Boeing orders tumbled in April and were outnumbered by canceled sales in another sign of the crisis gripping the troubled aircraft manufacturer. Boeing said Tuesday that it received orders for seven planes last month, an unusually small number. That wasn’t enough to offset canceled sales covering 33 planes, 29 of which were related to the […]
By Max A. Cherney and Stephen Nellis (Reuters) -Arm Holdings gave a full-year revenue forecast on Wednesday that missed the expectations of investors who had sent the chip designer’s shares soaring last September following its IPO on optimism around AI. Shares of Arm fell about 7% in extended trading after the report. Arm’s March-quarter results […]
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.Andrew Kelly/Reuters The stock market looks poised to fall from its extreme heights, legendary investor John Hussman said. Hussman said the stock market is mirroring the extremes leading up the 1929 crash. A market crash […]
(Reuters) — Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand. AMD was down more than 6% in premarket trading, and is on course to lose more […]
The glass is looking half empty for Starbucks (SBUX) this quarter. For its Q2 earnings, the company missed expectations across the board, posting lower than expected revenue, earnings, and same store sales growth. CEO Laxman Narasimhan called it a “a highly challenged environment,” adding that these second quarter results “do not reflect the power of […]
The Japanese yen fell Friday to its weakest level against the U.S. dollar since 1990. Bitcoin remained flat around $64,000 as some altcoins slid lower. Intervention may follow soon if yen devaluation continues, Lekker Capital’s Quinn Thompson said. Cryptocurrencies, widely known for their often volatile nature, were a sea of calm Friday as the Japanese […]
Techs led a retreat in US stocks on Thursday as Meta’s (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings. Meanwhile, a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. The Nasdaq Composite […]
Techs led a retreat in US stocks on Thursday as Meta’s (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings. Meanwhile, a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. Nasdaq 100 (^NDX) […]
Techs led a retreat in US stocks on Thursday as Meta’s (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings, while a GDP update ahead is set to revive the rate-cut debate. Nasdaq 100 (^NDX) futures fell 1% on the heels of a go-nowhere day for the major Wall Street gauges. Futures on […]
Matt McClain/The Washington Post/Getty Meta reported first-quarter earnings on Wednesday. Mark Zuckerberg talked about Meta’s plans to invest more in AI. Shares tumbled 17% in after-hours trading. Meta reported first-quarter earnings on Wednesday after the closing bell. The company reported revenue and earnings-per-share that beat consensus analyst estimates. But shares slid after Meta gave a […]
By Liam Mo and Brenda Goh BEIJING (Reuters) -Apple’s smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei’s [HWT.UL] new product launches, market data showed. Apple’s share in the world’s biggest smartphone market fell […]
Stocks opened mostly lower but were digging themselves out of a deeper sell-off on Friday, after Israel’s retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. The Dow Jones Industrial Average (^DJI) rose 0.2%. The S&P 500 (^GSPC) fell about 0.1%, while the tech-heavy Nasdaq Composite […]