Economy

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Federal Reserve officials on the trajectory of interest rate cuts. The yield on the 10-year Treasury rose more than three basis points to about 4.24. At its session high, the benchmark rate traded at 4.26%, reaching its highest level since […]

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped 12% in extended trading. Here’s what the […]

David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch at the Robin Hood Investors Conference. […]

Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares rose as much as 8% in extended trading on Monday after the video-calling software provider announced fiscal second-quarter results that exceeded analysts’ expectations.Here’s how the company did: Earnings: $1.34 per share, adjusted,… […]

Following a sharp slide from its mid-July record highs, Nvidia (NVDA) seems to be coming back into favor ahead of its quarterly release Wednesday evening. It’s hard to even fathom the words “back in favor,” considering the stock has more than tripled in 2023. But before last Monday’s 7% gain and this Monday’s more than… […]

Nikesh Arora, Palo Alto NetworksAdam Galica | CNBCShares of Palo Alto Networks rose more nearly 15% Monday, continuing a rally that began when the security software vendor reported stronger-than-expected fiscal fourth-quarter earnings last week.The company reported adjusted quarterly earnings per share of $1.44 versus a Refinitiv analyst consensus of $1.28 per share. While Palo Alto… […]

Former U.S. president and 2024 presidential hopeful Donald Trump leaves after speaking at the Iowa State Fair in Des Moines, Iowa, Aug. 12, 2023.Stefani Reynolds | AFP | Getty ImagesA judge set former U.S. President Donald Trump’s bond at $200,000 in the Georgia criminal case accusing him of conspiring to overturn his loss in the… […]

Boxes of tablets produced by Teva Pharmaceutical Industries.Chris Ratcliffe | Bloomberg | Getty ImagesDrugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines to resolve charges related to price fixing three medications, including a generic cholesterol drug that it has agreed to divest, the U.S. Department of Justice announced Monday.Glenmark Pharmaceuticals will pay $30 million… […]

Charges against Jeffrey Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors.Stephanie Keith | Getty Images News | Getty ImagesJPMorgan Chase was aware in 2006 of accusations that disgraced… […]

A trader works on the floor of the New York Stock Exchange.Jason DecrowAlejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices.He used ChatGPT to parse news headlines for whether they’re good or bad for a stock, and found that ChatGPT’s ability to… […]