AMD Rises After BofA Keeps Buy Rating Ahead of AI Event Spurring Investor Debate
Advanced Micro Devices' stock rose about 3% on Thursday after BofA Securities maintained its Buy rating ahead of the company's AI event on Oct. 10.Analysts led by Vivek Arya said their top AI picks re
Top Calls on Wall Street: Nvidia, Apple, Broadcom, Boeing, Bank of America, IBM, Meta, Uber & More
Here are Tuesday’s biggest calls on Wall Street:Wells Fargo downgrades Boeing to underweight from equal weightWells said in its downgrade of the aerospace giant that it’s a “cash opportunity missed.”“
The Make-or-Break Moment That Will Determine the Economy's Fate
There's a saying that economic expansions don't die of old age: They're murdered by the Federal Reserve.Fed Chair Jerome Powell has spent the past two years determined to beat inflation even if it resulted in recession. Now he's on the brink of winning the battle without bringing down the economy, but the next few months will be crucial.If he succeeds and maneuvers the economy to a soft landing that brings inflation down without a big rise in unemployment, it'll be a historic achievement worthy of the central banking Hall of Fame. If he fails, the economy will slide into recession anyway under the weight of higher interest rates -- and he'll have proved the old maxim about the Fed.For Powell, the last phase of the Fed's inflation fight marks a make-or-break moment. How he plans his approach will loom over the central bank's annual conference in Wyoming's Grand Teton National Park this week, including during a widely anticipated speech on Friday.Powell is navigating against the backdrop
Crypto Shares Dropped in Morning Trading, With Bit Digital Falling over 7%
Crypto shares dropped in premarket trading.The9, Canaan, MicroStrategy fell over 4%; Marathon Digital, Bit Digital fell about 2%; Coinbase, Riot Blockchains fell over 1%.MicroStrategy CEO Michael Saylor disclosed in an SEC filing on Thursday after the bell a sale of 5,000 shares of the company worth about $7.3 million.