Broadcom’s fiscal third-quarter results exceeded Wall Street expectations with earnings per share of $1.24 adjusted versus $1.20 expected, and revenue of $13.07 billion compared to $12.97 billion expected. This strong performance showcases the company’s ability to deliver solid financial results even amidst economic uncertainties. Despite the positive earnings report, Broadcom’s shares fell by 7% in
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In light of the upcoming Federal Reserve meeting, Nobel Prize-winning economist Joseph Stiglitz has voiced his opinion that the Fed should deliver a half-point interest rate cut. Stiglitz believes that the U.S. central bank has tightened its monetary policy too aggressively, exacerbating the issue of inflation. He argues that keeping interest rates near zero for
Burberry Group, a renowned British luxury fashion house, faced a major setback as it dropped out of the U.K.’s FTSE 100 stock market index after a 15-year stint. The company’s downfall was attributed to waning sales, multiple management changes, and a significant decline in its share price. With a current market cap of £2.34 billion
In 2024, exchange-traded fund inflows have exceeded monthly records, indicating strong investor interest in this market. The surge in inflows is largely attributed to the significant growth in money market funds, with over $6 trillion currently parked in these funds. Market experts believe that this influx of capital could have a substantial impact on ETF
Forward Air is a transportation services company that offers various services across North America, Europe, and Asia. The company’s segments include Expedited Freight, Intermodal, and Omni Logistics. Forward Air focuses on expedited less-than-truckload markets and alternative time-definite delivery solutions. Ancora is an advisory firm with a history of activist efforts in niche areas like banks,
In recent years, automakers had taken a step back from advertising during the National Football League season due to various reasons such as low vehicle inventory levels, the Covid-19 pandemic, and supply chain problems. However, there seems to be a shift in this trend as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers
Back in 1916, the world marveled at the announcement of the first billionaire, John D. Rockefeller, reaching a wealth milestone previously thought to be unattainable. Fast forward to the present day, and we now have the looming question of who will be the first trillionaire. The fascination with this prospect is palpable, with several companies
Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, potentially threatening the Murdoch family’s control over the Wall Street Journal parent company. This move was made through a non-binding shareholder resolution, indicating a significant push for change within the company. News Corp’s current structure, giving Rupert Murdoch almost 40% control
Gone are the days when coupons were only found in Sunday circulars. In today’s digital age, consumers have a plethora of options to save money, from online codes to browser extensions and money-saving apps. According to a recent study by SimplyCodes, Friday emerges as the best day for consumers to save money while shopping online.
The real estate market has been witnessing a significant shift in recent times. Though the supply of homes for sale is still lower than historical standards, it is quickly rising. According to a report from Realtor.com, active listings in August saw a 36% increase compared to the same month last year, marking the 10th consecutive