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Credo’s stock surges. Here’s why its new acquisition ‘makes perfect sense.’
Bringing silicon photonics technology in-house will improve supply chain and cost structure, one analyst said. Article Attribution | Read More at Article Source
Globalstar’s stock is soaring. Amazon is buying the company to challenge Elon Musk and Starlink.
Globalstar’s stock is heading toward an 18-year high on the back of an Amazon buyout deal, and has quadrupled over the past 12 months. Article Attribution | Read More at Article Source
WNBA No. 1 pick Azzi Fudd to make $2.2 million, up 500% from Caitlin Clark’s rookie deal
The WNBA’s latest labor agreement paved the way for the league’s wealthiest rookie class ever Article Attribution | Read More at Article Source
Wholesale inflation jumps to highest level in three years — but the news is not all bad
U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy, the increases in the cost of other goods and services were surprisingly tame. Article Attribution | Read More at Article...
The private-credit mess won’t lead to a financial crisis like 2008’s, says top IMF official
Tobias Adrian, the IMF’s monetary and capital-markets director, says incentives today are better aligned among issuers of private credit and investors in it than was the case when subprime mortgage debt fueled the global financial crisis. Article Attribution | Read...
Why gas prices haven’t hurt consumers yet, according to JPMorgan
JPMorgan Chase beat first-quarter earnings expectations, with volatility from the Iran conflict leading to record market revenue and with consumers continuing to spend in the face of higher gasoline prices. Article Attribution | Read More at Article Source
United Airlines reportedly pitched government on American Airlines deal. Its CEO wants to take advantage of high oil prices.
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market. Article Attribution | Read...
BP sees ‘exceptional’ oil-trading result as prices spike
The British oil company expects significantly better performance in oil trading this quarter compared with the previous one. Article Attribution | Read More at Article Source
Why two Wall Street titans just turned bullish on U.S. stocks
Citigroup and BlackRock Investment Institute have both turned bullish on U.S. stocks. They say tech dominance is a part of that. Article Attribution | Read More at Article Source
Wholesale inflation jumps to highest level in three years
U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy the cost of other goods and services were relatively tame. Article Attribution | Read More at Article Source
Fink hails one of BlackRock’s ‘strongest starts to a year in our history’
The world’s biggest asset manager beat earnings forecasts after a surge into its exchange-traded funds Article Attribution | Read More at Article Source
Wells Fargo sees little change in guidance despite spike in oil prices
The fourth-largest lender in the U.S. said its outlook for net interest income and noninterest expense in 2026 has remained unchanged Article Attribution | Read More at Article Source