Business

(Reuters) -The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo due to deficiencies in its risk management practices. Shares of the bank fell 5% in afternoon trading. The regulator said …

Shares of Medical Properties Trust (NYSE: MPW) were rallying 16.8% in Thursday trading as of 12:45 p.m. ET. The medical property real estate investment trust (REIT) has a depressed stock price, as rising interest rates and problems with its largest tenant, Steward Health Care, forced the company to slash its …

There are a few things that United Parcel Service (NYSE: UPS), Walt Disney (NYSE: DIS), and Ford Motor Company (NYSE: F) have in common. They are Wall Street juggernauts, components of the S&P 500. The stocks all pay a dividend; two of the three currently top a 5% yield. They’re also …

Legacy chipmaker Intel (INTC) has shed 60% on a year-to-date basis due to the company’s lackluster performance in 2024 and the sizable losses it has been posting. While the bulls think Intel is a hidden gem with deep value, the bears believe it’s a value trap. So, what is it …

(Bloomberg) — Micron Technology Inc. shares tumbled on Thursday, with the maker of computer memory chips extending a recent selloff as BNP Paribas Exane warned that the stock would continue to underperform others connected to artificial intelligence. Most Read from Bloomberg Karl Ackerman downgraded the stock by two notches, to …

US stocks wavered on Thursday as investors digested fresh inflation and labor data testing high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 (^GSPC) fell 0.2% while the Nasdaq Composite (^IXIC) gained 0.1%, coming off sharp closing gains fueled by a tech rally. The Dow Jones Industrial …

US stock futures edged higher on Thursday as investors digested fresh inflation and labor data testing high-running expectations for a quarter-point interest-rate cut next week. Futures on the S&P 500 (ES=F) and the Nasdaq 100 (NQ=F) were relatively flat, coming off sharp closing gains fueled by a tech rally. Dow …

Nvidia (NASDAQ: NVDA) is the world’s leading supplier of high-end graphics processing units (GPUs) for data centers — hardware that provides the computing power necessary for the development and use of artificial intelligence (AI) systems. The chipmaker can’t keep up with the enormous demand for its top GPUs, which is …

Buying a stock on bad news may sound like a pretty bad idea at first. Why would you want to pick up shares of a company that’s facing a stumbling block? It’s important to consider the news carefully. If a particular company has been navigating rough waters but has a …

(Bloomberg) — Stocks rallied, tracking gains in Asian markets as a tech-fueled rebound spread globally. Most Read from Bloomberg Europe’s Stoxx 600 index jumped 1.2%, the most since mid-August, led by gains in the technology sector. Futures for the S&P 500 were up 0.2%. Treasuries were steady and the dollar …