Latest in Surging Profits
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Nvidia’s Profit Doubles as A.I. Chip Sales Soar
The company, which dominates the market for chips used to build artificial intelligence, expects another big jump in the current quarter.Tech - The New York Times - 6 days ago -
HSBC shares surge on another $3 billion buyback plan and earnings beat
HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.Business - MarketWatch - October 29 -
U.S. consumer confidence surges in October to highest level in nine months
The U.S. consumer-confidence index surged to 108.7 in October from a revised 99.2 reading in the prior month, the Conference Board said Tuesday. This is highest level of confidence since January.Business - MarketWatch - October 29 -
Consumer confidence surges as election nears, while job openings move lower
Consumers grew more optimistic heading into the contentious presidential election even as job openings hit multiyear lows.Business - CNBC - October 29 -
G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.Business - The New York Times - October 30 -
Mortgage demand stalls as interest rates surge higher ahead of election
Total mortgage application volume was essentially flat, falling 0.1% compared with the previous week.Business - CNBC - October 30 -
Consumer confidence surges to record high ahead of Election Day
During the final weeks of the 2024 presidential campaign, consumer confidence has surged to the highest level in three years, but inflation remains a major concern for families. NBC’s Christine ...Politics - NBC News - October 30 -
Germany's inflation surges to 2.4% as it narrowly skirts a technical recession
Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.Business - CNBC - October 30 -
This bank account is paying 5.25% right now as interest rates surge
Big rises in yields in recent weeks are good for savers.Business - MarketWatch - October 30 -
Desperation over gang violence fuels a surge of migration from Ecuador to the US
Across Ecuador, gangs have unleashed a wave of violence and extortion, upending lives and spurring an unprecedented exodusWorld - ABC News - October 30 -
ASP Isotopes Stock Surges on Uranium-Plant Agreement With TerraPower
TerraPower, the Bill Gates-founded nuclear-power firm, will back the planned construction of a facility for producing enriched uranium.Business - The Wall Street Journal - October 30 -
Uber shares slide on slowing bookings growth
Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimatesBusiness - Financial Times - October 31 -
Political violence in US could surge after elections, experts warn
Trends in online chatter mirror patterns observed in the lead-up to 2020 elections and January 6 Capitol attack. There could be a potential surge in political violence following the upcoming US ...World - The Guardian - October 31 -
Intel books big charges for restructuring, but here’s why its stock is surging
The company says business trends are improving despite ‘noisy’ earnings.Business - MarketWatch - November 1 -
Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.Business - The Wall Street Journal - October 31 -
Abbott Labs and Reckitt Benckiser shares surge on court’s baby formula ruling
A court in St. Louis, Missouri ruled in favor of Abbott Laboratories and Reckitt Benckiser over claims their specialized baby formula caused users to develop a bowel disease called NECBusiness - MarketWatch - November 1 -
Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say
"It isn't anything like we saw with the Trussonomics mini-budget when that spike really was high after those unfunded tax cuts came in," one analyst said.Business - CNBC - November 1 -
Reckitt Shares Surge After Baby Formula Lawsuit Win
Shares in Reckitt Benckiser topped the Stoxx Europe 600 Index after a U.S. court cleared the company of liability in a case concerning its baby formulas.Business - The Wall Street Journal - November 1 -
Companies brace for Tuesday: Mentions of election surge on earnings conference calls
More companies are talking publicly with investors about the presidential election than in recent cycles.Business - CNBC - November 2 -
College football scores, results: No. 10 Texas A&M blown out by South Carolina, No. 11 Clemson falls to Louisville
Three undefeated teams fell on Saturday.Sports - Yahoo Sports - November 2 -
McMichael, Ovechkin power surging Capitals past Blue Jackets 7-2
Connor McMichael struck twice, Alex Ovechkin scored his 859th career goal and the Washington Capitals defeated the Columbus Blue Jackets 7-2 on Saturday nightSports - ABC News - November 2 -
Surging Cardinals beat the Bears 29-9 for 3rd straight victory
Emari Demercado ran 53 yards for a touchdown just before halftime, James Conner added 107 yards on the ground and the surging Arizona Cardinals put together a dominant 29-9 victory over the Chicago ...Sports - ABC News - November 3 -
Palantir’s stock surges as AI drives a further acceleration in growth
Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”Business - MarketWatch - November 5 -
Dogecoin and other memecoins surge as Trump wins presidential election
Dogecoin surged more than 30% at one point after bitcoin rallied to a new all-time high.Business - CNBC - November 6 -
Trump Media shares surge as Trump wins presidential election
Shares of former President Donald Trump's media company jumped as he won the contentious presidential election.Business - CNBC - November 6 -
Weekly mortgage demand tanks 11% as interest rates surge higher
Total mortgage application volume dropped 10.8% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.Business - CNBC - November 6 -
Dow soars as these areas are ‘likely market winners’ of potential Republican sweep
Stocks surged Wednesday after Donald Trump won the U.S. election.Business - MarketWatch - November 6