GameStop short sellers lost almost $1 billion in Monday’s monster rally
The jaw-dropping rally in GameStop on Monday caused losses approaching $1billion for short sellers, according to data from S3 Partners. With GameStop soaring 74%, short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer, data firm…
Stock market today: US stocks rise ahead of a big week with April inflation on deck
US stocks edged higher on Monday ahead of a busy week of economic data that could shake stock prices. The S&P 500 was within striking distance of its all-time high Monday morning, while the Dow Jones Industrial Average is…
Indian stock market: 7 key things that changed for market overnight – Gift Nifty, India inflation to GameStop rally
Indian stock market: The domestic equity market may open on a cautious note Tuesday following mixed cues from global peers. Asian markets traded mostly higher, while US stocks ended mixed with the Dow Jones Industrial Average snapping an eight-day winning…
Stock Market Today: S&P 500 flat ahead of key inflation data
Investing.com — The S&P 500 was flat Monday as investors awaited key inflation report due later this week that will likely play a role in shaping the Federal Reserve’s monetary policy outlook. At 16.00 ET (21:00 GMT), the Dow Jones Industrial…
TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips
The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after sales increased by 34.3% in March, buoyed largely by insatiable appetite for AI semiconductors. The global smartphone industry returned to growth…
US consumer sentiment at six-month low; inflation expectations rise
WASHINGTON, May 10 (Reuters) – U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned against drawing conclusions on the implications for the economic outlook. The…
Wall Street closes up, another weekly gain ahead of inflation data
NEW YORK, May 10 (Reuters) – U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week. The…
Nvidia Stock Drops After Rival AMD Gives Uninspiring Outlook
Nvidia stock fell Wednesday after rival AI chipmaker Advanced Micro Devices disappointed investors with its tepid guidance. Semiconductor stocks overall took a bath following quarterly reports from AMD and Skyworks Solutions. Late Tuesday, AMD matched Wall Street’s earnings target for the first quarter but…
US Fed Rate Decision Live Updates: All eyes on FOMC
The US Federal Reserve’s Federal Open Market Committee (FOMC) will decide on the next course of action in America’s monetary policy, today. Fed Chair Jerome Powell will announce the decision to cut or raise interest rates, or to maintain the…
US Fed Meeting Outcome LIVE: Key highlights of Powell-led FOMC decision
-Benchmark interest rates unchanged at 5.25-5.50 per cent, held at 23-year high mark -Fed to not cut rates until inflation move sustainably to two per cent target. -Lack of further progress on inflation, economic outlook uncertain, says Fed -Fed to…