(Bloomberg) — Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year. Most Read from Bloomberg Equities erased their losses for 2025, with the S&P 500 up about […]

David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.  Mike Segar | Reuters Goldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought. “It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco

Shares of Wolfspeed (NYSE: WOLF) are seeing explosive gains in Wednesday’s trading. The silicon carbide specialist’s share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain for the S&P 500 index and a 2% jump for the Nasdaq Composite index. Wolfspeed is surging today following fundraising news

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts. The explosive move in Rigetti Computing’s (RGTI) stock has its CEO cautioning investors that it will take time for the company to post sustainable sales growth and profits. “Particularly because of the hype that is going on

A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles, California, U.S. Jan. 13, 2025.  Daniel Cole | Reuters Tesla started offering discounts

Got an extra $1,000 you would like to put to work but don’t quite know how? Don’t make it complicated. Just poach a pick or two (or several) from one of the world’s best-known and most-proven stock pickers. He’s Warren Buffett, of course. There’s a reason he has been able to reliably lead Berkshire Hathaway to

Breaking up one purchase across a few credit cards is possible, especially if you’re at a physical store. It’s more of a mixed bag online. You may get to the final checkout screen, only to find that splitting payments isn’t an option with that particular retailer. Here’s what you need to know about split credit

The broader U.S. stock market has enjoyed a remarkable run since artificial intelligence (AI) emerged as a game changer in early 2023. The S&P 500 has rocketed over 50% higher over the past two years. Yet some AI stocks have made those gains look like child’s play. Since the beginning of 2023, social media giant

The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank Thursday held its benchmark policy rate at 3% in a surprise move, opting to assess changes in domestic and external economic conditions after having delivered two back-to-back cuts in its previous meetings. Economists

BERLIN (AP) — Germany’s economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery. The year’s weak performance underlines Germany’s status as Europe’s worst performing major economy and shows the country as having no meaningful