Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMicron shares rose in extended trading on Wednesday after the chipmaker reported better-than-expected earnings and revenue and issued a forecast that also topped analysts’ estimates.Here’s how the company did in comparison with the LSEG consensus:Earnings per share: $1.91, adjusted vs. $1.60 expectedRevenue: $9.3 billion vs. $8.87 billion expectedMicron said revenue in the current period, its fiscal fourth quarter, will…
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U.S. Senate Minority Leader Chuck Schumer, D-N.Y., speaks at a press conference following the U.S. Senate Democrats’ weekly policy luncheon on Capitol Hill in Washington, D.C., on June 10, 2025.Kent Nishimura | ReutersSenate Minority Leader Chuck Schumer, D-N.Y., was treated for dehydration at a Washington area hospital Wednesday, his office said.”Leader Schumer was at the Senate gym this morning and got lightheaded,” said a spokesperson for the 74-year-old Democratic leader.”Out of an abundance of caution, he went to the hospital to be treated for dehydration and is now back at work in the Capitol. He wants to remind everyone to drink…
New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) speaks to supporters during an election night gathering at The Greats of Craft LIC on June 24, 2025 in the Long Island City neighborhood of the Queens borough in New York City. Michael M. Santiago | Getty ImagesShares of New York regional bank Flagstar slid 6% on Wednesday after the apparent victory of Zohran Mamdani in the New York City Democratic mayoral primary.Flagstar is the rebranded name of New York Community Bancorp, which came under pressure in 2024 in part due to its real estate exposure. Former Treasury Secretary Steven Mnuchin…
The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record.But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading.Washington, D.C., figured in a major way in the latest crypto headlines.Fed Chair Jerome Powell spoke about crypto in his testimony before the Senate Banking Committee on Wednesday morning, saying the stablecoin industry has matured significantly over the past few years, and increasingly become part of the mainstream financial landscape. The…
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia. Kevin Carter | Getty ImagesARLINGTON, Texas — Southwest Airlines is considering airport lounges, more premium seating and even long-haul international flights to win over high-spending customers, CEO Bob Jordan said Wednesday.”Whatever customers need in 2025, 2030, we won’t take any of that off the table. We’ll do it the Southwest way but we’re not going to say ‘We would never do that,'” Jordan said in an interview with CNBC at an airport industry conference. “We know we send customers to other airlines because…
The S & P 500 is inching closer to a new all-time high, but chart experts are wondering if the rally is broad enough for more than a head fake. The broad index finished Tuesday’s session less than 1% below its record high. If the S & P 500 topped that threshold, it would mark the first fresh all-time high hit for the benchmark since February, before the market whipsawed in the aftermath of President Donald Trump’s tariff policy rollout. Now, market technicians are questioning whether the market’s upswing can include enough stocks to successfully trade at all-time highs over…
As the cost of President Trump’s tariffs drives up the prices of goods, retailers are speeding up the process of returns to rush items back onto the resale market as fast as possible.The segment of the supply chain responsible for the fast turnaround of returns is known as reverse logistics, where retailers inspect returned items and determine if they can be resold, repaired, or recycled, or if they need to be disposed. The more efficiently a retailer can manage the reverse logistics process, the faster the product can be resold — either at full price online or in-store, or at…
Jensen Huang, CEO of Nvidia, is seen on stage next to a small robot during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.Gonzalo Fuentes | ReutersNvidia CEO Jensen Huang said that, other than artificial intelligence, robotics represents the chipmaker’s biggest market for potential growth, and that self-driving cars would be the first major commercial application for the technology.”We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,” Huang said on Wednesday, at Nvidia’s annual shareholders meeting, in…
While the broader semiconductor sector — represented by the VanEck Semiconductor (SMH) ETF and many of its well-known components — are pushing toward new all-time highs, Intel (INTC) remains a notable laggard. Its all-time high of $68 was set way back on Jan. 27, 2020 — more than five years ago. Simply put, waiting around for INTC to catch up would have come at a significant opportunity cost —potentially thousands of basis points lost to more dynamic names in the space. That said, ignoring INTC altogether is not the right move — especially when it begins to show real signs…
The New York Stock Exchange in lower Manhattan on Nov. 24, 2020 in New York City.Spencer Platt | Getty Images News | Getty ImagesThe Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards.Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation’s largest banks.However, in recent…
