Advanced Micro Devices, Inc. ( AMD ) has seen notable activity this week, with shares trading higher on Friday afternoon following earlier jobs data. What’s Going On: The week began with AMD and other chip stocks experiencing declines amidst a broader semiconductor sector sell-off, prompted by concerns over valuation despite strong AI-driven momentum in the first half of 2024. AMD's...

NEW YORK (Reuters) - A U.S. judge threw out a central claim in a Federal Trade Commission lawsuit accusing Walmart ( WMT ) of turning a blind eye to scam artists who used its money transfer services to fleece consumers out of hundreds of millions of dollars. In a decision on Wednesday, U.S. District Judge Manish Shah in Chicago rejected...

03:54 PM EDT, 07/05/2024 (MT Newswires) -- UBS (UBS) has hired Barclays' ( JJCTF ) Alejandro Palacio as Managing Director for technology dealmaking, Bloomberg News reported Friday, citing people familiar with the matter. Palacio will reportedly join UBS in the coming months, focusing on software and integrated payments companies, while reporting to Global Co-Head of Technology Investment Banking Laurence Braham....

03:46 PM EDT, 07/05/2024 (MT Newswires) -- EQT's (EQT) Q2 sales volumes probably topped the midpoint of company guidance despite production curtailments, UBS Securities said in a report emailed Friday. Q2 volumes probably will be 487 billion cubic feet equivalent including curtailments through the end of May, compared with guidance of 455 Bcfe to 505 Bcfe, UBS said. EQT reduced...