Stifel analysts upgraded Micron Technology to a Buy rating and raised its price target to $120 per share, predicting exponential growth based on the company's exposure in memory storage and AI hardware.
META (formerly known as Facebook) shares reached a record high due to strong advertising revenue, with PDD (parent company of e-commerce platform Temu) emerging as one of META's top advertisers, spending $2 billion on advertising.
Electric vehicle company Rivian has halted construction of its planned $5 billion vehicle and battery plant in Georgia, opting to start production of its R2 crossover at its factory in Illinois instead, citing supply chain issues, manufacturing challenges, and legal challenges to incentives for the Georgia project.
Apple and Tesla, two members of the 'Magnificent 7' group, have been underperforming compared to the rest of the group, raising questions about their continued inclusion in the elite club.
A United Airlines flight from San Francisco to Osaka, Japan, was diverted to Los Angeles International Airport after losing a tire during takeoff, causing damage to multiple cars in a surface parking lot before landing safely at LAX.
New York Community Bank (NYCB) has received a $1 billion investment, leading to the announcement of a new business plan, a second dividend cut, and a decline in deposits.
Sargento Foods is recalling shredded cheese from Rizo-López Foods due to a listeria outbreak, affecting certain food service customers, but not consumers.
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]: Federal investigators confirm pilots' account of a brief failure of rudder controls on a Boeing 737 Max at Newark Liberty International Airport, prompting further testing and investigation.
Rivian has officially unveiled its R2 electric SUV, which features a compact design, a range of at least 300 miles per charge, and multiple motor layouts, and the company has also surprised viewers with the announcement of the R3 and R3X models; however, Rivian has also faced difficulties, including employee layoffs.
Oscar Mayer, owned by Kraft Heinz, is set to launch meatless versions of its hot dogs and sausages, catering to consumers' desire for plant-based alternatives that offer the taste, color, and texture of real meat, through a joint venture with TheNotCompany.
Pressure is on Broadcom Inc. to demonstrate that AI demand will compensate for a decline in computer and telephone sales ahead of its earnings report, as concerns about a tech market bubble grow.
Elon Musk's attempt to sue OpenAI for betraying its original mission of "helping humanity" by becoming a profit-focused corporation has been nullified by the release of old emails showing that Musk had originally pushed for a for-profit, closed-source model that he could control.
Federal Reserve Chair Jerome Powell expects smaller and medium-sized banks to fail due to their exposure to the declining commercial real estate sector, but believes the Fed and regulators can manage the fallout and prevent a broader crisis.
Elon Musk is facing criticism for a deleted post in which he attacked Jeff Bezos' ex-wife, MacKenzie Scott, for her charitable donations to organizations focused on race and gender issues.
Warner Bros. Discovery plans to crack down on password sharing for its streaming service Max, following the lead of Netflix and Disney who have already implemented similar restrictions.
Rivian has introduced an all-electric hatchback called the R3, challenging Tesla's dominance in the smaller EV market, although details such as availability and pricing are yet to be revealed.
Boeing is under investigation after United Airlines pilots reported a "stuck" rudder pedal on a Boeing 737 Max during landing, marking the first instance of this issue on a 737 Max, but not the first on any Boeing plane.
An investigation is underway into a Boeing-manufactured United Airlines plane that experienced "stuck" rudder pedals during a landing rollout, prompting a review of the flight control system by the National Transportation Safety Board, Federal Aviation Administration, Boeing, and Collins Aerospace.
Ground cinnamon sold by discount retailers, including Dollar Tree and Family Dollar, is contaminated with high levels of lead and should be discarded, according to the U.S. Food and Drug Administration.
The FDA has issued a warning about cinnamon products sold by certain retailers due to elevated levels of lead, which have been linked to cases of lead and chromium poisoning.
Victoria's Secret shares plummeted by a record 30% after the company issued a surprise warning, revealing that its sales are expected to decline this year and that its turnaround efforts have failed to materialize.
Elon Musk, the CEO of Tesla and owner of a social media platform, criticized MacKenzie Scott for donating billions primarily to social causes related to race and gender, a move that contradicts his strong belief in meritocracy and opposition to identity politics.
Opening a 10-year CD with a 4% interest rate could earn you anywhere from a few hundred to several thousand dollars, and now may be a good time to do so before rates potentially decrease.
Sargento is recalling shredded and grated cheese products in 15 states due to potential listeria contamination, with over 2,600 cases of white cheddar cheese being heavily affected.
The February jobs report is expected to show signs of cooling after a strong month of job gains, with nonfarm payrolls expected to rise by 200,000 and the unemployment rate remaining at 3.7%.
Around 11,000 children in the US have ended up in the emergency room in recent years after unsupervised ingestion of melatonin, a popular sleep aid, according to a report from the US Centers for Disease Control and Prevention.
President Biden will propose new housing initiatives, including tax credits for first-time home buyers, to address the housing crisis and make housing more affordable in the State of the Union address.
Rivian has unveiled its new electric vehicle, the R2, a more affordable SUV with a range of 330 miles and a starting price of $45,000, aiming to compete with Tesla and other automakers in the market.
Healthcare stock Novo Nordisk (NYSE:NVO) is seeing a rise in its stock price due to positive results from its weight-loss drug, Amycretin, which has shown a weight loss of around 13% over 12 weeks, potentially outperforming its current weight-loss drug, Wegovy. However, the high costs of these drugs may limit access for regular people, although Novo Nordisk is working with insurers to improve coverage. Analysts have a Moderate Buy consensus rating on NVO stock with a downside risk of 12.97%.
Oprah Winfrey is set to host a primetime special on weight loss drugs after revealing her personal use of them, aiming to destigmatize the issue of weight and obesity.
Shares of Kroger (KR) and BJ's Wholesale Club (BJ) are both rising after posting strong fourth-quarter earnings, with Kroger beating Wall Street estimates and reaffirming its commitment to defending its merger with Albertsons, while BJ's missed on the top line but saw positive growth in electronics and general merchandise.
Palantir's stock is experiencing a significant rise due to heavy institutional accumulation, positive sales and EPS growth, and a promising forward earnings outlook.
General Electric is considering spinning off its jet engine business into a separate entity named GE Aerospace, aiming to generate $10 billion in operating profit, while GE Vernova plans to invest $1 billion annually in R&D and produce between $700 million and $1.1 billion in free cash flow this year.
Outdoor apparel company The North Face will close its Union Square store in San Francisco at the end of the month, although the company did not provide a reason for the closure.
The Federal Aviation Administration is investigating a mechanical issue on a United Airlines flight that caused flames to shoot from an engine shortly after takeoff, prompting the pilot to make an emergency landing.
The average rate on a 30-year fixed mortgage dropped to 6.88% this week, sparking an increase in purchase applications and providing some relief for potential homebuyers in a housing market hindered by high home prices and elevated rates.
US regulators, including Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg, have indicated that they expect changes to a controversial rule requiring big banks to hold greater buffers against future losses, in response to pushback from lenders, community groups, Republicans, and Democrats.
President Biden will call on Congress to pass legislation to address the shortage of affordable homes by providing tax credits for homebuyers, building and renovating 2 million homes, and lowering rental costs. He also announced steps to lower closing costs for homebuyers and crack down on unfair practices by corporate landlords.
Social media users are criticizing Five Guys for their high prices, with one user posting a receipt for a meal that totaled $24.10, causing a debate among customers on whether the prices are worth it.
Xcel Energy has admitted its involvement in the Smokehouse Creek fire, the largest wildfire in modern US history, but denies negligence in maintaining its infrastructure, leading to lawsuits.
Former Google software engineer Linwei Ding has been arrested on charges of stealing AI trade secrets from the company, as he allegedly uploaded confidential files about GPU and TPU chips into his personal Google Cloud account and secretly worked with two China-based companies; Ding now faces up to 10 years in prison for each of the four counts of federal trade secret theft.
German discount grocer Aldi announced plans to open 800 new stores in the US, part of a $9 billion expansion plan aimed at offering the "lowest possible prices" as consumers look to save money amidst rising food prices.
Nvidia directors have cashed in on the stock rally, raising concerns about whether the company is in a bubble that is on the verge of bursting.
The 2024 Honda Prologue, Honda's first all-electric SUV, qualifies for the full $7,500 EV tax credit, making it an affordable option with starting prices under $40,000.
The Dow Jones and other major indexes rallied as Federal Reserve Chair Jerome Powell testified before Congress, with retail and software earnings impacting market movements, as Nvidia reached a new milestone and Tesla faced concerns about profitability.
Alaska Airlines Flight 646 returned to Portland International Airport after passengers reported smelling an odor in the cabin, but no hazardous materials were detected and the plane landed safely.
The FDA is warning consumers to avoid certain ground cinnamon products with elevated levels of lead, urging manufacturers to initiate a recall.
Walmart is launching Express On-Demand Early Morning Delivery to save customers time by offering delivery of various products, including baby essentials, work attire, home appliances, and outdoor supplies, starting at 6 a.m. and as quickly as 30 minutes.
Power lines sparked devastating wildfires in Texas, killing two people, destroying homes, and burning thousands of square miles of land, with one of the fires becoming the largest in state history, according to officials.
The U.S. FDA has granted breakthrough therapy status to an LSD formula developed by MindMed to treat generalized anxiety disorder, following a study showing that a single dose of the drug could provide lasting relief.