World News, Politics and War, Reported from Boston
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
Two Nvidia investors with $2.13 billion in stock asked the board to keep Jensen Huang’s return possible. Megaspeed opened an internal probe Sunday.
Boston biotech Rezera postponed its planned $200 million Nasdaq IPO, which had been set for Friday, Nov. 13, citing market conditions. What we know.
The Western Union Intermex deal is off: Western Union ended the $500 million takeover after California set conditions, and Miami-based Intermex vows to fight.
Fidelity Investments passed $20 trillion in assets under administration for the first time, with $20.1 trillion as of Sept. 30, up 15% in a year.
The Fed’s November Financial Stability Report says 87% of surveyed market contacts named AI a top risk, as AI computing debt tops $1.1 trillion.
Global oil supply beat demand by almost 2 million barrels a day in October, the IEA said, the first surplus since the Iran war began. Diesel stays tight.
The S&P 500 and Nasdaq fell Friday as Nvidia and other chipmakers declined, Kiplinger said, though the three major U.S. indexes still finished the week higher.
HubSpot named co-founder Brian Halligan CEO on Nov. 12, replacing Yamini Rangan, as shares of the Cambridge software firm trade far below their peak.
Nvidia is on track Nov. 13 for a sixth straight weekly drop, its longest since 2012, after losing 29% and about $1.6 trillion in value.
Wholesale prices rose 0.3% in October, Nov. 13 data showed, lifting the annual rate to 6.5%, the highest since November 2022. What we know.