Tech Stocks Could See A Brexitlike Rerun This Fund Manager Says A Big Test Is Brewing
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CBS News - Top stories
How big tech is addressing the rising energy demands of its data centers
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is ...3 hours ago -
CNBC - Business
Activist Engaged Capital has nearly 10% stake in Portillo's, pushes for a turnaround, sources say
Activist investor Engaged Capital has built a big stake in struggling Chicago food chain Portillo's and is pushing for change, sources said.4 hours ago -
The Wall Street Journal - World
Systemic Test Racism in Chicago
Chicago Teachers Union President Stacy Davis Gates says black students can’t succeed on tests.5 hours ago -
ABC News - World
Venezuela's opposition faces setback after countries suggest repeat of presidential election
Venezuela’s opposition has been dealt a blow as countries that had been pressuring President Nicolás Maduro to release vote tallies backing his claim to victory in last month’s presidential election are now suggesting the possibility of repeating ...5 hours ago -
MarketWatch - Business
The S&P 500’s recovery could be a new buying opportunity — just watch your step
NYSE new highs vs. new lows indicator and the S&P 500 are showing strength. Plus, Chipotle looks tasty.5 hours ago -
CNBC - Business
Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: 'You know what to do in the stock market'
Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn't giving investment advice, Nvidia is the top beneficiary of the AI boom.8 hours ago -
MarketWatch - Business
Cisco gets back on track — and it could spur the stock’s best day in 4 years
Cisco’s business “has bottomed and is trending in the right direction,” one analyst says.9 hours ago -
CNBC - Business
'I see a lot of denial': C-suite advisor says business bosses still expect a Trump win
U.S. business leaders are "in denial" about Kamala Harris' growing lead over Donald Trump, according to C-suite advisor Tina Fordham.10 hours ago - Donald Trump -
MarketWatch - Business
Mortgage rates inch up after a big plunge last week. Rates ‘will likely trend down in the coming months,’ Freddie Mac says.
The 30-year mortgage rate is averaging at 6.49% Freddie Mac said in its latest weekly survey on Thursday.10 hours ago - Mortgage -
MarketWatch - Business
Dillard’s stock slides 8.5% after earnings miss as consumers continue to shun clothing purchases
By category, cosmetics was the strongest performer, while mean’s clothing, accessories and shoes were the weakest.11 hours ago -
MarketWatch - Business
Retail investors bought the dip in tech stocks during August’s market scare
Retail investors were aggressively buying into the market in early August, throughout the market chaos.11 hours ago -
ABC News - World
Brazil leader Lula da Silva says Venezuelan President Nicolás Maduro could call a new election 'if he has good sense'
Brazil leader Lula da Silva says Venezuelan President Nicolás Maduro could call a new election 'if he has good sense'12 hours ago - Brazil -
MarketWatch - Business
As Warren Buffett sold Apple’s stock, these funds bought in
Managers at Third Point and Soros Fund Management likely saw success with recent bets on Apple.12 hours ago - Warren Buffett -
Inc. - Business
Is Your Team Managing Just Fine Without a Manager? Here's What You Should Do Next
If you've had a management vacancy for six-plus months, the problem may be you, not the vacancy.13 hours ago -
Yahoo News - World
Pakistan's internet firewall could cost economy $300 million, association says
13 hours ago -
MarketWatch - Business
Three different factors could trigger the third wave of a stock-market pullback, says strategist
Dhaval Joshi, chief strategist of BCA Research’s Counterpoint service, says an analysis of the “price complexity” shows that the yen carry trade and the AI bubble are one and the same trade, and that any of three factors could torpedo it.14 hours ago -
MarketWatch - Business
Druckenmiller, Soros, Tepper among investors selling Nvidia in second quarter as tech stocks slumped
High profile investment firms including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Soros Capital all cashed out of Nvidia in the second quarter of this year18 hours ago -
Inc. - Business
Starbucks Just Made a Big Change and It Could Be Exactly What Customers Have Been Waiting For
This time, a new CEO might be exactly what customers can get excited about at Starbucks.1 day ago -
MarketWatch - Business
Michael Burry of ‘Big Short’ fame ups his bets on Chinese Internet stocks
Michael Burry, the investor made famous by the book and movie “The Big Short,” shifted more of his portfolio into Chinese Internet stocks including Alibaba Group Holding Ltd. and Baidu Inc. during the second quarter, according to a filing with the ...1 day ago -
MarketWatch - Business
Commercial mortgage bonds are no longer a big bargain, says UBS
Several Federal Reserve interest-rate cuts and a soft economic landing are already priced into many bonds.1 day ago -
CNBC - Business
Oil prices fall after Biden says Iran could refrain from attacking Israel if cease-fire reached
Iran had vowed to retaliate against Israel after a Hamas leader was assassinated in Tehran two weeks ago.1 day ago - Joe Biden -
Inc. - Business
Free Streamer Tubi Thriving on Reruns
After operating in near anonymity for nearly a decade, advertising-driven Tubi has now surpassed premium platforms like Max and Apple TV+ in total viewing hours.1 day ago -
Inc. - Business
Anthropic Says This New Feature Could Save You Money and Time
The ethics-minded startup wants to help developers create more advanced prompts without paying full price.1 day ago -
CNBC - Business
World's largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
Norway's massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).1 day ago -
MarketWatch - Business
Chipotle’s stock sold off on CEO exit, but this analyst says it’s time to buy
Wedbush upgraded Chipotle shares, saying the company “remains in very good hands.”1 day ago -
MarketWatch - Business
Wells Fargo strategist says investors may face 1995 rerun once Fed cuts rates
1995 was a period when the Fed embarked on a rate-cut cycle that may have parallels to what the markets are expecting for September.1 day ago - Federal Reserve -
MarketWatch - Business
Norway sovereign wealth fund leans on tech as it trims Meta, Novo Nordisk stakes
Norway’s sovereign wealth fund touted its investments in the picks and shovels of the artificial-intelligence revolution as its first-half performance virtually matched its benchmark.1 day ago -
NBC News - Top stories
Game of inches: Lobster fishermen say tiny change in legal sizes could disrupt imperiled industry
Gerry Cushman has seen Maine’s iconic lobster industry survive numerous threats, but the latest challenge could be the biggest one yet.1 day ago -
Financial Times - Business
Amazon and Meta’s bid to rewrite the rules on net zero
Critics say a proposed change could allow large energy users to hide their true emissions1 day ago - Amazon -
Financial Times - Business
Big Tech’s talent raids on AI start-ups sideline early investors
Early exits for hotly tipped companies including Inflection and Character. AI highlight challenge for founders as costs rise1 day ago -
CNBC - Business
Cramer says new Starbucks CEO Brian Niccol is key to the company's turnaround after management shake-up
CNBC's Jim Cramer discussed Starbucks' management shake-up, saying the new leadership will be crucial to turn the business around.2 days ago -
The Hill - Politics
Omar is latest ‘squad’ member to face primary test
Welcome to The Hill's Campaign newsletter {beacon} Campaign Report Campaign Report The Big Story Omar is latest ‘squad’ member to face primary test Rep. Ilhan Omar, the Minnesota Democrat who has been a frequent conservative target, faces ...2 days ago