The latest Consumer Price Index (CPI) report for December has revealed an increase in inflation, surpassing economists’ expectations. While varying figures are reported, multiple outlets note a rise to 2.9% annual inflation, the highest since July. This uptick was fueled primarily by rising energy and food costs. However, there’s some debate around core inflation, with some reports suggesting a cooling or easing trend in underlying price measures. The higher-than-expected inflation m...
In a remarkable display of market confidence, Netflix’s stock experienced a significant surge, closing up 11% on Friday after the streaming giant reported third-quarter earnings that exceeded Wall Street’s expectations. The company not only surpassed earnings per share (EPS) predictions but also delivered impressive revenue figures, reinforcing its position as a dominant player in the streaming industry.
Analysts across the board expressed their optimism following the earnings announ...
In a startling turn of events, shares of Super Micro Computer Inc. (SMCI) have experienced a significant plunge, marking one of the most dramatic sell-offs in recent years. On Wednesday, the stock saw a decline of up to 24%, as the company announced an unexpected delay in the filing of its annual report on Form 10-K for the fiscal year ending June 30, 2024. This announcement has sent shockwaves through the investment community, raising concerns about the company’s financial reporting and interna...
In a dramatic turn of events, the Cboe Volatility Index (VIX) has seen unprecedented swings, reflecting investor anxiety amid a turbulent stock market. On Monday morning, the VIX surged above 60, a stark increase from Friday’s close of around 23, indicating heightened fear and uncertainty in the markets. This spike comes as investors grapple with significant losses, with the stock market plummeting over 5% during trading hours, pushing the VIX to its third-highest level ever at above 65.
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In recent trading sessions, Intel Corporation, a giant in the semiconductor industry, has found itself grappling with significant challenges that have led to a sharp decline in its stock value. On Monday, shares of Intel (NASDAQ: INTC) plummeted by 6.4%, a move that has raised alarms among investors and analysts alike. The downturn is largely attributed to a troubling inventory buildup in both PC CPUs and server CPUs, a situation exacerbated by a notable shift in capital expenditures among cloud...
