BofA: As AI matures, Nvidia won’t be the only pick-and-shovel company to thrive
For investors trying to play a gold rush, it’s important to look at who sells the picks and shovels to miners. In the case of the artificial-intelligence revolution, Nvidia Corp. NVDA, +2.20% has established itself as the biggest beneficiary of that gold rush, thanks to its valuable graphics processing units that accelerate machine learning and […]
Chipotle plans price increases after pausing hikes this year
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters Chipotle Mexican Grill is planning to raise prices again. “For the first time in over a year, we will be taking a modest price increase to offset inflation,” Chipotle Chief Corporate Affairs Officer Laurie […]
Goldman warns of hit to Q3 earnings on deal to offload GreenSky
David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm […]
Goldman warns of hit to Q3 earnings on deal to offload GreenSky
David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm […]
‘Barbie,’ a rare original-film blockbuster, will not reverse the franchise flood
“Barbie” racked up superlatives and was the unlikely original film to dominate the box office this summer. But as film studios and advertisers search for takeaways and Hollywood writers get back to work, analysts say the film’s success will be hard to repeat and is unlikely to stop the deluge of franchise movies, remakes and […]
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Shares of EV charging network operator ChargePoint Holdings were trading lower on Wednesday after the company said it’s raising $232 million via stock sales. Shares were down about […]
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Shares of EV charging network operator ChargePoint Holdings were trading lower on Wednesday after the company said it’s raising $232 million via stock sales. Shares were down about […]
U.S. corporate bankruptcies accelerate in third quarter as 2023 rivals 2020 as worst year in more than a decade
U.S. bankruptcy filings continued to mount in September, leaving 2023 on track to potentially surpass 2020 as the worst year for corporate bankruptcies in more than a decade. S&P Global Market Intelligence recorded 62 bankruptcy filings in September, bringing the total for the third quarter to 182, up from 157 during the second quarter. That […]
Adjustable-rate mortgage demand spiked last week. Here’s why.
A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total mortgage application volume very […]
Supreme Court won’t hear challenge to FDA rejection of flavored vapes
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California. Justin Sullivan | Getty Images The Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration’s authority to reject approvals of flavored electronic cigarettes. The case is one of several challenges to the FDA’s regulation of […]
