Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semiconductor Index's worst drop since 2008, but investors shifted to non-tech sectors. Attention is also on currency markets after coordinated US-Japan intervention strengthened the yen. This week, earnings reports from major companies like AMD, McDonald's, and Disney will be key market drivers. Bristol Myers Squibb shares rose over 4% amid AstraZeneca acquisition talks.
SpaceX will release its first public earnings report focusing on Starlink's growth, Starship development, and capital spending. Despite shares falling over 50% from their peak and trading below the IPO price, Wall Street remains optimistic with bulli...
U.S. markets ended last week higher as the Federal Reserve held interest rates steady, despite some dissent. This week features key economic data including Friday's July jobs report and manufacturing activity, alongside major earnings from SpaceX, AM...
iBUYPOWER, known for gaming PCs, has expanded into professional workstations with its new iBUYPOWER PRO line, targeting creative and technical professionals. These systems feature high-end Intel and AMD CPUs, NVIDIA and AMD GPUs, and come with a new ...
Morgan Stanley is in advanced talks to provide a $15 billion loan to Nexus Data Centers, which will use the funds to develop a large AI infrastructure campus in Hubbard, Texas, for Anthropic. Google is backing Anthropic with its investment-grade cred...
Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest...
