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Paul Atkins, President Trump’s nominee as the new chairman of the Securities and Exchange Commission, faced a key question [...] Would the long-time securities lawyer and regulator investigate Chinese companies for what one senator believes are wanton and blatant violations of US disclosure laws that have gone unchecked for years? ... The crackdown would be significant, probably one of the biggest the SEC has undertaken in its history. Nearly 300 Chinese companies, representing more than $1 trillion in market value, trade on US markets, namely the New York Stock Exchange and the Nasdaq Composite. Many or maybe all of them,...

See Market Indices Page at Business Insider.

Gelsinger took to X on Monday to suggest that the market's assumptions were wrong. He said that instead of reducing demand, making computing "dramatically cheaper" and more efficient to use — as DeepSeek appears to have done — "will expand the market for it." The former Intel boss, who retired from the company in December after struggling to capitalize on the AI boom, also suggested that the Chinese engineers at DeepSeek "had limited resources, and they had to find creative solutions" to squeeze performance out of their models. The AI industry has insisted that models become smarter when powered with...

Stock futures tumbled Sunday night to kick off a new trading month, as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits. Futures tied to the Dow Jones Industrial Average slid 463 points, or 1%. S&P 500 futures dropped 1.6%, while Nasdaq-100 futures lost 2.1%. President Donald Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada. He also placed a 10% levy on imports from China. The U.S. does about $1.6 trillion in business with the three countries. Canada responded with retaliatory tariffs of...

Last month, during the thick of the holidays, I found myself in a rare though not totally unprecedented predicament: I wasn’t sure which way to bet on the stock market in the year ahead. In my December column, I told you there were three possible 2025 outcomes – all of them seemingly likely, and to a vexingly similar degree. I also told you that I’d come back to you when I could conclude which is, in fact, the most likely. Well, I’m back – and with an answer that has surprised me in more ways than one. Recall the three...

Technology stocks were rocked to their core Monday after claims made by a Chinese start-up threatened to upend the existing artificial intelligence (AI) paradigm.There’s a compelling argument that recent developments in the field of artificial intelligence (AI) could have vast implications for the future. Over the past couple of years, advances in generative AI have helped fuel a roaring bull market with promises of significant productivity increases. The potential windfall of increased profits has companies racing to adopt these next-generation algorithms.One of the biggest beneficiaries of these secular tailwinds has been Nvidia (NVDA 8.93%). The company’s graphic processing units (GPUs),...

Major US tech stocks like Nvidia, Microsoft, Meta and Tesla were set for a stunning $1 trillion rout on Monday as fears over an advanced Chinese artificial intelligence model triggered hysteria from Wall Street to Silicon Valley. Shares of Nvidia plunged nearly 13% in early trading, erasing hundreds of billions in value as investors learned about DeepSeek — a China-based startup which has made waves in the industry after launching a free, open-source large-language model in December. DeepSeek claims to have developed the advanced model in just two months at a cost of under $6 million — and without access...

Nasdaq futures plunged on Monday to lead a stock rout on Wall Street as a Chinese startup rattled faith in US leadership and profitability in AI, taking a hammer to Nvidia (NVDA) and other Big Tech stocks. Contracts on the tech-heavy Nasdaq 100 (NQ=F) sank nearly 4%, while S&P 500 futures (ES=F) tumbled over 2%. Dow Jones Industrial Average futures (YM=F) fell 0.9%, or about 380 points, on the heels of a winning week for the major gauges. Markets have been rattled by claims by China's DeepSeek that its AI assistant uses cheaper chips and less data than leading models,...

NEW YORK/WASHINGTON, Jan 2 (Reuters) - Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday. Constellation, the country's largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies as part of the agreements with the U.S. General Services Administration. The deal is the biggest energy purchase in the history of the GSA....

US stocks closed at session highs on Monday after posting their best week in a year as the markets continued to rally in a sharp turnaround from their early August sell-off. The S&P 500 rose nearly 1%. The Dow Jones Industrial Average also gained 0.6%, while the tech-heavy Nasdaq Composite increased roughly more than 1.4%. Technology and Consumer Discretionary stocks led the gains, as the S&P 500 stretched its daily wins to eight, its longest streak since November of last year, according to Bespoke Investment data. The Nasdaq also logged its an eighth consecutive session win as shares of chip...

The merger of Truth Social’s parent company and the special purpose company set up to acquire it was completed Monday. Shares of the combined company, which will be named Trump Media & Technology Group (TMTG), are expected to begin trading on the Nasdaq stock exchange under the ticker symbol DJT. TMTG, as a publicly traded company, will continue to be led by Chief Executive Officer, Devin G. Nunes, and its existing management team. Shares of DWAC, the special acquisition vehicle, soared on Monday. At around noon, they were up by more than 20 percent.

Following its SPAC merger in August, shares of VinFast Auto (NASDAQ:VFS) went on one almighty tear, going from its $11.10 debut price to $93 over the space of two weeks, with the Vietnamese electric vehicle (EV) maker’s market cap soaring to $190 billion at some point, making it briefly the world’s third most valuable carmaker, only behind EV colossus Tesla and auto giant Toyota. The comedown, however, as you might expect following such an unlikely surge, has been fast and brutal, with the shares now trading 46% below the debut price. While the improbable former valuation has now come down...

1. Getting high on marijuana while flying high on private jets Neumann had a penchant for pot, many former colleagues have said, and seemed to especially like to partake in marijuana while riding on private jets. 2. Mixing layoffs and tequila But sometimes alcohol and partying were mixed with work in thoughtless ways. One report said that just weeks after Neumann fired some 7% of his staff in 2016, he addressed the cost-cutting efforts during a somber all-hands meeting, saying it was tough but necessary and the company would be better because of it. He then, however, had employees carrying...

A panel of the New Orleans-based 5th U.S. Circuit Court of Appeals on Oct. 18 struck down lawsuits challenging a Nasdaq stock market rule requiring companies listed on the exchange to have "diverse" directors on their boards or explain why they don't. In a lengthy opinion, the appeals court rejected lawsuits seeking to block the rule by the National Center for Public Policy Research and the Alliance for Fair Board Recruitment, a group formed by conservative legal activist Edward Blum. The rule at the center of the lawsuit was approved by the Securities and Exchange Commission (SEC) in August 2021.

US stocks wavered Wednesday after an unexpected interest rate hike from Canada, a surprise drop in Chinese exports and economic headwinds flagged by the Paris-based Organization for Economic Cooperation and Development (OECD) stoked fresh concerns about global growth. The S&P 500 (^GSPC) slipped 0.38%, while the Dow Jones Industrial Average (^DJI) gained 0.29%, or less than 100 points. The technology-heavy Nasdaq Composite (^IXIC) fell 1.29%. The Nasdaq 100 (^NDX) came under pressure as shares of Alphabet Inc. (GOOG) and Microsoft Corporation (MSFT) drifted lower by about 3%, respectively. The megacap tech companies had helped push the S&P 500 near a...

Stocks fell on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of a spiking interest rates. The Nasdaq Composite fell more than 1.3% to touch its lowest levels since September 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. The S&P 500 also fell, dragged down by semi stocks and dips in major tech names Apple and Microsoft. The benchmark lost about 0.78%.

House Speaker Nancy Pelosi hemmed and hawed again last week about the House plan to rein in sketchy trades by members of Congress and their families, making empty noises about getting it done in the wake of a brutal New York Times report ID’ing almost 100 members — nearly 20%! — who reported trades in apparent conflict with their duties as overseers of laws and regulations around American industry in 2019-’21. She’s plainly stalling, and for obvious reasons: Pelosi’s a byword for such trades with her husband — financier Paul Pelosi — making moves that regularly beat the market, often...

Again, it’s difficult to say with a high degree of certainty, but stock investors will likely experience a bumpy ride over the next 6-12 months. The timing is possibly the most uncertain element here. Higher interest rates and a smaller money supply will reduce loan growth and economic activity. No question on that. However, will the Fed go too far and push the economy into recession? Globally, most of the world’s central banks are on a similar path as the U.S. Federal Reserve. For example, Europe, the U.K., and India are all raising interest rates. China, however, is not. Europe...

NEW YORK (Reuters) - U.S. stocks rallied on Wednesday and the Nasdaq posted its biggest daily percentage gain since April 2020 as the Federal Reserve raised interest rates as expected and comments by Fed Chairman Jerome Powell reassured investors. In addition, upbeat quarterly reports from Microsoft Corp and Alphabet Inc provided further encouragement about about the earnings season. The S&P 500 closed at its highest level since June 8. The Fed raised the benchmark overnight interest rate by three-quarters of a percentage point. The move came on top of a 75 basis points hike last month and smaller moves in...

U.S. stocks were sharply higher on Tuesday as the market tried to bounce after a punishing bear market for the tech-heavy Nasdaq and a 19% pullback for the S&P 500. The Dow Jones Industrial Average jumped more than 300 points, or 1.2%. S&P 500 gained 1.4%, while the Nasdaq Composite added 2%. Tuesday’s bounce marks the market’s latest attempt at a recovery following weeks of steep losses. The S&P 500 is coming off a six-week losing streak — its longest since 2011.