S&P 500 futures rise after major averages notch fresh closing records: Live updates
Stock futures climbed Thursday morning after the three major averages closed at new records and the Federal Reserve concluded its latest policy meeting.
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Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Sarah Gilbert spends a lot of time on Reddit. For the past three years, she's helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She's been a lurker on the forum since 2012.
Shares of Micron pop 14% on earnings beat driven by AI boom
Shares of Micron popped more than 14% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said it has benefitted from the artificial intelligence boom.
U.S. eases emissions targets, slows EV transition through 2030
WASHINGTON (Reuters) -- The Biden administration on Wednesday slashed its target for U.S. electric-vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
Australia, China foreign ministers to manage differences 'wisely'
SYDNEY -- Australia wants "a stable, productive and mature" relationship with China, Foreign Minister Penny Wong said Wednesday after a "frank" discussion in Canberra on trade, regional security and human rights with her Chinese counterpart.
Yen hits upper 151 range to dollar despite BOJ rate hike
TOKYO -- The yen weakened to the upper 151 range against the dollar during Asian trading on Wednesday, approaching a more than three-decade low despite the Bank of Japan ending negative interest rates.
Temu parent PDD's shares rise after revenue beats estimates
NEW YORK -- PDD Holdings stock climbed 2% in early trading here Wednesday after the Chinese e-commerce giant reported better-than-expected earnings in the fourth quarter amid overseas expansion.
Japanese yen hits near 4-month low of 151 per dollar
SINGAPORE (Reuters) -- The yen languished near a four-month low against the U.S. dollar and a 16-year trough against the euro on Wednesday, a day after the Bank of Japan's widely anticipated decision to end its negative interest rate policy.