Wells Fargo has branches all over the country. And yet, the nation’s fourth-largest bank is barely making a dent in the credit card market compared to its larger rivals JPMorgan Chase and Citigroup . A yearslong effort at Wells, aided by the removal this summer of the Federal Reserve’s punitive …
The AI data center theme is alive and well, putting the wind at the back of Club names Eaton and GE Vernova . The strength of the data center was one of Jim Cramer’s takeaways from a recent trip to Kentucky to visit a Corning factory alongside the glassmaker CEO’s …
Texas Roadhouse’s compelling growth story ran into the wall of soaring beef prices this summer — a real problem for a steakhouse chain that prides itself on offering diners a tasty but affordable meal. Signs of relief have finally appeared in the cattle futures market, though, giving us reason to …
Another Broadcom earnings report, another breathtaking stock reaction in response. Shares of the AI chipmaker are soaring almost 11% Friday, sending the stock to a fresh all-time high and putting its market capitalization north of $1.5 trillion. The monster move evokes what we saw from Broadcom back in December, when …
Amazon is rewriting the playbook for grocery delivery. The company’s new push to add fresh groceries to its same-day delivery service in select markets, where Prime members can already buy non-perishables and all kinds of other items, is no experiment. It’s a calculated bet on logistics that enables customers to …
The back-to-shopping season, a crucial time of the year for retailers, is being muddied by tariffs and budget-conscious consumers. That backdrop has forced retailers to get creative to protect margins while shoppers hunt for deals on clothes, dorm-room decor and more. Tariffs are front and center. Just over half of …
The “big beautiful bill” — championed by President Donald Trump and signed on Independence Day — is shaping up to be a windfall for Big Tech. The measure — officially called the “One Big Beautiful Bill Act,” or OBBBA for short — restores three tax provisions from the 2017 Tax …
Wall Street had little doubt that Brian Niccol was the right executive to fix Starbucks’ triple shot of trouble: downbeat sales, operational bottlenecks and a fading coffee house identity. That has not made Niccol’s task any easier. Niccol’s status as a turnaround extraordinaire is well-deserved. After reviving the Taco Bell …
Nvidia CEO Jensen Huang has already ascended to rockstar status within the tech community. Now, after securing Washington’s approval to restart AI chip sales in China, Nvidia investors are wondering: Is there anything he can’t do? “Jensen is a salesman, as well as a statesman, as well as an architect, …
Picture scrolling through Facebook or Instagram and spotting an advertisement that feels tailor-made for you. You’re seeing Meta Platform ‘s artificial intelligence tools in action, crafting ads for its partner businesses that specifically target and attract customers based on their interests. It has also become the secret sauce behind Meta’s …