US stock indexes fell Wednesday, with the S&P 500 and Nasdaq 100 hitting 1.5-week lows. Chip makers and major tech stocks declined, while geopolitical risks rose. Oil and precious metals surged. Stocks partially recovered after a positive Fed report and strong economic data.
Ferrari enters 2026 with strong brand and margins but must prove its luxury discipline and emotional appeal can survive electrification, pricing shifts, and capital investments.
A woman describes her father's empty fridge and his reluctance to accept help as his $750 rent leaves little from his $1,000 disability check.
SK Hynix will open a new Yongin factory three months early in February 2027 and start operating another plant next month to produce HBM chips for AI, as CEO Sungsoo Ryu cites 'tremendous' demand.
NORD/LB, Rabobank, and Siemens Bank provide €135 million for a 199-MW wind and solar portfolio in Aragón, Spain, acquired by ENCAVIS. The projects are operational or starting soon.
Thomas Peterffy expects ForecastEx to accelerate growth in 2026, driven by U.S. midterm election betting. He discusses integration plans, market optimism, and regulatory changes, while also commenting on Fed independence and credit card rate caps.
Bilt introduces three new credit cards with rates capped at 10% for the first year, including a premium option, as CEO Ankur Jain cites affordability needs. The launch follows President Trump's call for interest rate limits.
Duolingo stock surged in early 2025 but fell sharply by year-end despite strong earnings, as investors reacted to AI competition and a shift toward user growth.
Alphabet and Apple signed a multi-year AI deal on Jan. 12, 2026, integrating Google's Gemini into Apple devices, sparking immediate market reactions and analysis from a recent livestream.
HELOC rates dropped sharply to 7.44%, a three-year low, after a major lender resumed promotions. Analyst Ted Rossman notes a volatile two-week period and a general falling-rate environment.
US stocks fell Wednesday with tech and bank shares declining. Inflation data showed sticky prices, metals surged to records, and the Supreme Court delayed a tariff ruling.
President Trump calls for a one-year 10% cap on credit card rates, drawing criticism from bankers who warn it could restrict credit access. Details are expected in his upcoming Davos speech.
OpenAI agrees to buy up to 750 megawatts of computing power from Cerebras over three years, a deal valued over $10 billion, to accelerate AI inference and reasoning models.
Microsoft shares fell 2.4% to $459.49, nearing a key trendline. Options traders show bullish sentiment, and historical data suggests a potential rebound.
Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, the lowest since September 2022, according to Bankrate's survey. The drop follows a recent presidential announcement aimed at boosting mortgage-backed securities purchases.