News

ARKK saw record inflows and outflows as investors possibly used ETFs to access SpaceX's IPO.

Deutsche Bank raised its Micron price target to $1,500 from $1,000.

Dow Hits Milestone High as Investors Watch Fed and Iran Developments

Bonds are in the driver's seat as Kevin Warsh chairs his first Fed meeting. Look at the yield or interest rate on the 2-year note, which is up strongly by 0.097 percentage points. Higher yields on a shorter-dated note suggest the bond market is readying to see a rate hike by the Fed sometime this year.

This mREIT isn't a high-yield trap, but it also isn't a reliable long-term investment.

Stocks remained lower after Federal Reserve Chairman Kevin Warsh began his first press conference in the role. The Nasdaq was down 0.5%. Warsh began by saying he was welcomed by fellow bankers, who he says he’s listened closely to for “a lot of new ideas, new thinking, and genuine interest in moving the Fed forward.”

Goldman Sachs is telling stock market investors that the old winning formula is breaking. For years, investors have been following the same playbook: falling rates, capital-light technology, higher valuations, and a narrow group of stocks doing most of the heavy lifting. The call lands with ...

Lennar’s (LEN) asset-light strategy was intended to make the homebuilder more nimble. Bank of America also said it might complicate the earnings story. The brokerage restated its Underperform rating on Lennar, cutting its price target to $77 from $84 and reducing its profit projections after the ...

The stock market wavered after the Federal Reserve opted to keep interest rates steady during Kevin Warsh’s first meeting as chairman. The Federal Open Market Committee continued this year’s pause with a target for the federal-funds rate in a range of 3.5% to 3.75%. “Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy,” the FOMC said in its statement.

In Kevin Warsh’s first vote as Fed chairman, the committee voted to keep interest rates unchanged on Wednesday. The decision, which was widely expected, comes as officials seek to determine if the recent oil shock will deliver long-term consequences to the broader economy. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fourth consecutive meeting.

(Updates prices.) Gold was higher midafternoon Wednesday even as the dollar rose after a report s

AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 ‌billion, and struck a deal with Amazon Web Services that gives ‌it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, ​saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can ⁠simulate the real world and act without human input.

Spirit Airlines had the lowest rating on the annual American Customer Satisfaction Index (ACSI) survey. The airline scored a 66 on the 100-point scale in 2026, dropping below low-cost rival Frontier Airlines, an airline that doesn't even offer internet service, and putting it 13 points behind ...

(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Shares of large U.S. banks outperformed the market on Wednesday, with some hitting records, as investors awaited the first Federal Open Market Committee meeting of Kevin Warsh’s Fed chairmanship. Investment banks Goldman Sachs and Morgan Stanley also rallied and hit records, according to FactSet and Dow Jones Market Data. Traders widely expect the Fed will keep the benchmark federal-funds rate target unchanged at a range of 3.50% to 3.75%.

(Updates with index/price moves, macroeconomic data, and political/company news from the first parag

The service will be accessible through the Uber app and is being developed in collaboration with Switzerland's Federal Roads Office (FEDRO), pending regulatory clearance.

Travel season is upon us. Some 67% of Americans plan to take one or more domestic trips this summer, and 41% plan international travel, according to a survey from U.S. News. But for many of those travelers, these summer vacations may not play out how they were originally envisioned. Around ...

Honeywell shares rallied recently as the company’s board approved the aerospace unit spinoff. Here’s what management expects from both businesses moving forward.

SpaceX stock is flying, and so are shares of older aerospace incumbents like GE Aerospace and Boeing.

This is the third piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the five companies and the data. The second piece covered defense and nuclear supplier Curtiss-Wright. This week: a company that moves ...

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

(Updates with index/price moves and political/macroeconomic news from the first paragraph.) US eq

Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its ...

AI lab Odyssey said on Wednesday ‌it has raised $310 ‌million in a funding round ​that valued it at $1.45 billion. The Series B round was led by Natural ‌Capital, ⁠with participation from Amazon, AMD Ventures, GV, ⁠EQT, IQT and others. The last few years ​have seen ​major ​breakthroughs in ‌scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly,” said Oliver ‌Cameron, Co-founder ​and CEO of ​Odyssey.

MKS (MKSI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."

European stock markets closed mostly higher Wednesday as the Stoxx Europe 600 gained 0.5%, the Swiss

Goldman Sachs and Morgan Stanley are preparing for the IPOs of OpenAI and Anthropic by forming separate teams to prevent information sharing.