Alphabet tops $100 billion quarterly revenue for first time, cloud grows 34%
Alphabet reported third-quarter earnings after the bell Wednesday.
Carvana’s third-quarter results rise on used vehicle demand
Demand for used vehicles has remained strong as consumers flock to older cars to avoid hefty price tags on new ones caused by tariffs.
Blackrock Co-CIO Jeff Shen stays upbeat on U.S. stocks, sees opportunities abroad
Shen pointed to international markets — from Europe to Asia — as potential beneficiaries of the global easing cycle and the broader AI-driven investment boom.
FDA to speed up approvals of generic biologic medicines as Trump targets high drug costs
It’s the Trump administration’s latest move to rein in high prescription drug costs in the U.S., and could be a blow to pharmaceutical companies.
10-year Treasury yield surges back above 4% after Powell says December rate cut far from certain
U.S. Treasury yields rose on Wednesday after the Federal Reserve cut interest rates for the second time this year.
There were two Fed dissenters: Miran wanted a bigger cut and Schmid voted for no easing at all
Federal Reserve Governor Stephen Miran instead called for a half-point cut, while Kansas City Fed President Jeffrey Schmid voted for no decrease.
Government shutdown could cost U.S. economy up to $14 billion, CBO says
The closure of the government, already the second-longest in U.S. history, becomes more expensive the longer it drags on, CBO Director Phillip Swagel said.
It’s tech’s biggest earnings day. What top analysts are looking for in Microsoft, Meta and Alphabet results
Analysts are closely watching megacap tech earnings as the reports could be a crucial signal about where the U.S. stock market is heading.
Fed cuts rates for the second time this year, will end balance sheet run-off in December
The Federal Reserve on Wednesday released its interest decision following a two-day meeting.
Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more
These are the stocks posting the largest moves midday.