Stock market today: S&P 500 closes at a record high as stocks rise on cooler April inflation
US stocks soared on Wednesday, with the S&P 500 notching an all-time high. The benchmark index surpassed 5,300 for the…
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire…
Why investors shouldn’t be clamoring for rate cuts this summer
Cutting interest rates in the next few months would be a big mistake by the Fed, Ed Yardeni said The…
The stock market has peaked and will trade flat for the rest of 2024, Goldman equity chief says
Goldman Sachs chief US equity strategist David Kostin says the S&P 500 could trade flat for the rest of the…
‘Someone played this beautifully’: Why one expert is suspicious of the latest meme-stock revival
There’s something off about the recent explosion in meme stocks like GameStop, one market pro writes. Deep out-of-the-money call options…
Justice Department charges MIT brothers with $25 million crypto theft that took 12 seconds
The Department of Justice on Wednesday announced the indictment of two brothers who graduated from the Massachusetts Institute of Technology…
Nvidia’s rally will run out of steam next year as the chip giant’s customers become competitors, analyst says
Nvidia’s monster rally won’t last as the chipmaker faces long-term challenges, according to Gil Luria. The DA Davidson analyst has…
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will…
