After outperforming the Nasdaq by the widest margin in two decades last year, the Dow Jones Industrial Average has sunk back into third place in 2023.
Weekend Sip: Call this an all-American ‘Scotch’
Beam Distilling has released its first-ever American single-malt whiskey — produced with the same key ingredient as Scotch, but with a taste all its own.
Key Words: SoFi CEO says someone making $100,000-plus ‘really struggles to live the American Dream’
SoFi CEO Anthony Noto says the company’s bank charter is paying big dividends as the company tries to satisfy its target demographic.
: Nvidia’s market capitalization gain on Thursday is bigger than all of Disney, Netflix, Boeing or Nike
The graphic-chip maker’s stock market jump was greater than the entire market capitalization of Wall Street titans Goldman Sachs and Blackstone Group.
Earnings Results: Gap stock jumps 12% after surprise profit boost
Shares of Gap Inc. skyrocketed more than 12% in the aftermarket Thursday after the retailer took Wall Street by surprise, narrowing its GAAP loss and earning a penny a share on an adjusted basis in its first quarter.
: JPMorgan alleges ex-U.S. Virgin Islands first lady helped Jeffrey Epstein spread money and influence
JPMorgan alleges that former U.S. Virgin Islands first lady was ‘primary conduit’ for influence and money for deceased convicted pedophile Jeffrey Epstein.
Earnings Results: Workday stock zooms toward highest prices in more than a year after earnings beat
Workday Inc. shares jumped more than 10% and headed toward their highest prices in more than a year in after-hours trading Thursday, following an earnings beat.
: Norfolk Southern taps Atkins Nuclear Secured to lead safety review
“The nuclear industry is the gold standard for industrial safety,” Norfolk Southern CEO Alan Shaw said Thursday.
Earnings Results: Marvell stock soars after upbeat earnings outlook, projection that AI revenue will double this year
The chip company topped expectations with its quarterly outlook and forecast that revenue related to artificial intelligence would at least double this year.
The Ratings Game: Why Intel’s stock is falling as Nvidia leads the rest of the semiconductor sector on a massive surge
Chip stocks experienced a significant surge Thursday in the wake of Nvidia Corp.’s upbeat commentary on AI-fueled demand — with one notable exception.
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