General News

Investing.com -- U.S. stock futures fell Wednesday, amid fears the upcoming Federal Reserve policy-setting meeting will signal interest rates being held at elevated levels for a longer time.

Here are some of the biggest premarket U.S. stock movers today:

• Amazon (NASDAQ: AMZN) stock rose 1.7% after the e-commerce and tech giant’s first-quarter earnings beat estimates. However, gains were limited as its revenue forecast disappointed, as the e-commerce giant forecast... (continue reading...)

Investing.com — In light of worse-than-expected recent economic data, particularly on the inflation side, the market is growing increasingly worried that Jerome Powell may switch to a more hawkish stance in his press conference this afternoon.

Given how much the market has front-footed a pivot since the beginning of the year, such a move could put this year's stock market gains in check, pressuring portfolios.

Amidst the high-risk environment, savvy investors are... (continue reading...)

Goldman Sachs today presented the May edition of its “US Conviction List - Directors’ Cut” regular report, which is focused on the top Buy-rated stocks.

Specifically, the Wall Street giant added Kinder Morgan (NYSE: KMI) and Guidewire Software (NYSE: GWRE), while J.B. Hunt Transport Services Inc (NASDAQ: JBHT) and PPG Industries Inc (NYSE: PPG) made way.

Analyst John Mackay believes that KMI has reached an inflection point “especially in its core business, as... (continue reading...)

(Reuters) - Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand.

AMD was down more than 6% in premarket trading, and is on course to lose more than $16 billion in market value.

Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall... (continue reading...)

Bitcoin price continued its downturn on Wednesday, plunging over $8,000 from its peak yesterday. The flagship cryptocurrency was down by 5.42% at $57,328. It had dipped even lower earlier, hitting $56,500 after reaching an all-time high of $73,797.68 just six weeks ago.

Bitcoin losses also pulled other cryptocurrencies down with it. Ether, for instance, lost more than 4% and was recently trading below $2,900, after having surpassed $4,000 in March for the first time... (continue reading...)