Key Points The rapid expansion of AI-specific infrastructure is driving demand for Credo Technology’s products. In its latest reported quarter, the company achieved an impressive 272% year-over-year jump in revenue. Credo’s shares have soared more than 100% in the past year thanks to its AI-driven sales growth. 10 stocks we like better than Credo Technology … Read more
The Chapter 11 filing announced on Wednesday for the iconic, century-plus-old retailer — which oversees Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman and Saks Off 5th — could ripple through to other parts of the industry #Saks #Global #files #bankruptcy #Heres #luxury #retail #style
Nobia divests UK operations to Alteri Partners, takes SEK750m impairment #Nobia #divests #operations #Alteri #Partners #takes #SEK750m #impairment
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Alibaba (BABA) shares are rallying this morning after China announced a new action plan aimed at accelerating artificial intelligence (AI) adoption in manufacturing. The initiative dubbed “AI+ Manufacturing” will fund thousands of Beijing’s “little giant” startups, helping them invest more in research and development (R&D). Even after today’s surge, Alibaba stock is down more than 11% … Read more
February WTI crude oil (CLG26) on Tuesday closed up +1.65 (+2.77%), and February RBOB gasoline (RBG26) closed up +0.0327 (+1.82%). Crude oil and gasoline prices rallied sharply on Tuesday, with crude posting a 2.25-month high and gasoline posting a 5-week high. Crude prices surged on Tuesday after President Trump ramped up rhetoric over Iran, heightening … Read more
Boeing’s stock gets a lift after it received orders for up to 60 more planes, a week after it received orders for up to 145 planes. #airplane #orders #coming #Boeings #stock #climbs #twoyear #high
Saks Global Enterprises files for bankruptcy amid mounting losses #Saks #Global #Enterprises #files #bankruptcy #mounting #losses
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. #Client #Challenge
One potential outcome from the fresh battle between President Trump and Fed Chair Jerome Powell that won’t sit well with Mr. Market or consumers is an outbreak of inflation. “Looking at longer-term risk, inflation expectations could become unanchored,” Northwestern Mutual Wealth Management chief portfolio manager of equities Matt Stucky told me on Yahoo Finance’s Opening … Read more