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Bank of America raises forecast for GE Vernova stock
GE Vernova (GEV), a maker of energy turbines and grid equipment, has also come under pressure. The company has increasingly been viewed as an AI play because of the enormous amount of electricity
How investors can take advantage of a quirky midterm election cycle
Historically, stock-market performance in midterm election years, or the second year of a presidential term, tends to be the weakest in a four-year presidential term cycle. Since
Walmart’s women truckers surge thanks to $115,000 starting pay and other perks bringing in nontraditional candidates
While the rest of the trucking industry faces a driver shortage, Walmart has managed to boost its driver numbers with six-figure starting pay and other perks that are catching the eye of even non
Adults 60 and older reported losing $2.4 billion to fraud in 2024
One disturbing scam involves crooks who impersonate officials to convince consumers that they must withdraw money from accounts to protect it.
Nike earnings top expectations. Why the stock is down.
Although the company topped earnings and revenue expectations, the stock ticked lower in after-hours trading Thursday, reflecting investors’ disappointment over declining profits and lackluster sales
Instacart settles with FTC over deceptive practices but still faces questions about pricing
Delivery company Instacart will pay $60 million in customer refunds under a settlement reached with the Federal Trade Commission over alleged deceptive practices. The FTC said Thursday that Instacart
CEO of nuclear fusion firm Trump Media is merging with in $6 billion deal: High-velocity capital is critical and concerns are secondary
The financially struggling Trump Media & Technology Group’s shocking, $6 billion merger with a nuclear fusion developer represents either a bet on more taxpayer dollars being invested in the first
Cooling inflation could pave the way for Fed rate cuts
What This Means For The Economy Price increases cooled unexpectedly in November, which could ease inflation fears for Fed officials and justify cutting interest rates to preserve the job market.Fed
Average US long-term mortgage rate edges lower, remaining near its low for the year
The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last
Mortgage rates slip, sticking near 2025 lows
The average rate on a 30-year fixed mortgage fell this week to 6.21%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.22%.
Wells Fargo’s investment bankers are having their best year ever
Wells Fargo is ranked seventh on the U.S. M&A league tables, compared with 14th last year, according to data from LSEG. That is the highest it has been since LSEG’s records began in 1980. Bankers
Elon Musk's net worth soars, now more than double his closest rival’s as Tesla stock continues to surge
Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.
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