Check out the companies making headlines in midday trading. Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its AI model later this year. The source said that “foundational model” Ernie 5.0 will have “big enhancements in multimodal capabilities.” … Read more

FILE PHOTO: A Chevron gas station is seen in Austin, Texas, U.S., October 23, 2023.  Brian Snyder | Reuters Chevron will slash up to 20% of its workforce as the oil major implements a plan to cut costs, the company announced Wednesday. The layoffs will begin this year with most of the cuts complete before … Read more

Former Representative Tulsi Gabbard, U.S. President Donald Trump’s nominee to be director of national intelligence, attends to testify before a Senate Intelligence Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025.  Nathan Howard | Reuters WASHINGTON — The GOP-controlled Senate early Wednesday morning voted to confirm Tulsi Gabbard to be President Donald … Read more

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, … Read more

A person shops at a Whole Foods Market grocery store in New York City on Dec. 17, 2024. Spencer Platt | Getty Images Inflation jumped in January on the back of higher prices for consumer staples like groceries and energy. Economists worry inflation has become entrenched above the Federal Reserve’s target, even as President Donald … Read more

As gold breaks out to new all-time highs and targets $3,000 to the upside, Newmont Corporation (NEM) has emerged as a compelling opportunity in the mining sector, driven by a combination of strong performance and solid fundamentals. NEM’s recent breakout above its trading range indicates a shift in sentiment, making it an attractive choice to … Read more

We’re selling 25 shares of Meta Platforms at roughly $720 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 240 shares of META, decreasing its weighting to about 4.75% from about 5.25%. Meta Platforms is having a historic run. If slight gains hold by Wednesday’s close, the stock would extend its winning streak to … Read more

Then President Donald Trump speaks to the media while flanked by Senate Majority Leader Mitch McConnell after arriving at a Senate Republican weekly policy luncheon at the U.S. Capitol March 26, 2019 in Washington, DC.  Mark Wilson | Getty Images Republican Sen. Mitch McConnell is speaking out against President Donald Trump’s sweeping tariff plans, warning … Read more

Sports betting company Draftkings could see strong gains ahead thanks to this year’s Super Bowl betting activity and the Philadelphia Eagles’ victory, according to Bank of America. Compared to last year’s Super Bowl, both FanDuel and New Jersey’s Division of Gaming Enforcement reported a 19% gain in wagering, and GeoComply reported a 14% increase in … Read more

10 things to watch Wednesday, Feb. 12 1. Stocks sold off Wednesday after the January consumer price index, which measures retail inflation, came in hot. Larger-than-expected increases in both headline and core CPI caused a spike in bond yields, with the 10-year Treasury pushing above 4.6%. The government’s January producer price index, which measures wholesale … Read more