The financial services industry has been grabbing headlines lately, and not exactly for the right reasons. The recent collapse of SVB Financial sent shockwaves throughout the sector. The issues that plagued SBV Financial were self-inflicted and are unlikely to affect larger, well-established banks.
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
This company has been around for decades, but the recent AI boom has supercharged growth.
The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
The losses in the stock market accelerated after Super Micro Computer announced earnings without preannouncing results.
"We do not expect bitcoin price increases post halving as it has been already priced in," JPMorgan says, adding that they see a downturn ahead.