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COVID 19 Articles
More Americans are tapping investments to pay for spending, analysis finds
A growing share of Americans are withdrawing money from investment accounts to fund spending, according to JPMorgan Chase research, reflecting deeper ties between household finances and stock market performance.
Average five-year fixed mortgage rate hits 6% for first time in three years
Five-year fixed mortgage rates have reached 6% for the first time in three years as bond market volatility increases borrowing costs for lenders, dramatically reducing affordable options for borrowers.
Bond losses may offer investors a tax break. Here’s how tax-loss harvesting works
Rising Treasury yields have left bond investors with unrealized losses, creating potential tax-loss harvesting opportunities to offset capital gains before year-end.
UK savings: 5% interest rate deals may not last, say experts
UK savings rates have reached competitive levels with National Savings and Investments offering over 5% on some accounts, though experts warn these attractive deals may not persist as providers manage inflows.
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Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell shares surged 9% after reporting fiscal second-quarter results and raising full-year guidance, driven by strong demand for AI infrastructure servers.
Oracle posts 30% revenue growth fueled by AI cloud demand as debts hits $125 billion
Oracle reported 30% revenue growth for the latest quarter, beating estimates, with cloud revenue surging 62% and the company guiding to 30% to 34% growth for the next quarter.
CoreWeave (CRWV) Is Charging More for AI Compute, and Customers Keep Paying
CoreWeave raised prices for AI computing capacity, with new contracts fetching roughly $40 million in annualized revenue per megawatt, though the company continues operating at a loss.
Infosys (INFY) Lands a Brake Maker as Growth Stays in Low Gear
Infosys secured a long-term software management contract with brake maker Knorr-Bremse, though revenue growth remains subdued at 2.4% year-over-year despite AI representing 8.2% of quarterly sales.
Ferguson (FERG) Keeps Beating a Housing Market That Refuses to Cooperate
Ferguson Enterprises reported quarterly sales growth of 4.6% to $8.8 billion, but profit growth lagged as margins declined, signaling potential challenges ahead despite strong non-residential performance.
SpaceX Stock Has Gone Nowhere Since Its First Day of Trading
SpaceX shares closed at $152.71 on Friday, about 5% below their $160.95 first-day closing price from June 12, despite strong business fundamentals including 92% revenue growth.
Equinix Sees AI Driving Data Center Demand, Interconnection Growth
Equinix sees artificial intelligence driving demand for higher-capacity data centers and interconnection services, with its interconnection business growing 9% and management projecting 9%–12% annual adjusted funds from operations per-share growth through 2029.
Interactive Brokers (IBKR) Turns Every Revenue Dollar Into 77 Cents of Pretax Profit
Interactive Brokers reported earnings of $0.69 per diluted share for the quarter ended June 30, with net revenues rising to $1.90 billion and a pretax margin reaching 77%.
Prudential (PRU) Is Leaving Emerging Markets, And This $185M Sale Proves It
Prudential Financial announced the sale of its stake in Alexforbes to multiple buyers for approximately $185 million, marking a strategic exit from emerging markets as the company refocuses operations.
Lincoln 1-2 Swansea: Vitor Matos’ Swans go top after comeback win
Swansea defeated Lincoln 2-1 in a comeback victory to move atop the Sky Bet Championship table, with Stephen Eustaquio scoring the decisive goal after the hosts led at halftime.
Queens Park Rangers 2-2 Preston: Paul Smyth strikes equaliser in comeback for 10-man QPR
Paul Smyth scored a 90th-minute equaliser as 10-man QPR drew 2-2 with Preston, rallying from two goals down after Johnny Kenny’s early brace had put North End in control.
Portsmouth 2-2 Blackburn: Colby Bishop earns a point for Pompey
Colby Bishop scored a late equalizer as Portsmouth drew 2-2 with Blackburn at Fratton Park, with the deflected goal earning Pompey a point after trailing in the match.