Latest News
Fed Maintains Rates, Signals Single 2026 Cut Amid Elevated Inflation Outlook
The Federal Reserve kept its benchmark rate unchanged and now anticipates only one rate reduction in 2026, as policymakers increased their inflation projections. Stocks declined following the announcement.
Nebius Secures $4B in Convertible Notes to Fund AI Expansion
Nebius shares gained 4.4% to $121.42 after the AI cloud company priced an upsized $4 billion convertible note sale. Proceeds will fund data center expansion and GPU purchases to support its growing AI infrastructure business.
Gold Tumbles to One-Month Low as Inflation Fears Boost Fed Rate Outlook
Gold declined 2.6% to $4,874.19 per ounce, hitting its lowest level since early February. The sell-off was driven by a stronger dollar and surging energy prices, which reinforced market bets that the Federal Reserve will delay rate cuts.
IBM Completes $11 Billion Confluent Acquisition, Stock Trading Halted
IBM has finalized its $11 billion acquisition of Confluent Inc., with the data-streaming company's shares ceasing public trading at the agreed $31 per share cash price.
Micron Gains Ahead of Q2 Report on Nvidia HBM4 Shipments, Supply Expansion
Micron shares advanced Wednesday ahead of its fiscal Q2 results, buoyed by the start of volume shipments for its high-bandwidth HBM4 memory to Nvidia and plans to build a second fabrication plant in Taiwan.
Greene King Restructures Pub Estate, Sells 150 Sites Amid Leadership Shift
Greene King is undertaking a major restructuring, planning to sell 150 managed pubs and transition another 150 to leased or franchised models. The move follows a portfolio review and the departure of Pubs Managing Director Zoe Bowley.
Tesla Shares Steady Near $400 on Samsung Chip, Battery Plant Developments
Tesla shares traded around $398 amid news of Samsung's planned chip production for Tesla starting in late 2027 and a confirmed $4.3 billion battery plant with LG Energy Solution. However, analysts have significantly reduced 2026 delivery growth projections.
Jury Deliberates Musk Twitter Fraud Case Over 'On Hold' Tweet
A federal jury is deliberating whether Elon Musk committed fraud with his 2022 statements about the Twitter acquisition and fake accounts. The class action covers investors who sold stock between May and October 2022.
Rocket Lab Announces $1B Stock Offering, Shares Retreat After Neutron Rally
Rocket Lab shares declined nearly 9% after the company filed to sell up to $1 billion in common stock via an at-the-market offering, tempering recent gains driven by Neutron rocket development and defense contract wins.
Fed to Maintain Rates Amid Oil Spike and Inflation Pressure
The Federal Reserve is likely to keep interest rates unchanged Wednesday, with surging oil prices and persistent inflation delaying anticipated rate cuts. Key data shows consumer prices rose 0.3% in February while payrolls declined by 92,000.
Lumentum Surges on $1.25B AI Revenue Target, Backed by Nvidia
Lumentum shares soared after projecting a path to $1.25 billion in quarterly revenue from AI data-center demand, buoyed by a $2 billion investment from Nvidia. Rival Coherent also gained, forecasting a $70 billion datacenter market by 2030.
GEICO Advances $2.7M Fraud Suit Amid March Madness Marketing Push
A New York federal judge allowed most of GEICO's $2.7 million civil racketeering and fraud claims to proceed against medical providers. The legal move coincides with the insurer's launch of a March Madness docuseries on Paramount+.