Tech Up as Tesla Rallies on Trump Victory -- Tech Roundup
Shares of technology companies rose as traders bet the second Trump administration would ease antitrust pressure on Big Tech. Shares of Tesla surged amid prospects that Elon Musk's electric car maker ...
Materials Up as Growth Hopes Offset Dollar Strength -- Materials Roundup
Producers of metals and other raw materials rose as economic-growth optimism offset the impact of a spike in the U.S. dollar. Copper futures slid 5% amid fears that Donald Trump would follow through ...
Consumer Cos Up After Trump Victory -- Consumer Roundup
Consumer companies rallied as traders bet Donald Trump's victory would lead to another era of conspicious consumption in the U.S. The Federal Reserve is widely expected to cut interest rates by a ...
Energy Surges After Trump Victory -- Energy Roundup
Shares of energy companies surged as traders bet Donald Trump would open up more drilling. Oil futures shed most of their losses after initially being pressured below the psychologically significant ...
Costco shoppers stocked up on supplies as hurricanes, port strike hit. The trend hurt sales in October.
The warehouse retailer says demand was “negatively affected” by “abnormal consumer activity” tied to the September events.
Wolfspeed to Reduce Headcount by 20%
Wolfspeed said it is reducing its headcount by 20% over the next six months as it reduces its manufacturing capabilities in the midst of a restructuring plan. The developer and manufacturer of ...
Arm says it’s fueling many AI needs, but its stock shrugs off an earnings beat
The chip designer logged $514 million in royalty revenue for the fiscal second quarter, up 23% from a year before and ...
Gilead Sciences Post Higher 3Q Revenue, Raises FY Guidance
Gilead Sciences posted higher revenue and raised its full-year outlook due to strong demand in the third quarter. The biopharmaceutical company on Wednesday reported third quarter net income of $1.25 ...
TKO Group Swings to 3Q Profit, Posts Higher Rev on Live Events, Brand Partnerships
Chief Executive Ariel Emanuel said the company expects to deliver the upper end of its full-year revenue outlook, thanks to continued momentum in live events and brand partnerships. TKO Group ...
Dow Jones jumps 1,508 points to seal largest post-election advance since 1896
U.S. stocks completed a momentous trading session on Wednesday, with investor optimism over Donald Trump's presidential-election victory fueling the biggest post-election jump in the Dow Jones ...
Harris says nation must accept election results, urges supporters to keep fighting
Kamala Harris said Wednesday that “we must accept the results of this election” as she encouraged supporters to continue ...
NAB Raises Dividend Despite a 6.1% Fall in Annual Profit -- Update
SYDNEY--National Australia Bank raised its dividend despite a 6.1% fall in annual profit on lower lending margins and higher costs.