Insider’s Phil Rosen speaks to housing expert Edward Seiler on key Mortgage Bankers Association data.
About $1.71 billion worth of mainland shares were sold by foreign investors in May, an uptick from April’s $659 million, Reuters reported.
The cloud stock reported strong growth in its demand pipeline.
Nvidia shares surged 25% in after-hours trading Wednesday after the chipmaker forecast stronger-than-expected revenue for the current quarter.
Amazon shares fell Friday after executives issued a gloomy forecast about growth in its cloud division.
Elon Musk, Jeff Bezos, Mark Zuckerberg and nine of their peers are collectively worth as much as Google-parent Alphabet’s entire market value.
Goldman Sachs is next out of the gate with first-quarter earnings. Profit fell 18% from one year ago, to $3.23 billion. That amounted to $8.79 per share, beating the $8.14 per share that analysts polled by FactSet had expected. Revenue was $12.22 billion, missing the $12.76 billion analysts e
U.S. stocks plunge on banking contagion fears, Credit Suisse shares hit record low, producer price inflation eases, BlackRock CEO Larry Fink’s annual letter. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
The news comes after First Republic’s stock has been pummeled in recent days, sparked by the collapse of Silicon Valley Bank and Signature Bank.