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.
A 230 page proposal, which Finra has submitted to the Securities and Exchange Commission for review, would allow the use of predicted returns in marketing and would apply to brokers dealing with institutions and investors possessing assets over $5 million. The Financial Industry Regulatory Authority Inc. believes that “A member’s...
Goldman Sachs Japan is facing a major transition with the immediate resignation of its president, Masanori Mochida. This abrupt exit marks the end of a notable 38-year tenure for one of Tokyo’s key financial figures. Mochida, who is 69, played a pivotal role in elevating Goldman’s stature in Japan, involving...
National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering. The Minneapolis-headquartered firm has acquired Sevenich Butler Gerlach & Brazil Ltd., which will be incorporated into the Nepsis brand a Learn more about reprints and licensing for this article.
UBS Wealth Management USA recently welcomed The Keating Group, a four-member advisory team that had been affiliated with Merrill Lynch, to its ranks. The team, comprised of Maureen Keating, Michael DeCorleto, and Matthew Marques as financial advisors, and Matthew Mardirosian as wealth management associate, brings with them an impressive management...
A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice. Michael Doherty Jr. founded Doherty Financial Services in 1997 and has always put family at the heart of the busine Learn more about reprints and...
In a high-stakes legal battle, Walid Chammah, the former chairman of Morgan Stanley, has initiated High Court proceedings against the Austrian investment firm Signa, owned by Rene Benko. The case, revealed by The Telegraph, centers on an alleged unpaid sum of €14m ($15.29m) in fees. Ch Learn more about reprints and licensing...
The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle. Traders are currently pricing in about a 30% chance of a first Fed rate cut in March following cool inflation...
