Seagate leads memory sell-off as CEO says it would ‘take too long’ to build new factories
Seagate CEO Dave Mosley’s comment sent shares sinking, along with those of Micron, SanDisk and Western Digital.
Nvidia earnings call drama: Will Jensen Huang talk ‘Trump’ and China chips after Xi summit?
Both Nvidia’s earnings and its commentary on its financial report are expected to be big tests for U.S. equities.
Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
Warren Buffett teased to CNBC a ‘tiny purchase’ in March. Berkshire filing may have revealed it
When asked in March whether Berkshire was still putting money to work, Buffett said the conglomerate had made “one tiny purchase.”
Higher aluminum prices are powering one former Dow component. Here’s how to buy for less
Despite elevated aluminum production costs and shipment timing issues, Alcoa (AA) is strongly capitalizing on structurally higher prices.
The EU will cut growth outlook, raise inflation forecast as Iran war drives ‘stagflationary shock’
The commission’s forthcoming spring forecast, released later this week, will see economic growth figures adjusted down and inflation figures up.
Trump administration ends civil, criminal cases against Adani after $10 billion investment promise
The DOJ is also close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S., according to sources.
Bank of England does not need to hike interest rates, says IMF — it may even need to cut
The Bank of England is expected to hold and even potentially hike interest rates this year in response to resurgent inflation sparked by the Iran war.
‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
The Iran war oil squeeze could trigger shortages in Europe within weeks, and keep global inventories depleted until 2027, strategists warn.
Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company
Meta is starting layoffs this week, with 8,000 jobs expected to be cut, as employees brace for a new era of AI.
