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The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. The benchmark yield was trading at about 4.41% on Wednesday. That is up from around 4.3% right before the presidential election, and well above the 3.6% level that it flirted with in September. Bond yields move opposite of price. US10Y 3M mountain The 10-year Treasury yield started to climb ahead of the election and has moved higher still after Donald Trump's victory. With the 10-year yield close to a key psychological level of 4.5%, there is concern that another move higher could lead to a downturn in the stock market. Notably, the yield moved solidly higher on Wednesday as the major equity averages struggled to gain ground, with the S &am...

After a quarter where Nvidia's sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate.Those hopes fall on Blackwell, which is Nvidia's name for a family of server products based around its next-generation AI chip.CEO Jensen Huang and CFO Colette Kress gave investors several new data points on how Blackwell's launch is shaping up on a call with analysts on Wednesday. The duo emphasized that the rollout is on track, and they signaled that Blackwell sales over the next few quarters will be limited by how many chips and systems Nvidia can make, not how much it can sell."Blackwell production is in full steam," Huang said. "We will deliver this quarter more Blackwells than we had ...

2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric vehicles in the carmaker's growing fleet.The Ioniq 9 is expected to arrive in U.S. dealerships in the spring. Hyundai said the vehicle will be capable of fast charging from 10% to 80% in 24 minutes, will have an estimated range of 335 miles on a single charge and will be able to achieve 0 to 60 miles per hour in as fast as 4.9 seconds.Hyundai declined to disclose pricing for the new SUV until closer to its arrival in showrooms. The Kia EV9, from Hyundai's sister brand and which is based on the same vehicle platform, currently...

Target's stock tumbled to a 52-week low on Wednesday, a day after Walmart shares soared to an all-time high — as the rival retailers' earnings reports again underscored how their performance has diverged.Target posted its biggest earnings miss in two years and cut its forecast. The company spoke about a "deceleration in discretionary demand" and blamed higher costs caused by the rush to move inventory ahead of the short-lived port strike in October.On the company's earnings call, CEO Brian Cornell described U.S. consumers who are "shopping carefully as they work to overcome the cumulative impact of multiple years of price inflation" and holding out for the best possible deal.Walmart, on the other hand, hiked its full-year forecast. It said it's gaining upper-income shoppers and seeing bett...

Snowflake shares spiked 19% in extended trading on Wednesday after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 20 cents, adjusted vs. 15 cents expectedRevenue: $942 million vs. $897 million expectedSnowflake's revenue rose 28% year over year in the quarter, which ended on Oct. 31, according to a statement. The company's net loss of $324.3 million, or 98 cents per share, widened from $214.3 million, or 65 cents per share, in the same quarter a year earlier.Product revenue represented around 96% of total sales. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. That's up from the $3.36 billion forecast management gave th...

Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed transaction underscores the uncertainty of the maneuver.The hope for Comcast is that by shedding declining assets, the company's shares will rise. Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. That may be an anchor on Comcast's shares. Wall Street typically doesn't like assets with slumping revenue and profit.Still, there's plenty of uncertainty around the spinoff. It's unclear if Comcast investors will care that m...