Huawei Technologies beat Samsung Electronics to become the world’s bestselling foldable smartphone brand in the first quarter, marking the first time that the US-sanctioned Chinese giant has topped that segment, according to a consultancy report. Shenzhen-based Huawei saw its foldable smartphone shipments in the first three months of the year jump 257 per cent year […]
(Reuters) -The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending, the Commerce Department reported on Thursday. Gross domestic product – the broadest measure of economic activity – grew at an 1.3% annualized rate from January through March, down from the advance estimate of 1.6% and […]
WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output […]
Costco (COST) is set for another bulk sized quarter, as consumers look for wallet-friendly prices on everyday essentials. The wholesale retailer saw foot traffic up year-over-year, beating the likes of Sam’s Club (WMT) and BJ’s Wholesale Club (BJ), according to Placer.ai. On Thursday afternoon, the company is expected to report net sales of $57.98 billion, […]
Despite no shortage of next-big-thing investment trends over the last three decades, nothing has come close to capturing the buzz that was created on Wall Street when the internet transformed corporate America in the mid-1990s. That is, until now. For more than a year, professional and retail investors have been captivated by the game-changing potential […]
Warren Buffett has a reputation as one of the greatest investors of all time — and the track record to back it up. Since taking over as the CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he’s produced a compound average annual return of 19.8% for its investors. He’s done that by following […]
Disclaimer: All persons are presumed innocent until proven guilty. NEW ORLEANS (WGNO) — The New Orleans Police Department is looking for a man who’s accused of shooting into a crowd near the French Quarter, leaving three people wounded. On Thursday, May 23 around 2 p.m., three men were shot during a fight in the 800 […]
Ruth Brand, German Federal Returning Oficer, speaks at a press conference. Germany’s economy expanded slightly in the first quarter thanks to increased construction sector activity and a rise in exports, government data showed on Friday, matching a preliminary estimate of 0.2% quarter-on-quarter growth released last month. Christoph Soeder/dpa Germany’s economy expanded slightly in the first […]
The stock market has gotten off to a red-hot start this year. The technology-heavy Nasdaq Composite is up 11% so far in 2024, fueled by hype in artificial intelligence (AI). Moreover, the S&P 500 has also gained close to 11% — signaling an overall strong profile among broader market sectors. In particular, the energy industry […]
Rental apartments are being built in the Ehrenfeld district in Cologne. Rolf Vennenbernd/dpa Germany’s economy expanded slightly in the first quarter thanks to increased construction sector activity and a rise in exports, government data showed on Friday, matching a preliminary estimate of 0.2% quarter-on-quarter growth released last month. “After GDP fell at the end of […]
Super Micro Computer (NASDAQ: SMCI) stock fell in Thursday’s trading. The server specialist’s share price closed out the daily session down 3%, according to data from S&P Global Market Intelligence. The stock had been up as much as 11.3% early in the day’s trading. While there wasn’t any business-specific news powering Supermicro’s initial gains today, […]
Graphics and artificial intelligence company Nvidia announced a 10-for-one stock split as a part of its first quarter earnings release Wednesday. The company reported an over 260% increase in revenue compared to the first quarter in 2023, while data center revenue jumped 427% from last year to $22.6 billion, an increase fueled in part by […]