Nvidia’s stock plunge leads ‘Magnificent Seven’ to a record weekly market cap loss
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The best and the worst sectors in the stock market in this recording-setting week
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
AMD supplants Nvidia as this analyst’s top chip stock — but he still likes both
AMD’s stock advances as Wolfe Research writes positively of the company’s AI traction.MarketWatch - Business -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Why Utilities Are Lighting Up the Stock Market
Utility stocks are suddenly white hot, thanks largely to artificial intelligence’s thirst for electricity. Investors accustomed to thinking of the sector as sleepy and safe need to realize the game has changed.The Wall Street Journal - World -
PGA Championship: Scottie Scheffler begins with a magnificent eagle
The reigning world No. 1 started the second major of the year with the shot of the tournament so far.Yahoo Sports - Sports -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
Cramer picks two 'winning' footwear stocks in a ‘nightmare’ athletic apparel market
CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.CNBC - Business -
Jim Cramer's top 10 things to watch in the stock market Friday
Wall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.CNBC - Business -
Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.MarketWatch - Business -
PGA Championship Round 1 live updates: Xander Schauffele sets course record, grabs early lead
Xander Schauffele is now the first player to ever shoot a 62 multiple times in a major championship.Yahoo Sports - Sports -
Weekly quiz: Why are puffins causing an international row?
Test how closely you have been paying attention to what has been going on over the past seven days.BBC News - Top stories -
Skenes strikes out first seven Cubs, 11 overall
Paul Skenes struck out the first seven Cubs hitters he faced Friday, setting a record for a Pirates pitcher.ESPN - Sports -
Technology stocks are once again leading the way in 2024. Why these ETFs tell a different story.
U.S. stocks are rallying in 2024, but some of the most popular ETFs tracking key sectors haven’t kept pace, leading to significant gaps between their returns and the indexes they are designed to mirror.MarketWatch - Business -
Don’t get swept away by ‘S&P 500 envy’ as stocks shatter records and bonds lag
Here’s how to remind yourself that diversification still matters in the long runMarketWatch - Business -
Why Cathie Wood’s ARK Innovation ETF is struggling in 2024 despite the stock-market rally
One research analyst prefers the Nasdaq for exposure to “disruptive innovation.”MarketWatch - Business -
More and more stocks are joining the market's rally to new highs. Here's why and when to buy
Wall Street's 19-session journey back to all-time highs has been swift but healthy.CNBC - Business -
Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.CNBC - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
Mavs defense stops OKC, Celtics advance + offseason plans for Cavs, Hawks & Lakers | No Cap Room
Jake Fischer and Dan Devine discuss how the Dallas Mavericks won game 5 in Oklahoma City and talk about the offseason rumors swirling at the NBA Draft Combine.Yahoo Sports - Sports - NBA -
Company insolvencies jump; Royal Mail takeover would face security review; energy cap to fall in July – business live
Tesla’s chair discusses upcoming shareholder votes on relocating to Texas and Elon Musk’s $56bn pay deal. Rishi Sunak and Akshata Murty rise up rich list as fortune increases by £120mBritish asylum housing tycoon breaks into Sunday Times rich ...The Guardian - World -
Forget the Maga caps – check out Trump’s new Courtroom Collection! | Fiona Katauskas
Who says (alleged) crime doesn’t pay?. See more of Fiona Katauskas’s cartoons here Continue reading...The Guardian - World -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Scheffler caps crazy day at PGA with stellar round after warm-up in jail
Hours after being arrested outside Valhalla Golf Club, Scottie Scheffler shot a second-round 66 on Friday to get into contention at the PGA Championship.Yahoo Sports - Sports -
The Crushing Loss of My Beloved Old Couch
Our new settee just doesn’t sit well. How can we ever cushion the blow?The Wall Street Journal - World -
Roche says weight loss drug shows promising results in early trial
The weekly injection helped patients with obesity lose 18.8% of their weight relative to those who received a placebo, after 24 weeks in the phase one trial.CNBC - Business -
Clark held to rare single digits in Fever home loss
Caitlin Clark scored 9 points in the Fever's 102-66 loss at home to the Liberty. It was the first time Clark was held to single digits in scoring since January 2021.ESPN - Sports -
Roche Climbs After Weight-Loss Drug Shows Efficacy
Roche Holding said its weight-loss drug candidate achieved positive results in an early-stage trial, giving the company a boost in its bid to catch up to Novo Nordisk and Eli Lilly in a class of medicines that has shaken up everything from pharma ...The Wall Street Journal - Business -
AI may cause job losses and rise in carbon emissions, report finds
But economists say it could be offset by the creation of new roles and non-automated sectors. Breakthroughs in artificial intelligence could lead to short-term increases in unemployment, a rise in carbon emissions and leave regulators trailing in ...The Guardian - World -
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Rock band Cage the Elephant emerge from loss and hospitalization with new album 'Neon Pill'
To say Cage the Elephant’s latest album had a turbulent birth would be an understatementABC News - Entertainment -
Caitlin Clark home debut: Star rookie struggles in blowout loss to New York Liberty
Clark and the Fever are still yet to get a win this season.Yahoo Sports - Sports - New York -
Caitlin Clark's home debut for Fever spoiled by MVP performance from Liberty's Breanna Stewart
Stewart went off for 31 points, 10 rebounds, four assists, three steals and two blocksCBS Sports - Sports