At the beginning of the month Wall Street was confident—but not convinced—that it would be getting its much-anticipated interest rate cut come September. Fed Chairman Jerome Powell’s Jackson Hole speech sealed the deal for many that a reduction is indeed imminent. The rate currently sits at 5.25%—a more than two-decade high. But a combination of … Read more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares shed 26% after the artificial intelligence server company said it would postpone filing its annual 10-K form for the fiscal year that ended June 30. Super Micro Computer said its management requires more time to “complete its assessment of the design … Read more
Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in … Read more