S&P 500 Hits Nine-Month High on Debt-Deal Signals: Markets Wrap
Stocks climbed on signals that American lawmakers are making progress on debt-ceiling talks and will be able to avert a first-ever default. Treasury yields…
Source: biztoc.com
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BofA Strategist Says Sell US Stocks as AI Seen Forming a Bubble
Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the…
Source: biztoc.com
Applied Materials Sees Sales Drop as Chipmakers Pull Back Spending
Applied Materials Inc. expects sales to decline in the current quarter as it grapples with a memory-chip slump, though the drop won’t be as sharp as some…
Source: biztoc.com
Banks Vying for Deposits Outbid by High-Yielding Treasuries
US banks have been locked in a grueling battle for deposits they once took for granted. And one of the toughest combatants in the fight is the federal…
Source: biztoc.com
California Mutual Fund Manager Gets Four Years in Prison in $106 Million Fraud
A California mutual fund manager was sentenced to four years in prison for defrauding investors whose $106 million he said would be put in US Treasury bills…
Source: biztoc.com