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Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
Micron reported a massive earnings beat and issued strong guidance as demand for AI-driven memory chips surges, with revenue nearly quadrupling year-over-year and data center sales exploding.
Bank of England Warns AI Boom Risks Market Shocks
Bank of England governor Andrew Bailey has warned that the AI investment boom could trigger financial market shocks, cautioning that "not everybody always wins" as trillions flow into the sector and m
Kashkari: Inflation 'Still Too High' Despite Softer PCE
Minneapolis Fed President Neel Kashkari said Wednesday that price growth remains a concern at around 3%, calling it 'still too high' despite August core PCE inflation coming in below economist forecas
S&P 500 Dips, Nasdaq Rises on Moderate Inflation Data
The S&P 500 dipped while the Nasdaq rose after a moderate inflation reading on the Fed's preferred measure reduced the urgency for rate hikes, letting markets close out a volatile September with mixed
Cramer says 'frozen' conditions are holding many stocks back. Here's what could change that
Jim Cramer warned that 'frozen' conditions across housing, capital markets, and data centers are weighing on stocks, but told investors not to abandon positions, arguing a geopolitical breakthrough co
Micron Profit, Revenue Surge as Memory Crunch Looks to Last Through 2028 - WSJ
Micron topped Q4 estimates on top and bottom lines and issued strong Q1 guidance, with data center revenue jumping 11-fold as the company projects an AI-driven memory crunch to last through 2028.
Micron Beats, Guides Strong, Stock Barely Moves
Micron posted a strong earnings beat with 11-fold data center revenue growth and upbeat guidance, but the stock barely moved while broader indexes closed mixed and other tech names rose.
Meta stock enjoys best month since 2022 on AI momentum
Meta's stock posted its best month since November 2022, climbing 27% in September as investors cheered the company's AI push, highlighted by the viral debut of its Muse personal AI agent app and aggre
Dow Falls, Nasdaq Pares Gains; Micron Defies Sell-Off on Earnings
Wall Street closed mixed as the Dow dropped and the Nasdaq pared gains amid rising long-end yields ahead of PCE inflation data, while Micron bucked the sell-off by holding firm after a strong earnings
US Bonds in 'Vicious Loop' Selloff
US government bonds are in a selloff that Financial Times calls a 'vicious loop' of selling, as investors push yields higher in what multiple outlets describe as a brutal period for bond markets.
Micron tops Q4 estimates on top and bottom lines, offers strong Q1 outlook - Yahoo Finance
Micron topped Q4 estimates on top and bottom lines, issued strong Q1 guidance, and saw data center revenue jump 11-fold as memory demand drove profit and revenue higher.
Fed Watchdog Clears Powell Renovation of Criminal Wrongdoing
The Federal Reserve's inspector general cleared the Powell-era renovation of two Washington, DC central bank buildings of criminal wrongdoing Wednesday, finding no grounds for a referral despite rough
Two trades that just happened in 'Magnificent Seven' stocks point to big gains ahead
Options traders flooded Alphabet and Microsoft with bullish call bets on Wednesday as softer inflation data pushed the Nasdaq within 1% of its all-time high, with volume running more than 50% above th
CFTC Pushes Rules to Claim Prediction-Market Authority
The CFTC sent the White House two rules on Sept. 28 redefining 'swaps' to cover event contracts, a bid to lock in its authority over prediction markets like Kalshi and Polymarket against state gamblin
SEC Charges MGM, CEO Over SpaceX Pre-IPO Fund Fraud
The SEC charged private fund adviser Meyer Global Management LLC and CEO Owen E.H. Meyer with defrauding investors through funds that held interests in SpaceX and other pre-IPO securities.
Global Stocks End Q3 Near Records as Yields Hit Highs
Global stocks closed Q3 near record highs despite a turbulent quarter shaped by AI volatility, surging bond yields, and crude oil swings, with momentum fading as the market transitions into Q4.
Inflation cooled slightly last month even as consumers stepped up spending - AP News
The Federal Reserve's preferred inflation gauge registered 3.0% in August—much lighter than expected—even as consumer spending accelerated, giving the Fed a mixed but encouraging signal heading into Q
US economy grew at a faster pace than expected in second quarter - Fox Business
The US economy grew at a 2.2% annualized rate in the second quarter, outpacing initial estimates as consumer spending and AI investment lifted output, per multiple outlets.
Fed’s preferred measure of inflation dips to 3.4 percent in August - thehill.com
The Fed's preferred inflation gauge posted a cooler-than-expected August reading, with headline PCE at 3.4% and core inflation at 3.0%, as markets shook off September's volatility and repositioned int
SEC Modernizes Transfer-Agent Rules, Fairmint Warns
The SEC is modernizing transfer-agent rules, but Fairmint's Joris Delanoue warns that fragmented ownership data across token wrappers, SPVs, brokers' internal ledgers, and off-chain databases could cr
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