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Micron delivers record quarterly revenue, supporting investors’ ‘super-bullish’ outlook
1750900080 from MWATCH
Micron Technology Inc.’s earnings results for the May quarter came in above Wall Street’s expectations Wednesday, as demand for artificial-intelligence chips boosts sales for its high-bandwidth memory chips.
Office-furniture maker Steelcase cut jobs in the first quarter. And more cuts could be coming.
1750889340 from MWATCH
Shares of Steelcase Inc. fell after hours on Wednesday, after the office-furniture maker’s second-quarter outlook disappointed investors, amid weaker demand from its government customers and in Europe that could bring more cuts after a recent round of layoffs.
Why this banking proposal may mean good news for the bond market and investors
1750873200 from MWATCH
U.S. regulators took their first concrete steps on Wednesday toward deregulating banks in a way that is seen as likely to have big implications for the Treasury market, investors and the broader financial market.
Why more big companies like Sherwin-Williams are talking about immigration on their earnings calls
1750852800 from MWATCH
As President Donald Trump and his fellow Republicans in Congress take tougher stances on immigration issues, there has been a surge in mentions of immigration in quarterly earnings calls of S&P 500 companies.
FedEx hopes to save $1 billion this fiscal year. But its forecast is sinking shares.
1750797720 from MWATCH
FedEx Corp. on Tuesday forecast a fiscal first-quarter per-share profit that came in shy of Wall Street’s expectations, sending shares of the package-delivery giant lower in after-hours trade.
Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined
1750778220 from MWATCH
Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said the Fed is holding off for now because of an expected increase in inflation from U.S. trade wars.
Bing Crosby’s longtime California sanctuary sells for $25 million; buyer wants to ‘embrace the legacy of the property’
1750755540 from MWATCH
Crosby’s former California mansion has sold to a buyer who is planning a worthy encore for the iconic property that will honor the singer’s incredible legacy.
Palantir could profit from the Middle East conflict. But here’s why Wall Street thinks its stock is overpriced.
1750711320 from MWATCH
The average analyst’s stock-price target implies Palantir’s stock is well overpriced, even though the company stands to benefit from defense and intelligence offerings.
Hims & Hers’ stock plunges. Here’s why Wegovy parent ended its partnership with the company.
1750700280 from MWATCH
Hims & Hers Health Inc.’s stock was headed for a record session of losses Monday after pharmaceutical giant Novo Nordisk, maker of the weight-loss drug Wegovy, said it was ending a collaboration with the telehealth-consultation company less than two months after it started.