Hackmann Wealth News Today

Executives of both AMD and Super Micro Computer said supply constraints were hampering their efforts to capitalize on demand for equipment powering the boom in generative AI

The tech-heavy Nasdaq and the benchmark S&P 500 slipped on Wednesday as chip stocks led losses on downbeat results and markets weighed fresh economic data ahead of the Federal Reserves interest rate...

Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors, who had piled into the sector on hopes rising AI investments would boost demand. AMD was down 5.4% and is on course to lose more than $13 billion in market value. Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year.

* Visa rises after Q2 results beat *...

Shares of New York Community Bancorp lost 22% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, as Moodys downgraded its long-term debt ratings to junk status

Wall Streets main indexes were mixed in choppy trading on Tuesday as investors scrutinized big-ticket earnings and awaited commentary from policymakers for clues on the timing of the Federal...

(Reuters) -Shares of New York Community Bancorp dived 25% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, and putting the stock on track to shed more than half of its value at the current levels.

Shares of New York Community Bancorp dived another 14% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week.

New York Community Bancorp stock value set to halve as slump extends

NEW YORK, Oct. 19 (Xinhua) -- The U.S. dollar lost in late trading on Thursday, after Federal Reserve Chair Jerome Powell said the U.S. central bank would be "proceeding carefully" on further interest rate hikes.