Arm shares soar as much as 41% after chip designer gives strong forecast, says AI is boosting sales
Arm’s intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
Goldman warns these are the most crowded AI-related stocks
The enthusiasm around artificial intelligence has run up the prices for some stocks so high that investors are worried they are becoming overcrowded.
U.S. engineer contacted China before stealing missile tracking tech, DOJ says
The top federal prosecutor in Los Angeles said the engineer earlier offered to give China information that could aid its military.
GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
The contract is likely one of the largest EV supply deals that GM has signed and suggests it remains committed to EVs despite pushing back investments.
Morgan Stanley hikes Nvidia price target ahead of earnings: ‘AI demand continues to surge’
The firm raised its price target to $750, implying around 10% upside from Tuesday’s close.
These stocks could be the hardest hit if Treasury yields don’t come down, says Piper Sandler
If high Treasury yields persist, Piper Sandler thinks these stocks could see downside.
Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts
“Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” Kashkari said during a CNBC “Squawk Box” interview.
Trump-admiring populist Milei lashes out at Argentina’s governors after major reform bill setback
Argentina’s president, Javier Milei, has accused governors of seeking “to destroy” his major economic reform bill.
Weekly mortgage demand from homebuyers is flattening as interest rates rise
Mortgage demand is struggling to contend with a what now appears to be another upswing in interest rates. Homebuyers in particular are pulling back.
Yum Brands disappoints as Middle East conflict weighs on sales growth
Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023.
