Broadcom falls as forecast pales before Nvidia’s blowout results
(Reuters) -Broadcom shares fell nearly 5% on Friday as the semiconductor maker’s quarterly revenue forecast fell short of investors’ lofty…
Year: 2023
Nvidia’s market cap climbs amid tech turbulence in August
(Reuters) – Nvidia Corp’s market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader…
Robot invasion slows in the face of weaker US economy, high interest rates
By Timothy Aeppel (Reuters) – Even a robot invasion can’t beat a slowing economy. Companies in North America sharply cut…
Wall St ends mixed, dollar gains ahead of jobs report
By Stephen Culp NEW YORK (Reuters) – Wall Street lost earlier momentum and the dollar advanced on the last trading…
Salesforce rallies as profitability push pays off
By Aditya Soni (Reuters) -Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were…
Marketmind: Markets brace for EU, US inflation data blitz
A look at the day ahead in European and global markets from Brigid Riley A slew of economic data is…
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as…
Oil prices rise after U.S. data shows tighter crude supply
By Stephanie Kelly NEW YORK (Reuters) -Oil prices gained on Wednesday as U.S. government data showed tighter-than-expected crude supplies, while…
Biden plan would guarantee overtime pay for 3.6 million workers
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Wednesday moved to extend mandatory overtime pay to…
As Nvidia splashes out, are stock buybacks worth it?: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – To buy back, or not to buy back. The highest U.S. interest rates…