWFS continues to lead VWGoA financing solutions for brand and dealer relationships while prioritizing consumer leasing and delivering usage-based products, including mobility solutions RESTON, Va. and SAN FRANCISCO, Sept. […]