Text size The Federal Reserve’s interest rate decision on Wednesday will be the main event of a week with several notable earnings reports and investor days, as well as the latest economic data. The Federal Open Market Committee concludes a two-day meeting Wednesday afternoon, with a decision expected at 2 p.m. ET. President Jerome Powell … Read more
“ “We have major problems in our economy… A lot of people in our economy are obviously not doing well.”” —Carl Icahn That was Wall Street billionaire investor Carl Icahn, speaking to CNBC’s Closing Bell on Tuesday, following the government’s emergency measures to mitigate the impact of one of the biggest bank failures in the … Read more
The main financial reasons for Nvidia Corp. why companies need efficiency is not to spend less money, but to spend more on technologies like artificial intelligence, even as chip sales dry up. “AI is at an inflection point”, Nvidia’s NVDA, -1.41% Colette Kress said Monday at Morgan Stanley’s Technology Media and Telecom conference. “We have … Read more
The time of dreams Text size There are many pitfalls when it comes to mixing form and function, but the latest wave of “Westerncore” sweeping the United States seems to have lasted. The rush for crew-neck coats and snap-button shirts, sparked by the success of TV shows like Yellowstone, is one more feather in the … Read more
caterpillar Inc. CAT 1.24% said he had agreed not to close other factories represented by the union as part of a tentative new contract with members of the United Auto Workers union. The moratorium on plant closures, announced last week, follows years of Caterpillar CAT 1.24% consolidate operations and move production away from unionized yards … Read more
Virginia Governor Glenn Youngkin recently made national headlines when he rejected a Ford Motor F, +2.19% factory in a troubled part of the state, owned by Ford’s partnership with Contemporary Amperex Technology Co. 300750, -1.06% (CATL), a Chinese manufacturer of batteries for electric vehicles. Youngkin said the proposed factory was a “front for the Chinese … Read more
Text size The end of the fourth quarter earnings season and several economic indicators will be the highlights of this week. With approximately 35 companies to report, S&P500 earnings are down more than 3% from the same period a year ago, according to Refinitiv. western oil , Working day , And Focus on video communications … Read more
Enphase sees strong demand for its American-made equipment for solar panels. Courtesy of Enphase Text size A boom in clean energy manufacturing is underway in the United States. Factories are suddenly producing everything from solar and wind equipment to batteries and low-carbon fuels. Corporate investment dollars, boosted by new tax breaks, are transforming the United … Read more
Text size Intel lost market share and struggled to meet Wall Street earnings targets. David Paul Morris/Bloomberg Intel cut its dividend. In a dangerous environment for the economy and profits, more companies could do the same. On Wednesday, Intel (ticker: INTC) slashed its dividend by 66% to 50 cents a year per share, helping to … Read more
Boeing Co. BA 1.15% halted deliveries of 787 Dreamliner jets due to a documentation issue, according to the Federal Aviation Administration. The aircraft manufacturer has not delivered a Dreamliner since Jan. 26 from the production line or among dozens in storage awaiting delivery, aeronautical data provider Ascend by Cirium said. Boeing said last week it … Read more