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Intel Stock Plunges 6% Amid Deal Skepticism; Analysts Question Breakup Potential
Published on: February 20, 2025, 12:03 AM UTC
Short sellers lost $73 billion in 2025 due to the rally in the market, with Super Micro Computer, Hims & Hers Health, Oklo, and BigBear.ai experiencing significant short squeezes.
Published on: February 20, 2025, 12:03 AM UTC
FHA layoffs raise concerns over delays, stigma for first-time homebuyers and underserved borrowers
Published on: February 20, 2025, 12:03 AM UTC
US stocks closed higher on Wednesday as investors weighed President Trump's latest 25% tariff salvo and digested the Federal Reserve minutes for insight into future policy. The benchmark S&P 500 (^GSPC) moved up about 0.2%, hitting a fresh record high of 6,144.15, after notching a record on Tuesday as well.
Published on: February 20, 2025, 12:02 AM UTC
Palantir shares plunged 10% in late trading after a Washington Post report said the US Pentagon must plan for 8% annual budget cuts, which would slash the company's government revenue.
Published on: February 20, 2025, 12:01 AM UTC
Atlanta Fed President Raphael Bostic says interest rate cuts are still possible this year as policymakers monitor economic conditions and Trump administration policies.
Published on: February 20, 2025, 12:01 AM UTC
Pharmaceutical companies and pharmacy benefit managers are facing off in Washington, with PBMs defending their value amid scrutiny over their rebate strategy. PBMs aim to lower drug costs, but rebates have been linked to higher list prices and out-of-pocket expenses. Alternative models like Walmart's $4 generics and Cost Plus Drugs offer low-cost options, but PBMs argue they remain essential for health insurance companies.
Published on: February 20, 2025, 12:01 AM UTC
Exxon Mobil and SLB seek lithium investment opportunities in Chile, world's second-biggest lithium producer. The companies, under pressure to reduce carbon emissions, see parallels between conventional oil and gas drilling methods and lithium extraction from brine.
Published on: February 20, 2025, 12:01 AM UTC
U.S. President Donald Trump outlines plans to significantly reduce taxes for individuals and companies, including no tax on tips, Social Security, or overtime.
Published on: February 20, 2025, 12:00 AM UTC
Innovative Industrial Properties, Inc. (IIPR) reported funds from operations of $63.4 million in its fourth quarter, or $2.22 per share. For the year, the company reported funds from operations of $256.1 million.
Published on: February 19, 2025, 11:09 PM UTC