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.
Halfpoint Images | Moment | Getty ImagesMany women already feel they are behind when it comes to being financially prepared for retirement.There's another risk they have to watch for: disruptive curveballs life throws at them that may put them off track, according to recent research from financial services firm...
A reported dip in engagement with financial advisors by diverse Americans in 2022 appears to be reversing. Last year Allianz Life reported that just 24% of Black investors and 35% of Hispanic investors had a professional financial advisor, dropping from 38% and 44% respectively in 2021. However, new stats for 2023...
Wells Fargo is making it easier – and cheaper – for DIY investors to buy their favourite company. You can now buy pieces of the most traded equities – up to 500 – by investing as little as $10 through the Wells Fargo Mobile® app. Wells Fargo Wealth & Investment Management...
Anne Crabbe, has rejoined Cetera Wealth Partners from Park Avenue Securities, it was announced Thursday. Crabbe joins Cetera with over 16 years of experience, helping families manage and plan their finances, achieve goals for retirement and investments. She also managed more than $102 million in assets under administration as of...
With Apple having unveiled its latest product range this week, a new report reveals how some Americans may put buying the iPhone 15 ahead of their bills. LendingTree’s research found that while most people said it’s important to have the latest tech, for 3 in 10 it’s so vital that...
China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum. The People’s Bank of China added a net 191 billion yuan ($26.3 billion) into the financial system via a one-year policy loan...
BlackRock Inc.’s Edwin Conway says big money clients are snapping up private investments for their portfolios. Institutional clients are allocating anywhere from 20% to 50% of their portfolios to private markets, the global head of equity private markets told Bloomberg Television Thursday. Interest on the wealth side is “still in...
