Morgan Stanley says memory stocks are set for ‘new highs’ and names its top picks
Morgan Stanley analysts say they are expecting the computer memory sector to hit new highs over the rest of 2024, despite investors “generally” not being comfortable buying such stocks at such lofty prices.
S&P 500 closes little changed as investors brace for Fed’s preferred inflation gauge: Live updates
The broad market benchmark ended the session near the flatline as traders remained in a holding pattern ahead of a key inflation report.
Military flees Bolivia government palace after coup attempt fails, general taken into custody
Armored vehicles rammed into the doors of Bolivia’s government palace Wednesday as President Luis Arce said the country faced an attempted coup.
Micron shares slide after revenue forecast fails to top estimates
Micron reported better-than-expected results on Wednesday, but the stock declined on a forecast that was only in line with estimates.
Amazon plans to launch discount store in bid to fend off Temu and Shein
Amazon’s storefront would directly compete with Temu and Shein, two emerging e-commerce sites with ties to China that have grown in popularity in the U.S.
Amazon reaches $2 trillion market cap for the first time
The company joins other tech heavyweights, such as Nvidia, Apple, Alphabet and Microsoft, all of which have crossed a $2 trillion market capitalization.
Google is testing facial recognition technology for campus security, starting at site near Seattle
According to internal documents, Google is testing facial recognition technology at a site in Kirkland, Washington.
Kenya president backs down on tax rises after deadly protests
Kenya’s president on Wednesday withdrew planned tax rises, bowing to pressure from protesters who had launched demonstrations across the country this week.
Italy’s Meloni rattled as European Union negotiators agree deal for bloc’s top jobs
The European Union’s three main political groups have come to an agreement on who will hold the bloc’s top jobs, three officials told CNBC.
Rivian investment a ‘catch-up move’ for Volkswagen that could take years to pay off, advisory firm says
Volkswagen’s $5 billion investment in electrical vehicle startup Rivian is a “catch-up move” for the German automaker, Cyrus Mewawalla says.
