News & Updates

All three of the market averages (^DJI, ^IXIC, ^GSPC) are selling off following the Federal Reserve's latest interest rate cut on Wednesday. This negative close marks the tenth straight losing session for the Dow Jones Industrial Average. The Nasdaq Composite lags the most, closing by 3.56% lower. Market Domination Overtime host Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market losses following the Fed's December rate cut. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, w

WASHINGTON (Reuters) -Despite a steady stream of meetings and calls with U.S. officials, and three revamped proposals to assuage national security concerns, Nippon Steel has failed to garner approval from a powerful panel reviewing its $14.9 billion bid for U.S. Steel, a letter seen by Reuters shows. The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it. The Committee on Foreign Investment in the United States (CFIUS), which reviews deals for national security risks, has a Dec. 23 deadline to approve the deal, extend the review, or recommend Biden scuttle it.

Inflation and recession fears aren’t at zero, but the environment next year should still benefit portfolios invested 60% in stocks and 40% in bonds.

Oklo — the nuclear power startup backed by OpenAI head Sam Altman — announced Wednesday it has signed an agreement to provide as much as 12 gigawatts of energy to Switch, an AI provider and data center operator. The advanced nuclear technology company said Wednesday the deal is to supply 12 gigawatts worth of nuclear projects to Switch through 2044. Oklo currently expects its first Aurora powerhouse nuclear reactor to be operational by 2027.

The Dow plunged Wednesday on a disappointing outlook from the Federal Reserve. In the process, the blue-chip index extended its losing streak to 10 days — the longest such stretch since Gerald Ford was president.

Micron Technology forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, as weakened prices of memory chips used in handsets and PCs weigh on earnings, sending its shares down 13.6% in extended trading. Micron's stock has fallen more than 30% from the record high it hit in June, weighed by disappointing consumer demand. The market for DRAM chips, which account for most of Boise, Idaho-based Micron's revenue, remains sluggish because of weak consumer demand and an ongoing supply glut.

We recently published a list of the 12 Best News and Digital Media Stocks To Buy. In this article, we are going to look at where Roku, Inc. (NASDAQ:ROKU) stands against other news and digital media stocks to buy now. American Consumers and Digital Media Digital experiences comprise a significant part of consumers’ lives in […]

On a per-share basis, the Boise, Idaho-based company said it had profit of $1.67. Earnings, adjusted for one-time gains and costs, were $1.79 per share. The results exceeded Wall Street expectations.

The Dow fell for the 10th day in a row, but its move in the wake of the latest Federal Reserve interest-rate decision was the only day that really mattered. The blue-chip index sank 1,123 points, or 2.6%, marking its longest losing streak since 1974. For much of the Dow’s losing streak, the index was weighed down by daily slides in UnitedHealth Group shares.