Chinese memory chip maker CXMT surged 531% on its IPO debut, instantly becoming mainland China’s largest firm amid a global memory supply crunch.
Apple is eyeing CXMT as a strategic supplier, but Micron and SK Hynix remain the most accessible memory boom plays for U.S.
» Read more about: This Memory Chip Stock Just Surged 531%. It’s Not SK Hynix or Micron »
A measure known as real final sales to domestic purchasers, which tracks spending by households, businesses and government while filtering out trade and inventory swings, jumped 3.9% on an annualized basis. That’s a sharp improvement from the 1.7% pace seen in the first quarter, suggesting underlying demand in the economy was actually stronger than the topline number suggests.
This article first appeared on GuruFocus.
Tesla (NASDAQ:TSLA) shares climbed about 3% on Thursday after the electric-vehicle maker expanded its Robotaxi service to Miami, broadening its autonomous ride-hailing rollout beyond Texas.
Tesla’s Robotaxi service initially operates in selected areas across western and central Miami using Model Y vehicles equipped with the company’s Full Self-Driving software.
» Read more about: Tesla Stock Rises as Robotaxi Service Expands to Miami »
Israeli Prime Minister Benjamin Netanyahu has denied that Israel is trying to scupper efforts to broker a peace deal between Iran and the United States.
Speaking Wednesday to ABC News, Netanyahu was asked about comments made by Vice President JD Vance on a podcast earlier this month. Vance alleged that some people in the Israeli government were “manipulating and trying to change American public opinion to keep the war going on indefinitely.”
CAIRO (AP) — The United States and Iran each fired barrages of missiles Thursday, as the pattern of back-and-forth strikes took hold again and hope dimmed for any quick resolution.
After a brief respite, the risk of a return to all-out war emerged once more,
» Read more about: Risk Of All-Out War Surges As U.S. And Iran Trade More Missile Strikes »
A busy week for big tech earnings watchers—which these days is pretty much all investors, given the companies’ influence in markets —is set to continue today,
» Read more about: Tech Earnings Today: Apple, Amazon Set to Report as Mag 7 Results Keep Rolling »
Summers in retirement can feel very different than they did in your working years. For many people, they can finally enjoy their leisure time, perhaps visiting with family or taking trips. But for retirees living largely on Social Security, it can also be one of the most expensive times of year.
Fortunately,
» Read more about: Financial Experts: Tips To Stretch Your Social Security Benefits This Summer »
The old adage that you need money to make money is true, as the benefits of compounding are greater when an investment balance is large. Consider that the S&P 500 (^GSPC +1.47%) has averaged an annual return of 10% for decades. That means an investment might,
As of 12.13 PM ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 2.61% to 25,0810 as technology stocks rally, and the S&P 500 (SNPINDEX:^GSPC) has gained 1.29% to 7,422. The Dow Jones Industrial Average (DJINDICES:^DJI) rose 0.81% to 52,010 as markets start to recover from yesterday’s losses.
» Read more about: Stock Market Midday, July 30: Microsoft Soars 15%, Boosting Tech Stocks »
