Latest in Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges
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Business - Financial Times
Tesla’s upbeat earnings and bullish forecast propel shares 12% higher
Elon Musk’s carmaker predicts ‘slight growth’ in 2024 deliveries despite sluggish start to the year2 hours ago -
Business - CNBC
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.8 hours ago - Apple -
Business - CNBC
AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.9 hours ago -
Business - Inc.
A Key Corner of Wall Street Is Pricing in a Trump White House and No Recession
Bond traders have responded to strong economic data by lowering their forecasts for Fed rate cuts.16 hours ago - Donald Trump -
Business - CNBC
New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.6 hours ago -
Business - CNBC
Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.7 hours ago -
Top stories - NBC News
AI on the trading floor: Morgan Stanley expands chatbot tools to Wall Street division
Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.10 hours ago -
Business - CNBC
GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance
GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.Yesterday -
Business - MarketWatch
Verizon earnings imply Apple’s iPhone 16 didn’t have the most ‘auspicious start’
Verizon’s third quarter didn’t include too many days of iPhone 16 sales, but the company’s low upgrade rate is still worth keeping an eye on.Yesterday - Apple -
Politics - The Hill
Wall Street Journal, NY Post sue AI startup
Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...Yesterday -
Business - CNBC
Lucid CEO defends $1.75 billion capital raise following stock drop
Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.Yesterday -
Business - MarketWatch
Wall Street is worried stocks might be on the cusp of a ‘lost decade’
Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.Yesterday -
Business - The Wall Street Journal
The Wall Street Veteran Leading Disney's Search for Iger's Replacement
James Gorman wanted a challenging board role after nailing succession at Morgan Stanley. He’s getting one at Disney.Yesterday -
World - The Guardian
iPhone 16 Plus review: Apple’s battery beast
Enlarged iPhone gains two new buttons, faster chip and better camera, while lasting a long time on a charge. Apple’s iPhone 16 Plus takes the regular iPhone and adds two things: a much bigger ...Yesterday - Apple -
Top stories - NBC News
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...2 days ago -
Business - MarketWatch
America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?
It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.2 days ago -
Business - CNBC
Wall Street analysts get it wrong on two of our portfolio industrial stocks
New research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.2 days ago -
Business - The Wall Street Journal
Behind Many Powerful Women on Wall Street: A Doting 'Househusband'
More men are staying home to facilitate the complex juggle of family life and their wives’ high-powered careers.2 days ago -
Business - CNBC
Top Wall Street analysts like these stocks for their growth prospects
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.3 days ago -
Business - MarketWatch
Wall Street hates Treasurys. Maybe it’s time to give them some love.
Maybe it’s time to show them a little appreciation.4 days ago -
Business - CNBC
BlackRock's ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
Bitcoin ETF inflows surpass $2.1 billion in a week as bitcoin touches highest price level since July.5 days ago - Crypto -
Business - MarketWatch
Apple’s iPhone 16 is selling 20% faster in China than its predecessor, report says
Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new features5 days ago - China -
Entertainment - Los Angeles Times
Netflix adds 5 million subscribers and beats Wall Street's profit expectations
Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.6 days ago - Netflix -
World - The Guardian
iPhone 16 review: more buttons and speed for Apple’s standard phone
Smallest and cheapest new model plays catchup to Pro iPhones with strong battery life but familiar design. Apple’s latest iPhone bucks the trend of buttons vanishing from phones, gaining not one ...6 days ago - Apple -
Tech - GameSpot
iPhone 16 and 16 Pro Step Up AAA Gaming On Mobile
With the iPhone 16 lineup of phones, both the base 16 and 16 Pro can play AAA games. How do they compare to one another? How has AAA gaming on iPhone improved in the last year?October 16 -
Business - Financial Times
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonOctober 16 -
Business - CNBC
Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves
The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.October 15 -
Politics - The Hill
Trump: Wall Street Journal has been 'wrong about everything'
Former President Trump blasted the Wall Street Journal and other prognosticators in the financial sector who have predicted his economic plans will have a negative impact on the country's financial ...October 15 - Donald Trump -
Business - MarketWatch
Wall Street’s most frustrating ‘pain trade’ looks set to continue
For Wall Street’s professional money managers, the biggest “pain trade” right now is the ongoing rally in stocks following a massively successful two-year bull run.October 15 -
World - The Guardian
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...October 15 -
Top stories - The New York Times
Optimism on Wall Street, and Harris Agrees to a Fox News Interview
Plus, an investigation into China’s panda factories.October 15 -
Business - Financial Times
Jane Street interns make more than Keir Starmer and Jay Powell
More Money Than God 2.0October 15 -
World - Financial Times
Fed’s Waller calls for rate cut caution after ‘disappointing’ data
Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcomeOctober 15