Goldman Beats Big, JPMorgan Falls Short: What Bank Results Signal for Stocks
Goldman beat profit forecasts by 30% and Citigroup topped estimates, while JPMorgan and Wells Fargo fell short. Index futures barely moved.
13 min ago12 min read
Equities News
Global stock markets: index moves, earnings, analyst targets and the policy and rate backdrop driving them.
Epic Games Delays Unannounced Disney Shooter, Orders AI-Only Code
Epic Games delayed its unannounced Disney shooter and mandated AI-only code development.
45 min ago10 min read
AI bubble concerns intensify ahead of earnings season
Revenue misses and rising yields fuel AI bubble fears, though strong demand persists.
1 h ago8 min read
Musk Admits He Has No Idea How to Make Chips, Vows to Beat Everyone Anyway
At Saturday's X Takeover event, Elon Musk said his companies would master chipmaking though he doesn't know how, with a $15 billion Terafab plant underway.
3 h ago10 min read
Apple teases Pikachu-themed Beats Pill speaker
Apple teased a Pokémon-themed Beats Pill speaker, hinting at a Pikachu edition. Pokémon replied with an eyes emoji.
4 h ago9 min read
European shares open higher but caution persists ahead of US CPI
European indexes posted modest gains at the open, but traders stayed cautious ahead of upcoming US CPI data and bank earnings.
7 h ago7 min read
Rate-Sensitive Sectors Must Rally With AI for S&P 500 to Reach 8,100: Citi
Citi's Scott Chronert says the S&P 500 needs both AI and rate-sensitive stocks to reach 8,100; rate-sensitive sectors have lagged since Jackson Hole.
10 h ago8 min read
Asia-Pacific stocks tumble as Kospi slides 7%
Asian equities fell sharply on Tuesday, with South Korea's Kospi down about 7%, as tech and chip stocks led losses.
10 h ago16 min read
S&P 500 Q3 profits seen rising 29.6%, but AI sector guidance creates uncertainty
S&P 500 Q3 earnings growth is forecast at 29.6%, but a CNBC panel says AI company guidance will determine the market's direction.
11 h ago9 min read
Meta Shares Climb 3.4% After Muse Wonder Debut; Can Subscribers Fund AI?
Muse Wonder's release came Monday, and Meta shares rose 3.4%, about a third of September's 11% surge. Can subscribers cover that spending?
11 h ago8 min read
Kospi tumbles more than 6% as chip and oil fears hit Asian stocks
Asian stocks fell heavily on a tech selloff and oil worries. The Kospi led the drop, losing more than 6% to land below 6,000.
12 h ago13 min read
Rental prices for AI chips climb 60%, deepening the scramble for capacity
Renting Nvidia H100 chips now costs 60% more than a year ago as the AI compute crunch tightens, forcing startups and big tech alike into urgent capacity deals.
12 h ago17 min read
CXMT Memory Advance Hits Samsung and SK Hynix as KOSPI Slides Nearly 5%
KOSPI tumbled nearly 5% to 6,100 as CXMT's memory-chip advance weighed on Samsung and SK Hynix. The index is 10.1% lower over five days.
12 h ago8 min read
Broadcom chief calls AI investment a casino-like gamble while eyeing $230bn chip sales
Broadcom's Hock Tan likened AI investing to gambling and doubted OpenAI's profitability, despite projecting $230 billion in AI chip revenue by 2028.
14 h ago16 min read
Four Major Bank Earnings to Test Bullish Sentiment This Week
Goldman Sachs turned bullish on stocks and bonds as four big banks prepare to report earnings Tuesday.
16 h ago12 min read