Costco Wholesale Corp. on Wednesday reported a 9.9% year-over-year sales gain through the final stretch of the holiday shopping season, marked by a big jump in online sales.
Defense company Kratos and subcontractors Rocket Labs and Leidos are involved in a five-year, $1.45 billion U.S. government contract for testing hypersonic missiles.
Retail traders who had developed a taste for gambling on speculative stocks were facing a day of reckoning on Wednesday as many of their favorite trades suffered a startling meltdown.
President-elect Donald Trump Tuesday threatened to place new tariffs on imports from Denmark unless the country gives up control of Greenland, news that dented the stocks of some of Denmark’s most important companies and underscored Trump’s focus on geopolitical competition.
Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
It’s no longer the glory days for the classic 60/40 investment strategy.
Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices are expected to continue to climb after an unanticipated spike in the number of bird flu cases in late 2024 led to a significant drop in the number of egg-laying hens in the United States.
“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.
AMD’s stock just got downgraded, with HSBC warning that the company’s “AI GPU roadmap is less competitive than we previously thought.”
Live-TV streaming offerings are still far cheaper than cable and there may be more affordable bundles.
Investors may look back and “see points in time” when Treasury yields were approaching 5% and investors should have been buying, according to PGIM’s head of global bonds.
The U.S. will honor former President Jimmy Carter, who died on Dec. 29 at age 100, with an official state funeral on Thursday, Jan. 9.
Investors continued to sell off long-dated U.S. government maturities Wednesday morning, sending 20- and 30-year yields further into their highest levels in more than a year on lingering concerns about inflation and the possible impacts of the incoming Trump administration’s policies.
Nvidia’s talk of huge market opportunities in autonomous driving and robotics is “potentially comforting for investors thinking about what might come next for the company,” an analyst says.
This group was first identified by Jefferies in September 2020 and included Nvidia long before the company’s growth explosion began.
Shares of Rigetti Computing, Quantum Computing, IonQ and D-Wave were down sharply after Nvidia’s Jensen Huang said that “very simple quantum computers” could be 20 years away.
“I’m considering downsizing to one car to save about $1,600 a year.”
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.
Advocates accuse Drug Enforcement Administration of blocking the reclassification of cannabis as a Schedule III drug under the Controlled Substances Act.
