S&P 500 futures fell early Thursday after the index had a winning session in what has been a volatile week. Futures related to the broad market index down 0.66%, while those connected to the Dow Jones Industrial Average fell 187 points, or 0.45%. Nasdaq 100 futures fell 0.95%. Intel’s stock rose almost 10% during extended…
Intel (INTC) shares rose in extended trading Wednesday after the firm selected Lip-Bu Tan, a former board member and semiconductor industry veteran, as its next CEO. Tan, a former CEO of semiconductor software business Cadence Design Systems (CDNS), will follow temporary Co-CEOs David Zinsner and Michelle Johnston Holthaus, who have held the job since Pat…
According to the most recent figures from the United States, Tesla sales are also declining, mirroring decreases in Europe and China. According to S&P Global Mobility, Tesla car registrations in the United States fell 11% to 43,411 in January compared to the previous year. Though Tesla maintained its lead in US market share at 42.5%,…
The US stock market took a reprieve from two days of selling pressure and finished on a mixed note on Wednesday, March 13, as CPI inflation data came in lower than expected. The S&P 500 was slightly higher, but the Nasdaq Composite index rose substantially by 1.2%, boosted by technology firms. However, a drop in…
U.S. equities plummeted on Tuesday, contributing to the most significant selloff in months, as investors were concerned about the impact of the fresh tariff threats on the global economy. Trading was choppy due to contradictory tariff information, although progress toward a truce between Ukraine and Russia momentarily buoyed equities. The S&P 500 index opened a…
Rigetti Computing, a key player in the quantum computing industry, is making bold moves to overcome financial difficulties. The company has reported increasing losses, but a strategic partnership with Quanta Computer and advances in quantum technology could help turn things around. Financial Challenges Hit Hard Rigetti has been facing a tough financial year. The company’s…
Rigetti Computing (NASDAQ: RGTI), a rising player in quantum computing, has been making headlines recently—not just for its technology but for the dramatic stock movements caused by insider trading and hedge fund activity. Investors are watching closely as company executives and major funds shift their positions. Could this signal something big for the future of…
U.S. equities rose Wednesday as the escalation of U.S. President Donald Trump’s chaotic, multifront trade war held gains in check, and cooler-than-expected inflation data helped halt a steep purchase. The S&P 500 and the Nasdaq ended the day higher, benefiting from a strong surge in tech and tech-related momentum companies. The blue-chip Dow closed the…
According to a Reuters survey released on Thursday, most analysts believe the Bank of Japan will raise interest rates just once this year, most likely to 0.75% in the third quarter. Additionally, according to the study, analysts’ consensus forecast for this year’s rate of wage growth is 5%, which is around the 33-year high from…
On Thursday, prosecutors from Singapore informed a court that $390 million in transactions are involved in a case where Singapore-based companies are alleged to have deceitfully supplied Malaysia with U.S. servers. Three persons are accused of deceiving Dell and Super Micro by stating incorrectly where the servers will be used. Singaporean media have connected the…