Author: Jeffery Carter

Check out the companies making headlines in midday trading: Palantir — The technology stock tumbled 5.2%. The stock is also on pace to see back-to-back losses of 10% or more for the first time ever. Shares took a hit after the disclosure of a new stock sale plan by CEO Alex Karp and comments from Defense Secretary Pete Hegseth pledging to slash defense spending. Robinhood Markets — The commission-free financial services provider briefly fell as much as 8.4% as part of a sell-off in speculative stocks such as Palantir. It closed around 5.4% lower. Walmart — The big-box discount retailer…

SAG Awards red carpet: See Millie Bobby Brown, more arrivalsU.S. Politics Sports Entertainment Life Money Travel Opinion CrosswordONLY AT USA TODAY:OUR PORTFOLIO:Screen Actors GuildAdd TopicNeilson Barnard, Getty ImagesPamela AndersonFREDERIC J. BROWN, AFP Via Getty ImagesMillie Bobby BrownAmy Sussman, Getty ImagesMillie Bobby BrownROBYN BECK, AFP Via Getty ImagesDemi MooreNeilson Barnard, Getty ImagesAriana GrandeROBYN BECK, AFP Via Getty ImagesAriana GrandeROBYN BECK, AFP Via Getty ImagesCynthia ErivoAmy Sussman, Getty ImagesCynthia ErivoROBYN BECK, AFP Via Getty ImagesSelena GomezAmy Sussman, Getty ImagesSelena GomezROBYN BECK, AFP Via Getty ImagesMikey MadisonAmy Sussman, Getty ImagesZoe SaldanaROBYN BECK, AFP Via Getty ImagesTimothee ChalametAmy Sussman, Getty ImagesJodie Foster (R) and…

Nvidia’s (NVDA) earnings will be a critical test for the AI trade following the stock’s sluggish start to the year. But even if the chip giant beats Wall Street’s lofty expectations, it doesn’t guarantee the stock will regain its lost momentum. In fact, the road ahead is likely to be bumpy as concerns surrounding China’s AI startup DeepSeek, slowing growth, and export restrictions remain potential overhangs on the stock. And that’s prompting Wall Street to send a clear message: brace for a wild ride. “We’re expecting significant volatility … we’ve seen that play out every time,” Raymond James chief market…

Tech companies, data center developers, and power utilities have been panicking over the prospect of runaway demand for electricity in the U.S. in the face of unprecedented growth in AI. Amidst all the hand wringing, a new paper published this week suggests the situation might not be so dire if data center operators and other heavy electricity users curtail their use ever so slightly. By limiting power drawn from the grid to 90% of the maximum for a couple hours at a time — for a total of about a day per year — new users could unlock 76 gigawatts…

Dan Bongino in Hollywood, Florida on Nov. 17, 2022.Jason Koerner | Getty Images Entertainment | Getty ImagesPresident Donald Trump said in a post on social media Sunday that Dan Bongino, a conservative talk show host, will be deputy director of the FBI.Bongino will join Kash Patel, who was recently confirmed by the Senate as director of the FBI. Trump said Bongino was named to the role by Patel. The position does not require Senate confirmation.”Great news for Law Enforcement and American Justice!” Trump posted on his social media network, Truth Social, calling Bongino “a man of incredible love and passion for our Country.”Bongino was previously a New York City police offer, and a member of the U.S. Secret Service. He most recently…

Oil prices edged lower on Thursday after an industry report showed a build in U.S. crude stockpiles and as tariff concerns weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia.Bloomberg | Bloomberg | Getty ImagesOil prices rose for a three-day gain on Thursday after data showed gasoline and distillate draw down in the U.S. while worries about supply disruptions in Russia supported prices.Brent futures rose 44 cents, or 0.58%, to close at $76.48 a barrel. U.S. West Texas Intermediate crude futures (WTI) for March delivery gained 32 cents, or 0.44%,…

The Screen Actors Guild could have finally given us clear frontrunners in a wild Oscar season. Instead the thespians choose chaos.Papal thriller “Conclave” won best ensemble Sunday at the 31st Screen Actors Guild Awards, beating “Anora” and derailing its best picture momentum after directors’ and producers’ guild wins. Being that the actors are the largest voting body for the Academy Awards, “Conclave” could have a bit of an edge now for the top prize going into next Sunday’s 97th Oscars ceremony.Timothée Chalamet (“A Complete Unknown”) and Demi Moore (“The Substance”) also picked up key best actor and actress wins at…

By Wayne Cole SYDNEY (Reuters) -European shares and the euro climbed on Monday as Germany’s election produced a mainstream outcome, while Wall Street futures firmed on hopes results from AI diva Nvidia this week would justify the tech sector’s sky-high valuations. DAX futures jumped 1.1%, while the single currency rose 0.5% to $1.0516 and looked set to test its January top at $1.0535. EUROSTOXX 50 futures added 0.4% and FTSE futures 0.1%. German’s new conservative leader Friedrich Merz still has to form a coalition government and it is not yet clear whether that will include one or two partners, with…

EnCharge AI, a semiconductor startup developing analog memory chips for AI applications, has raised more than $100 million in a Series B round led by Tiger Global to spur its next stage of growth.  The funding is significant partly because interest in AI is at an all-time high, but the high price of building and operating AI services continues to be a red flag. EnCharge, spun out from Princeton University, believes its analog memory chips — envisioned to be embedded in devices such as laptops, desktops, handsets, and wearables — will not only speed up AI processing, they’ll help bring…

CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street and highlighted earnings reports from Home Depot as well as tech giants Nvidia and Dell. He also discussed the market’s decline over the past few sessions — especially the poor performance of formerly-hot growth stocks — predicting investors haven’t seen the end of the downturn.”Out of nowhere, the momentum stocks had a hideous downturn today. It’s hurt many aggressive growth investors,” he said. “Can this pullback finally run its course? I hope so. If not, my prediction? More of the house of pain.”On Monday, Cramer will be following…