Nvidia Stock Climbs After Bruising Monday Session
Tuesday’s session followed a start to the week that marked Nvidia’s worst day in years, as a roughly 17% drop led to a loss of nearly $600 billion in market value.
Hungary Embraces Hawkish Rate Guidance After Inflation Spike
(Bloomberg) -- Hungary’s central bank adopted a more hawkish monetary policy guidance after a spike in inflation and concern about the impact of geopolitical risks for the recession-hit economy.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Newsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingNYC Subway’s Most Dangerous Stat
Fed’s Balance-Sheet Plans Mystify Wall Street as Officials Meet
(Bloomberg) -- Buried in a rote US Treasury survey released on the eve of the latest holiday weekend was a question that all of Wall Street wants the answer to: What’s the Federal Reserve’s plan once it’s done drawing down its crisis-era bond holdings?Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Newsom Enlists Magic Johnson, Guggen
Bitcoin Miner HIVE Digital Acquires Bitfarms’ Site to Scale Operations by 400%
HIVE Digital acquires Bitfarms’ 200 MW Bitcoin mining site in Paraguay for $85M, aiming to scale operations by 400% and boost global hashrate to 25 EH/s by September 2025.
Chinese New Year may fuel 20% jump in bitcoin's price, research says
“Bitcoin has delivered positive returns during the Chinese New Year in 11 of the past 12 years," says Matrixport.
Super Micro Computer stock is getting a fresh look from analysts
This story incorporates reporting fromForbes, TheStreet on MSN.com and Insider Monkey on MSN.com.Analysts have revisited the stock price target for Super Micro Computer, a leader in AI servers within the computer hardware sector. The company experienced a volatile stock performance throughout 2024, driven by fluctuations in the AI market. Recent financial performances in the second half of 2024, including third and fourth-quarter earnings as well as preliminary first-quarter reports from Novembe
French investigators open fraud probe against crypto platform Binance
PARIS (Reuters) -French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations. The economic and financial crime section of the Paris public prosecutor's office (JUNALCO) said in a statement that the probe includes money laundering in connection with drug trafficking. The investigation is examining the period from 2019 to 2024, involving offences committed in France but also in all European Union countries, JUNALCO said.
Boeing stock rallies 6% on plane progress after $11.8-billion annual loss
(Reuters) -Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped 6%, despite the company recording its biggest annual loss in four years. The $11-8-billion loss, due to problems at its major units, along with fallout from a crippling strike, demonstrates the challenges facing CEO Kelly Ortberg in turning around the U.S. planemaker. Chief Financial Officer Brian West told analysts the planemaker had delivered 33 of its strongest-selling 737 jets so far in January.
Stock market today: Wall Street steadies itself a day after a sell-off for Nvidia and tech stocks
Nvidia and other U.S. tech stocks are holding a bit steadier Tuesday, a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The S&P 500 was 0.3% higher in morning trading. The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy.
S&P 500 choppy as megacap gains counter broader weakness
The S&P 500 swung between gains and losses on Tuesday as advancing megacap stocks including Apple helped arrest declines even as a mixed bag of corporate earnings fueled volatility. At 10:02 a.m. ET, the Dow Jones Industrial Average rose 3.93 points, or 0.01%, to 44,717.51, the S&P 500 gained 6.97 points, or 0.12%, to 6,019.42 and the Nasdaq Composite gained 105.38 points, or 0.54%, to 19,447.21. Nine of the 11 S&P 500 sectors were in the red, with utilities and industrials leading declines.