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Business & Finance
US stocks declined on Monday after the US attacked Iran for the first time in weeks, fueling a rise in oil prices and increased bets that the Federal Reserve would raise interest rates at its September meeting
Of late, Micheal Burry has been skeptical on the developments in the technology sector. Recently, Burry disclosed short positions in Oracle (ORCL) and Nebius Group (NBIS) citing “rising leverage risks linked to off-balance-sheet commitments across the technology and cloud sectors.”
(Bloomberg) — As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds
Super Micro Computer(NASDAQ: SMCI), which also goes by Supermicro, has been rallying recently after disclosing encouraging preliminary earnings results. But despite the strong initial boost, the stock isn’t likely to take off and return to the highs of more than $50 it reached earlier this year
Johnson & Johnson said Monday it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a landmark deal that could end a contentious legal battle that has dogged the company for a decade
eBay and some former executives have agreed to pay a couple $56m (£42m) after a campaign of harassment in retaliation for their online criticism of the firm
What happened: Semiconductor stocks fell on Tuesday, with the PHLX Semiconductor Index (^SOX) falling more than 3% as investors continued to unwind positions in one of the market’s hottest AI-driven sectors this year
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Wall Street was mixed in early trading with chipmakers getting hit the hardest again after a huge sell-off in South Korea