3M’s stock fell Wednesday toward a 10-year low, after investors were reminded that concerns over potential liabilities related to “forever chemicals” remained.
Earnings Results: Snowflake slashes forecast due to ‘unsettled demand,’ stock slumps after earnings
Shares of Snowflake sank nearly 13% in after-hours trading Wednesday after the data-software company cut its outlook for the full year.
: Ron DeSantis-Elon Musk Twitter Spaces session plagued by technical glitches
Florida Gov. Ron DeSantis made his 2024 presidential run official Wednesday, but his kickoff announcement on Twitter was plagued by technical glitches.
Market Extra: Fitch warns U.S. AAA credit rating could be cut due to debt-ceiling ‘brinkmanship’
Fitch Ratings late Wednesday places the U.S. triple-A credit rating on ‘ratings watch negative’ due to brinkmanship over raising the federal borrowing limit.
Earnings Results: Nvidia stock soars toward all-time high as record revenue forecast backed by ‘killer app’ of AI
Nvidia Corp. executives predicted record revenue well beyond anything the company has experienced Wednesday, pushing shares toward record territory.
: Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boost
Nvidia Corp. could be within sight of becoming only the seventh U.S. company to top a valuation of $1 trillion after an audacious, AI-charged forecast.
Capitol Report: McCarthy addresses debt-ceiling angst: ‘I would not, if I was in the markets, be afraid of anything’
House Speaker Kevin McCarthy makes an effort to address concerns among investors that a divided Washington won’t be able to make a deal on a debt-ceiling hike.
Key Words: Bill Ackman resurrects billionaire feud, saying Carl Icahn needs a friend. Icahn’s company’s stock tumbles 21%.
Bill Ackman posted a long tweet on Wednesday, arguing the situation at Icahn Enterprises reminds him of failed Archegos investment fund.
Earnings Results: Splunk stock spikes as strong forecast quiets concerns
Splunk Inc. shares jumped more than 7% after the software company quieted concerns about the tech-spending environment with a strong forecast.
Personal Finance Daily: How much should the average person spend on an engagement ring and today’s 21-year-olds are ‘adulting’ later than people that age did in 1980
Wednesday’s top personal finance stories.
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