Business

NEW YORK (AP) — About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers. According to a Thursday recall notice published by the U.S. Consumer Product Safety Commission, TTI Outdoor Power Equipment is recalling certain models …

There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order to routinely monitor the probable going rate.  The longest-standing weekly survey from Freddie Mac was updated today and, while it showed a decline to the lowest …

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S&P 500 topped 6,500 and another record close as Wall Street ended in the green  Seeking Alpha S&P 500 rises to 6,500 for the first time as Nvidia results validate AI boom: Live updates  CNBC S&P 500 scores new peak. Are U.S. stocks ‘catching up’ to the rest of the world?  MarketWatch S&P 500 Hits All-Time Highs on Economic Surprise: Markets Wrap  Bloomberg.com Stock …

(Reuters) -Dell Technologies raised annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia‘s advanced chips. Shares fell more than 4% in extended trading as Dell’s third-quarter profit outlook was below analysts’ estimates. Rising demand for AI servers, capable of handling computational needs of AI workloads, is benefiting companies such …

Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s net sales of $11.3 billion. …

Dell Beat Earnings Estimates. Why the Stock Is Down.  Barron’s Dell shares fall on soft third-quarter earnings outlook  CNBC Dell lifts annual forecasts on AI server sales boom  Yahoo Finance Alibaba Earnings, Inflation Data, Fed Speaker: Still to Come This Week  The Wall Street Journal Is Dell a Good Stock to Buy before Earnings?  TipRanks Source link

Microsoft fired two employees on Wednesday after they broke into the office of its vice chair and company president, Brad Smith, earlier this week as part of a protest of the technology company’s purported links to Israel.  The terminations came after a group of seven people broke into executive offices at Microsoft’s global headquarters in Redmond, Washington, on Tuesday to …

Shares of Pure Storage (PSTG) are up 30% on Aug. 28 and pacing for a record close after the data storage firm announced a new deal with technology giant Meta Platforms (META). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. …

A 2022 file photo demonstrating Clearview AI’s facial recognition software. Seth Wenig/Associated Press hide caption toggle caption Seth Wenig/Associated Press States are increasingly clamping down on how tech companies digitally scan and analyze our most sensitive and potentially lucrative commodity: the faces, eyeballs and other “biometric” data of millions of people. While facial recognition technology is unregulated at the federal …