Shares of Nvidia edged lower on Thursday, showing signs of fatigue after a record-setting rally. The correction came even as strong earnings from key suppliers underscored continued demand for artificial intelligence chips. The stock slipped 0.4% to $198.08 after briefly trading higher earlier in the session. The move comes after Nvidia logged 11 consecutive days
Advanced Micro Devices (NASDAQ: AMD) is pushing further up on Apr. 16 as strong Q1 results from Taiwan Semiconductor (NYSE: TSM) prompted a sector-wide rally in semiconductor stocks. AMD has now extended its winning streak to 12 consecutive days – its longest in over 20 years – as investors continue to reward the company for
War in the Middle East could trigger a massive $58 billion bill for repair and restoration of energy-linked infrastructure, according to a new analysis from Rystad Energy. The cost for oil and gas facilities alone is estimated to potentially reach $50 billion. “This is no longer just a story about damaged facilities in the Gulf.
Tilray Brands stock price has moved sideways in the past few weeks as momentum in the cannabis industry waned. It was trading at $6.90, down by over 70% from its highest level last year. Still, technical analysis suggests that the TLRY stock may be on the cusp of a rebound. Tilray Brands stock on edge
Bank of America (NYSE: BAC) is extending gains on Apr. 15 after reporting Q1 results that blew past Street estimates, fueled by a resurgence in investment banking and resilient consumer activity. Investors cheered as it posted a 25% year-over-year increase in earnings per share (EPS) and a surprise beat in net interest income (NII), which
Mortgage rates in the United States eased to their lowest level in a month last week, offering some relief to borrowers and driving a pickup in refinancing activity, even as demand from homebuyers remained subdued against a backdrop of economic uncertainty and geopolitical tensions. Data from the Mortgage Bankers Association showed total mortgage application volume
Oil prices edged higher on Wednesday after steep losses in the previous session amid uncertainty about the resumption of flows from the Strait of Hormuz. Meanwhile, gold had hit a near one-month high on COMEX earlier in the day, but the precious metal fell slightly amid a rise in energy prices. Silver prices also dipped
US equities moved higher on Wednesday, with the S&P 500 approaching a fresh all-time intraday high. Investor sentiment improved on expectations that the Iran conflict could be nearing a resolution. The benchmark index rose 0.2% and was on track for a record close, while the Nasdaq Composite advanced 0.3%. The Dow Jones Industrial Average gained
The International Monetary Fund has warned that the escalating conflict in the Middle East is adding further stress to an already fragile global fiscal environment. In its latest Fiscal Monitor report released on Wednesday, the IMF said higher interest rates and rising energy prices intensified by the war are increasing pressure on emerging markets and
Finance ministers from more than 10 countries cautioned on Wednesday that the ongoing Middle East conflict would continue to weigh on global growth, inflation, and financial markets, even if a lasting resolution is achieved. The warning came in a joint statement issued during the International Monetary Fund and World Bank Spring Meetings in Washington. The