Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending. Revenue in Broadcom's fiscal 2025 first quarter increased 25% year over year to $14.92 billion, beating the...
Costco on Thursday reported another sturdy — if mixed — quarter, demonstrating that its focus on keeping prices low continues to bring more shoppers to its stores at an uncertain time for the U.S. economy. Total revenue in its second quarter of fiscal year 2025 rose 9% year over...
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported first-quarter earnings on Thursday that topped analysts' expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading.Here's how the company did versus LSEG consensus estimates:Earnings per share: $1.60 adjusted vs. $1.49 expectedRevenue: $14.92...
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.Shares ticked down over 1% in extended trading on Thursday evening.Here's how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16,...
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Brendan McDermid | ReutersHewlett Packard Enterprise shares slid 18% in extended trading on Thursday as the data center equipment maker...
Check out the companies making headlines in extended trading. Hewlett Packard Enterprise — Shares tanked 17% in extended trading. Hewlett Packard Enterprise issued weak guidance for the fiscal second quarter, calling for adjusted earnings to range from 28 cents to 34 cents per share on revenue between $7.2 billion...
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better –...
People walk past digital billboards at the Moynihan Train Hall displaying a new initiative from New York Governor Kathy Hochul titled 'New York Wants You', a program designed to recruit and employ displaced federal workers across New York State, in New York, U.S., March 3, 2025. David Dee Delgado |...
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia "will be used explicitly and aggressively for immediate maximum impact" at President Donald Trump's guidance, Bessent said Thursday. Victor J. Blue | Bloomberg...
Check out the companies making headlines in midday trading: Victoria's Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria's Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had...
Broadcom shares were rewarded Thursday...
Costco on Thursday reported another...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
There has been a flood of settlements this year in 401(k) plans lawsuits, netting plaintiffs and the law firms that built the cases millions of dollars. Several of those cases involved financial services firms, including MetLife, which recently indicated in court records that it has reached a deal to settle...
The mergers and acquisitions marketplace for registered investment advisors saw a summer surge this year, according to a report by Echelon Partners, a boutique investment bank focused on the investment management and wealth management industries. According to Echelon, in the quarter ended Sept. 30, RIA buyers announced 86 transactions,...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersAmerican banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking...
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Ford Motor is "at the limit" of what it can offer the United Auto Workers union in terms of economic concessions, an...
A construction in a multifamily and single family residential housing complex is shown in the Rancho Penasquitos neighborhood, in San Diego, California, September 19, 2023.Mike Blake | ReutersIn theory, getting inflation closer to the Federal Reserve's 2% target doesn't sound terribly difficult.The main culprits are related to services and...
Maersk is one of the world's biggest container shippers.Andia | UIG via Getty ImagesDanish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships, the companies announced Thursday.Maersk said the installation of the Starlink internet service is expected to be complete by the first quarter of...
A top House Republican is threatening to subpoena the Securities and Exchange Commission for any documents about U.S. involvement in crafting European Union environmental, social and governance regulations that GOP lawmakers say harm American businesses. House Oversight Committee Chairman James Comer expressed concern to SEC Chairman Gary Gensler in a...
