Five Below (FIVE) late Wednesday reported a surprise increase in fiscal third-quarter earnings as re
Marvell Technology Stock Jumps on Optimism Driven by ‘Custom AI’
Marvell Technology shares led Nasdaq 100 stocks higher in the wake of strong fiscal third-quarter results released after the bell Tuesday.
Oil slips ahead of OPEC+ decision on production cuts
NEW YORK (Reuters) -Oil futures fell nearly 2% on Wednesday as investors awaited an imminent OPEC+ decision on production cuts, while a larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices. U.S. West Texas Intermediate crude futures fell $1.40, or 2%, to $68.54. The market was on tenterhooks, with investors focused on the upcoming OPEC+ meeting, analysts said.
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
S&P 500 Gains and Losses Today: Salesforce Stock Pops as AI Offering Impresses
The S&P 500 added 0.6% on Wednesday, with tech stocks leading the way higher as investors parsed comments from Fed Chair Jerome Powell.
Fed’s Powell Expects Good Relations With Trump Administration
(Bloomberg) -- Federal Reserve Chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“We can afford to be a little more cautious as we try to find neutral,” Powell said in reference to the level for rates that neither sp
Fontainebleau Miami Beach to Borrow $975 Million in Bond Market
(Bloomberg) -- Fontainebleau Miami Beach, a luxury hotel founded in the 1950s, plans to sell a $975 million commercial mortgage-backed security to refinance its debt. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIt seeks to raise around $1.2 billion in debt financing, including the CMBS and a mezzanine loan of as much as $225 million, according to deal documents.Jeffrey Soffer, the indirect maj