Rivian Automotive (NASDAQ: RIVN) stock is wrapping up the trading week on a high note, revving 10% higher to over $18 as of 12:30 p.m. ET -- and for a most surprising reason:This morning, investment bank Mizuho raised its price...
Intel (NASDAQ: INTC) stock gained 2.5% through 10 a.m. ET Friday on positive comments about the computer hardware titan's progress building a computer software business.As Reuters reports, Intel chief technology officer Greg Lavender painted a positive picture of Intel's software...
Volkswagen reportedly has secured production of solid state batteries developed with US startup QuantumScape, opens new tab, both companies have said.Under an agreement, VW battery unit PowerCo would receive the licence to mass-produce battery cells based on QuantumScape technology, pending...
A Wall Street revival provided a second-quarter boost to big banks at a time of rising challenges for their Main Street consumer operations.Investment banking fees jumped at JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) from a year ago...
After an ugly performance in 2022, Meta Platforms' (NASDAQ: META) stock has rebounded. It soared by 85% over the past 12 months and is now trading near the all-time high it set this month. But during that period, Meta's insiders...
Just hopped off the earnings media call with JPMorgan (JPM) CFO Jeremy Barnum (hat tip to Yahoo Finance banking reporter David Hollerith for getting his question taken before mine).Here was our exchange:Me: We got some cautious results from various consumer...
Citigroup Q2 Earnings: Personal Banking Growth, Profit Growth, In-line Outlook And MoreCitigroup Inc (NYSE:C) reported a second-quarter fiscal 2024 revenue growth of 4% year-over-year to $20.14 billion, beating the analyst consensus estimate of $20.07 billion. GAAP EPS of $1.52 beat...
'Nvidia Is Slowly Becoming The IBM Of The AI Era' Says Former AMD And Tesla Engineer. Here's The Problem With That ComparisonJim Keller, a well-known engineer who’s worked at AMD and Tesla and now leads the AI company Tenstorrent, recently...
WASHINGTON (Reuters) - U.S. producer prices increased moderately in June, further confirmation that inflation had resumed its downward trend and strengthening the case for a September interest rate cut.The producer price index for final demand rose 0.2% last month after...
Dow Jones futures and S&P 500 futures rose slightly Friday morning, while Nasdaq futures were flat and small-cap Russell 2000 futures jumped. JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) beat headline earnings views before the open, but shares...
