ServiceNow Inc. signage during the Nvidia GPU Technology Conference in San Jose, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Software stocks on Thursday slid deeper into an ongoing intense sell-off this year as investors recoiled from the sector on growing fears that artificial intelligence could upend many firms’ business models. The…
The fatal shooting this weekend of a second American citizen by federal immigration agents in Minnesota has forced corporate leaders to do something they’ve rarely done since President Donald Trump returned to office last year: publicly disagree with his policies. For months, executives have kept quiet as the Trump administration expanded its sprawling immigration crackdown….
Check out the companies making the biggest moves in premarket trading: Meta Platforms — Shares jumped 9%. The social media giant called for first-quarter sales to range from $53.5 billion to $56.5 billion, topping the analysts’ consensus call for $51.41 billion. Fourth-quarter earnings came in at $8.88 per share on revenue of $59.89 billion, while…
Check out some of the companies making the biggest moves midday: Intel – The chipmaker climbed more than 11%, boosted by a report from DigiTimes saying Nvidia will shift chip production from Taiwan Semiconductor Manufacturing to Intel in 2028. Taiwan Semi added 1%. ASML — U.S.-listed shares of the semiconductor equipment maker fell more than…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve to stay on hold for the remainder of Jerome Powell‘s term as chair with a more balanced outlook for the economy. “I think I would bet pretty heavily that there’s not another rate cut under Jay Powell,” Gundlach said on CNBC’s “Closing Bell.”…
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy, in Washington, D.C., U.S., Jan. 28, 2026. Jonathan Ernst | Reuters The Federal Reserve wrapped up a two-day policy meeting Wednesday, delivering pretty much what the market expected and…
Check out the companies making headlines in after-hours trading. Microsoft — Microsoft shares dropped almost 7% in extended trading. Cloud growth slowed in the fiscal second quarter , and the software giant gave light guidance for operating margin in the fiscal third quarter. Adjusted earnings came out at $4.14 per share, higher than consensus expectations…
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The…
US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025. Saul Loeb | AFP | Getty Images Federal Reserve Chair Jerome Powell on Wednesday explained his controversial decision to attend Fed Governor Lisa Cook‘s Supreme Court hearing, saying…
