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Why Nvidia, Broadcom and other AI stocks are falling sharply
The AI trade is unwinding — with investors increasingly worried about debt raising by companies like Oracle and CoreWeave used to finance AI data-center buildouts.
Subprime auto lender CEO arrested on federal fraud charges, faces up to life in prison
Founder and CEO Daniel Chu and other executives of Irving-based Tricolor have been indicted on federal fraud charges in connection with the subprime auto lender’s sudden bankruptcy earlier this year.
Medline stock soars 41% after biggest IPO since 2021
On Tuesday night it priced its IPO at $29 a share, raising $6.26 billion and giving the company a market value of $54.5 billion. The shares opened for trading on the Nasdaq this afternoon at $35 and
Sheryl Sandberg says Silicon Valley’s hypermasculine rhetoric is 'terrible'—contributing to 'one of the worst' corporate climates she’s ever seen
We’ve seen this backsliding before, and that is not an excuse for companies not to do the right thing,” Meta’s former COO said.
These 76 bank branches could close with Fifth Third, Comerica deal
The acquisition is still subject to approval by the Fed and bank shareholders and the branch closures wouldn't happen until the second half of 2026.
Micron forecasts blowout earnings on booming AI market, shares rise 7%
Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, as prices soar for memory chips amid tight supplies and booming demand from
More drops for AI stocks drag Wall Street to its worst day in nearly a month
More drops for AI stocks dragged the U.S. market lower Wednesday, and Wall Street sank to its fourth straight loss. The S&P 500 fell 1.2% for its worst day in nearly a month, though it’s still not
The $8 billion black market for Venezuelan oil is suddenly closing down
About 70% of the country’s oil exports rely on a fleet of sanctioned vessels now being targeted by the U.S. military.
CNBC daily open: Oracle's debt seems to be affecting data center funding
Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to run into 2026."
Elliott builds over $1 billion stake in Lululemon
The activists’ arrival, and CEO candidate, comes as Lululemon founder Chip Wilson had already been agitating for change and weighing in on the CEO search. Before McDonald’s departure was announced,
These 10 markets may see the biggest homebuying surge as mortgage rates fall
NAR identifies 2026's hottest housing markets using job growth, inventory and rate data. Minneapolis, Jacksonville and Raleigh offer prime opportunities.
BP names Meg O’Neill new CEO — its fourth in 6 years
BP's share price is up over 15% year-to-date. It made gains in the previous session and after hours trading as investors responded to the news.
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