By Max A. Cherney SAN FRANCISCO (Reuters) -Chip designer Arm Holdings topped revenue and profit expectations for the second quarter on Wednesday, in part because customers like Apple are using a more profitable version of its next-generation technology. The company, however, forecast current-quarter revenue with a midpoint that was merely in line with estimates, and […]

Key Takeaways The S&P 500 surged 2.5% on Wednesday, Nov. 6, as investors absorbed election results and attention shifted toward Thursday’s Fed rate announcement. Discover Financial stock soared as the outlook improved for eventual regulatory approval of the credit card issuer’s proposed merger with Capital One. Other post-election winners included steelmaker Nucor, while shares of

Shares of energy drink company Celsius Holdings (NASDAQ: CELH) crashed on Wednesday after the company reported financial results for the third quarter of 2024. The results disappointed investors on both the top and bottom lines. As of 11:45 a.m. ET, Celsius stock was down 10% and had hit new 52-week lows. The headline numbers for

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). Tom Williams | Michael A. McCoy | Reuters The race to control the House is undecided, though Republicans are already expressing early optimism about securing a governing trifecta with their new Senate majority and freshly minted President-elect

Shares of Home Depot (NYSE: HD) were pulling back today even though there was no company-specific news out on the stock. Instead, investors in the home improvement retailer were reacting to Donald Trump’s victory. While stocks were up broadly, the real estate sector was down as Treasury yields jumped, a sign that investors think that

Key Takeaways Trump’s win is seen as a positive development for crypto — as illustrated by the latest rise of bitcoin prices, which earlier touched record highs. More regulatory clarity for stablecoins and crypto assets generally could see progress in Congress as more pro-crypto lawmakers take office. Two areas to watch under Trump could be

It’s turning out to be a busy day in the stock market after election results have rolled in. Donald Trump’s reelection has stocks in some sectors soaring and others dropping. But the electric vehicle (EV) sector is looking a bit more nuanced. While EV start-up Rivian Automotive (NASDAQ: RIVN) shares were down about 9% in

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Reuters Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect

Trump Media & Technology Group stock (DJT) surged as much as 25% in early trading on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election. Shares pared gains to just under 10% by mid-afternoon. With a win in Wisconsin, Trump secured the 270 electoral college votes needed to win, according to

The U.S. voted to return Donald Trump to the White House Tuesday night, and the effects are making themselves felt across the stock market Wednesday morning. While not all votes have yet been tabulated, early Wednesday morning it’s looking entirely likely that not only did Republicans win the popular vote and the Electoral College (with