Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter. Saul has covered everything
Meta Earnings Deliver: Stock Jumps As Profits Soar 73%
The Facebook parent company beat Wall Street estimates for quarterly profits and sales on the back of $38 billion in advertising revenue.
Stocks Race To Best Day In 5 Months As Lower Interest Rate Prospects Jolt Markets
Renewed optimism for battered semiconductor chip stocks sent the market surging Wednesday.
Fed Holds Interest Rates At 23-Year High—Hints Inflation Improving With First Rate Cut ‘On The Table’
The market already priced in a 100% probability of a rate cut by the Fed’s next meeting in September.
Microsoft Earnings: Stock Tanks As AI Business Growth Worse Than Expected
A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.
Nvidia Stock Falls To 2-Month Low—Down 25% From Peak Amid $800 Billion Swoon
Nvidia is on track for its worst month since September 2022.