The AI ‘OG’ Just Blew Out It’s Financial Results — And Shares Are On A Tear
The overarching stock story of 2023 — while still early into the year — has been focused on artificial intelligence, namely OpenAI’s sophisticated chatbot ChatGPT.
Silvergate Capital Plagued By ‘Regulatory And Liquidity Challenges,’ JPMorgan Analyst Says
Shares of cryptocurrency-focused Silvergate Capital Corp (NYSE: SI) fell off of a cliff Thursday, plummeting 45% on its warning of a delay in its annual report and concerns over its
Housing Market Bottoms Out Per JPMorgan’s Initiation Of Redfin, Zillow
Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners.
How? By increasing interest rates, and subsequently spiking mortgage rates.
Existing Home Sales At Lowest Point In 12 Years: How Will This Impact Opendoor Earnings?
Mortgage rates are back on the rise due to a strong performance in retail sales and labor market data, along with positive monthly inflation readings. This has raised the prospect of the Federal Reserve continuing its interest rate hiking campaign through the summer.
Soft Landing Or Recession? This Expert Explains Why Bears Expecting An Imminent Crash May Be Wrong
Analysts have conflicting viewpoints on what's ahead for the U.S. economy and markets, with some warning of an impending recession, while others suggesting that a soft landing is possible. Meanwhile, one analyst is pointing out that bear markets have never ended before the start of a recession.
EXCLUSIVE: Benzinga’s Favorite Hedge Funds To Watch During 13F Season
It’s hedge fund season.
Hedge funds with more than $100 million in assets are required to file a Form 13F with the U.S. Securities and Exchange Commission (SEC) within 45 days of the end of each calendar quarter. The last deadline was Feb. 14 for the fiscal quarter ending Dec. 31.
What’s More Expensive: Buying A House, Or Building One?
The housing market has been top-of-mind for new and would-be homeowners for months, as the Federal Reserve’s aggressive rate hike campaign has kept mortgage rates at highs last seen since 2007.
And it’s not just expensive borrowing costs keeping people in their apartments.
Is The Market Open On Presidents’ Day?
As the U.S. celebrates President's Day, investors and traders are wondering whether the stock and bond market will be open or closed on Monday.
What Happened: President's Day is a federal holiday in the U.S, and it is observed on the third Monday in February, which makes it fall on a different date every year.
Shares Pop As This $11B Tech Company Announces Double-Digit Headcount Cut: What You Need To Know
Twilio Inc (NYSE: TWLO) will lay off 17% of its workforce (about 1,500 positions) as part of a major restructuring plan, the company announced in a Monday blog post.
Mark Cuban Needs Just A Fraction Of His Wealth: ‘I’d Be Just As Happy With…’
Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks and co-founder of CostPlusDrugs, recently spoke to CBS’s “Sunday Morning” and made a surprising statement — he says he’d be just as happy today with as little as 1% of his