Goldman Sachs ‘ dealmaking prowess may grab all the glory, but the biggest driver of growth last quarter came from the daily-grind of equities trading. Sure, Goldman and the other top Wall Street banks were able to cash in on all the market volatility lately. Many are even on track for their best year ever…
The boom in GLP-1 weight-loss drugs and other specialized medicines has created lucrative logistics opportunities in an industry that pays a premium for reliability, visibility, and regulatory know-how. The expertise needed to properly transport these temperature-sensitive therapies is just part of the reason why FedEx created a dedicated unit to handle what has become a…
One down, three to go. Alphabet kicked off Big Tech earnings this week — telling Wall Street it plans to spend even more than previously expected on artificial intelligence. Now, the question is whether fellow Club names Amazon , Meta Platforms, and Microsoft will follow suit when they report next week. “Capex trends are going…
Apple’s stock has had a bumpy ride this year. But it’s been a lot more pleasant lately — so much so that shares posted their first record close in over a month during Thursday’s session. In doing so, Apple stands out among the rest of the “Magnificent Seven.” The other six members of the group…
Wall Street spent the week debating who the biggest winners and losers of the artificial intelligence boom will ultimately be. Memory chipmaker Micron’s blockbuster earnings reinforced the fervent demand for computing resources, but it also led investors to question whether the AI buildout is becoming too expensive for the hyperscalers funding it. The tech-heavy Nasdaq…
Alphabet has squashed concerns that artificial intelligence will destroy its Google tech empire. One of its biggest weapons in the fight: homegrown silicon chips. Google’s in-house tensor processing units (TPUs) serve as the engine to the company’s Gemini chatbot, which has bolstered its image in the past year against rivals like OpenAI’s ChatGPT. They also…
Apple shares took a big hit Thursday after the company announced bigger-than-expected price hikes on its MacBooks and iPads. It’s a bump in the road — but one that the tech giant is well-equipped to handle. The stock had its worst single session in more than a year, falling more than 6%, as management made…
AI data centers powered by off-grid power plants took a major step forward this week, a good sign for GE Vernova as industry challenges pile up. Monday’s announcement from Chevron that Microsoft has signed a long-term energy purchase agreement to fuel a massive new data center project couldn’t have come at a better time. Microsoft will…
Amazon ‘s four-day Prime Day event this week could reveal something more important for the e-commerce giant than just a big sales number. Wall Street will be watching to see if Amazon can further cement itself as consumers’ to-go destination for everyday essentials at a time when inflation-weary shoppers are focused on value. Prime Day…
A new deal from Eaton gives investors exactly what they want: a leaner company with greater exposure to the AI data center boom. Auto parts manufacturer Dana has agreed to combine with Eaton’s lagging Mobility business in a deal that values the unit at $5.1 billion, the companies said on Thursday. The move not only…
