Microsoft (MSFT) shares climbed on Tuesday, putting the stock on track for a record closing high as the technology company expanded its artificial intelligence infrastructure and regained a market capitalisation above $4 trillion. The stock rose 1.84% to $551.15 during Tuesday’s session. The stock was trading at $548 at the time of writing. If the
Robert E. Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economics on Monday for their work that helps smooth out the economy’s peaks and troughs. The Royal Swedish Academy of Sciences announced the decision, honouring the duo’s work on “microeconomic foundations of macroeconomic stabilisation.” Their work focuses on how decisions made by
Lockheed Martin stock has come under pressure and is underperforming the broader market this year. It was trading at $509 on Friday, down by 26% from its highest point this year, and this sell-off may continue as Anduril launches a new interceptor missile known as Steelfin. Anduril is working on Steelfin, challenging Lockheed Martin For
US stocks gained on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook. The Dow Jones Industrial Average gained 198 points while the S&P 500 was up 0.05%. The Nasdaq Composite fell 0.13%. Investors
Oil prices jumped around 2% on Monday as geopolitical tensions continued to keep pressure on global energy markets. Brent crude futures rose roughly 2% to $106.73 at the time of writing, while West Texas Intermediate (WTI) crude futures climbed close to 2% to $93.72. The gains came despite hopes of de-escalation between the United States
Salesforce stock CRM gained more than 2% on Monday after Bank of America upgraded the shares to Buy from Underperform, citing the potential for artificial intelligence to strengthen demand for enterprise software platforms. The company also announced an agreement to acquire Loops, an AI-powered analytics startup, as it expands its strategy for AI-driven business intelligence.
Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument. The companies span nuclear components, sports betting and grocery retail, and share little beyond the timing of their earnings. Two reach the list through rating upgrades, while the
Bears are broadly in control of JPMorgan (JPM) stock heading into the bank’s Q3 earnings on Oct. 13 (before market opens), but the derivatives market believes the dynamic will shift after the print. Consensus is for JPM to record $5.94 a share of earnings (EPS) for its third quarter on $51.2 billion in revenue, which
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip design that can store more data. Broader weakness in technology shares added to the selling pressure as oil prices climbed to their highest levels in
Coherent (COHR) stock has wavered since mid-August, in step with the consolidation among leading companies in the artificial intelligence industry. Shares were trading at $309.60 on Friday, about 30% below their high for the year. Even so, the company could benefit from strong demand for its optical solutions, particularly after Lumentum said it was sold