Nvidia shareholders urge board to consider Jensen Huang's return as CEO
Nvidia's CFO Colette Kress is serving as interim CEO while the board runs an independent investigation into national security concerns.
Finance
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Finance
The latest Finance stories from every daily digest.
Home sales fall to 16-year low as prices hit record high
Buyers pulled back as mortgage rates near 7%, pushing sales to their lowest level since the Great Recession.
Finance
Fed's Goolsbee calls October inflation report 'borderline disturbing'
Consumer prices rose 0.4% in October, more than economists expected, and Fed officials are weighing whether to raise rates again.
Finance
PepsiCo to cut about 1,000 jobs in North America to improve performance
The reductions are expected over the next week, according to an internal letter from the North America CEO.
Finance
Hot October inflation report sends stocks lower and pushes 10-year Treasury yield back to 5%
Traders now see a December Fed rate hike as nearly certain, with a small chance of a half-point increase.
Finance
Average new vehicle transaction price hits a record $51,109
The increase over the last record is about $500, though prices rose only 2.1% over the past year, below inflation.
Finance
Gas prices fall below $4 a gallon for first time in three months
Diesel is still far higher at $6.15 a gallon, while October consumer prices rose 0.4%, more than forecasters expected.
Finance
Dow jumps 900 points as oil prices fall and tech stocks rebound from last week's sell-off
Oil fell about 3% for U.S. crude, and the Dow moved back above its Election Day close, though the S&P 500 and Nasdaq remain slightly below.
Finance
Berkshire Hathaway more than doubles buybacks as third-quarter profit falls 28%
Operating earnings dropped 5.8% as insurance results weakened, while the company's cash pile grew to $377.4 billion.
Finance
Nasdaq rallies as chip stocks recover from steep losses
Strong October jobs data also lifted markets, with the Nasdaq ending up 1.1% after briefly trading 2% higher.
Finance
Stocks plunge as AI shares sell off after Democratic midterm wins
The Nasdaq fell 5.52% in its worst session since April 2025, and Asian markets followed lower on Friday.
Finance
Florida voters approve sweeping property tax cut for homeowners
Amendment 3 passed with 62% of the vote and raises the homestead exemption for non-school property taxes to $250,000 by 2028.
Finance
Tech stocks suffer worst day since 2020 as AI trade sells off; Nasdaq enters correction
The Dow fell 1,833 points and the S&P 500 lost an estimated $2.9 trillion in value, the largest one-day loss on record.
Finance
Tesla and SpaceX shares fall, erasing over $420 billion in combined market value
Musk's personal wealth has dropped below $800 billion after topping $1 trillion in June, according to Forbes.
Finance