The western rival of Union Pacific said that the carrier’s latest regulatory filing doesn’t change the fact that the merger with Norfolk Southern will raise rates for shippers, and prices for consumers. “We are continuing to review the additional information submitted at the request of the Surface Transportation Board in regard to the proposed UP-NS…
What happened: Semiconductor stocks declined on Wednesday as a record profit from memory maker SK Hynix (000660.KS, SKHY) failed to lift the sector, further unwinding the AI trade. The PHLX Semiconductor Index (^SOX) fell more than 3%, extending losses from the prior session. AI chip heavyweight Nvidia (NVDA) stock dropped more than 2% while peer AMD (AMD)…
US stocks fell on Wednesday after Iran launched surprise attacks against the US, and as investors counted down to the Federal Reserve’s policy decision and earnings from two big spenders on AI. The S&P 500 (^GSPC) lost 0.8%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 1.1%. The Dow Jones Industrial Average (^DJI), which includes fewer…
Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military base…the first time the Army has ever done this. That same company closed $100 million in institutional financing, giving it a war chest of roughly…
By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) – South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms. To cushion itself against the industry’s volatile demand cycles, the company is racing to lock…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. How much money should you have by the time you turn 30? Social media has made it much harder to know what’s normal. Scroll through enough finance posts and you’ll quickly find people claiming to have $500,000, $1…
Robinhood Markets (Nasdaq: HOOD), the e-trading brokerage platform popular for its equity, crypto, and tokenized stock offerings, is set to report the earnings for Q2 2026 on July 29. Last quarter, the brokerage firm missed Wall Street estimates as it generated $0.38 in earnings per share (EPS) and $1.07 billion in revenue against the estimated…
An unexpected life event in your family can completely change the course of your financial future if you’re caught unprepared. Fortunately, a life insurance policy tailored to your specific needs can soften the financial blow and help you move forward on your terms. To help you avoid the confusion of trying to choose between countless…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
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