The Ratings Game: Broadcom’s ‘excellent backlog management’ earns Wall Street’s trust as other chip makers struggle
Broadcom shows it's an outlier of consistency in a turbulent semiconductor market.
Broadcom shows it's an outlier of consistency in a turbulent semiconductor market.
The foreclosure process began on nearly 20,700 U.S. properties last month, though that was down 5% from October, Attom said in a new report.
U.S. stocks were trading down heading toward the closing bell Friday, with all three major benchmarks on track for weekly losses, as investors considered the latest wholesale inflation data ahead of the Federal Reserve's policy meeting next week. The Dow Jones Industrial Average was down 0.4%, while the S&P 500 slipped 0.2% and the technology-heavy Nasdaq Composite dipped 0.1%, according to FactSet data, at last check. All three benchmarks were on pace to snap two straight weeks of gains.
Читать дальше...It's open-enrollment season: Here’s what to know if you’re considering a high-deductible health plan.
Analysts see a challenging path ahead for Carvana Co.'s stock as bankruptcy fears overwhelm the company's broader narrative.
Environmental, social and governance principles don’t just boost a company’s reputation. ESG also correlates with higher profits, research shows.
U.S. oil futures settled lower on Friday to post a weekly loss of 11%. The “short-term crude demand outlook has deteriorated significantly as no one has a strong handle on how bad a recession will hit the U.S. economy,” said Edward Moya, senior market analyst at OANDA. U.S. benchmark WTI crude for January delivery CLF23 fell 44 cents, or 0.6%, to settle at $71.02 a barrel on the New York Mercantile Exchange, with prices ending at their lowest since Dec. 20, 2021, according to Dow Jones Market Data. Читать дальше...
Gold futures climbed Friday for a fourth consecutive session to end the week modestly higher. The week was quiet for precious metals prices, “largely due to an equally uneventful week for some of the key drivers of prices,” such as the U.S. dollar, said Caroline Bain, chief commodities economist at Capital Economics. Instead, the focus is on next week, when we expect the Federal Reserve to slow the pace of its tightening cycle with a 50 [basis point] hike, she said. “We think U.S. inflation is... Читать дальше...
White House press secretary Karine Jean-Pierre on Friday played down a Fox Business report that said Bank of America CEO Brian Moynihan is on the Biden administration's short list to replace Treasury Secretary Janet Yellen if Yellen decides to leave her post. Jean-Pierre said that report "seems to be pure speculation" and pointed to Yellen's recent statement that she has no plans to leave. The report said Commerce Secretary Gina Raimondo is also a frontrunner for the Treasury job.
Читать дальше...The Dow is on the verge of a 'golden cross,' a bullish omen for stocks
An upbeat golden cross appears to be forming in the Dow Jones Industrial Average, more than nine months after a bearish pattern appeared in March.
Corn futures edged higher on Friday, but trade below the session’s best levels after the U.S. Department of Agriculture reduced its forecast for U.S. corn exports and raised its expectations for ending stocks for the 2022/2023 marking year. The government agency lowered its U.S. corn exports forecast by 75 million barrels, citing competition from other exports and “relatively” high U.S. prices. It also raised corn ending stocks by 75 million bushels. The most-active March corn contract CH23 rose 2 ½ cents... Читать дальше...
The streaming giant had to deal with increased competition and slowing content growth this year, but Wells Fargo sees a better outlook for 2023.
The Federal Reserve's interest-rate forecasts, set to be released next Wednesday, are likely to reflect a fed-funds rate that peaks at 5.1% next year and stays at that level by the end of next year, according to economists at Deutsche Bank. That would be up from a 4.6% 2023 year-end forecast released by the Fed in September. Deutsche Bank expects Fed policy makers to reach the 5.1% fed-funds rate level by next May. Friday's hotter-than-expected producer prices report for November revealed that... Читать дальше...
The ATM was created to expose people's 'wealth-flaunting impulses' by showing everyone how much money someone has in the bank.
Gold prices edge higher on Friday after the U.S. November producer-price inflation came in slightly higher than expected.
The initial reaction from analysts is that Kyrsten Sinema's move won't shake up how the Senate functions much, but has more to do with 2024.
U.S. wholesale prices rose 0.3% in November, slightly higher than the 0.2% gain expected, the Labor Department said Friday
Senate Majority Leader Chuck Schumer said in a statement Friday that Sen. Kyrsten Sinema of Arizona asked him to keep her committee assignments and he agreed. Sinema announced earlier Friday that she’s leaving the Democratic Party to register as an independent. "I believe she's a good and effective Senator and am looking forward to a productive session in the new Democratic majority Senate," Schumer also said. "We will maintain our new majority on committees, exercise our subpoena power, and be able to clear nominees without discharge votes.
Sam Bankman-Fried says he's willing to testify before Congress about the collapse of FTX. Just don't expect him to show up in person, legal experts say.
The year in financial fraud — tune in live at noon Eastern for our 2022 recap
Why Kyrsten Sinema’s departure from Democratic Party is no political earthquake
Abbott Laboratories said Friday morning that it would be raising its dividend to 51 cents a share. The increase amounts to a 8.5% bump relative to the company's prior quarterly dividend of 47 cents a share. Abbott Labs noted in the release that it has upped its dividend for 51 consecutive years. Shares are up 0.9% in Friday morning trading. They've lost 19% over the past 12 months as the S&P 500 index has fallen 15%.
Читать дальше...
As its battle with the Federal Trade Commission deepens over the Activision Blizzard Inc. acquisition, Microsoft Corp. isn't shying away from merger activity. The company announced in a Friday morning blog post that it has acquired Lumenisity Limited, which makes hollow core fiber (HCF) solutions. "The acquisition will expand Microsoft's ability to further optimize its global cloud infrastructure and serve Microsoft's Cloud Platform and Services customers with strict latency and security requirements," Microsoft said in the blog post. Читать дальше...
Oil futures rise on Friday, but look to end the week with a loss of more than 10% which would be the largest weekly loss for U.S. benchmark crude since April.
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