Hailing from the enterprise software industry, Parsons (IBD) and Palantir Technologies (PLTR) both tap artificial intelligence to help drive the future of the defense, intelligence and critical infrastructure markets. But while PLTR stock has stumbled at the start of 2024, Parsons stock stands ready to rocket into buy range.
(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue […]
WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank’s interest rate hikes. Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. The month-over-month […]
(Bloomberg) — Shares in Asia gave up earlier gains led by a selloff in technology shares in Hong Kong after China unveiled new restrictions for the world’s biggest mobile games arena. Most Read from Bloomberg A gauge of regional equities is set for its biggest weekly loss in over a months after the Hang Seng […]
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020.Brendan McDermid/Reuters US stocks plunged Wednesday as recession fears dampened investors’ enthusiasm for Fed rate cuts. The Dow Jones Industrial Average snapped its nine-day winning streak. Wall Street strategists have warned Fed rate cuts could be […]
* FedEx falls on dour annual revenue forecast * General Mills slips after annual sales forecast cut * Alphabet up as report says Google to restructure ad sales unit * Indexes down: Dow 1.27%, S&P 1.47%, Nasdaq 1.50% (Updates with closing prices) By Stephen Culp NEW YORK, Dec 20 (Reuters) – U.S. stocks closed lower […]