Intel Rallies On Reported Apple Chip Deal
A Potential Boost For Intel Foundry Intel shares surged after a report said the company has reached a preliminary deal to manufacture some chips for Apple devices. The agreement, if finalized, would
McDonald’s Beats As Value Demand Rises
Results Top Wall Street Forecasts McDonald’s reported stronger than expected first quarter earnings as consumers continued to seek value in a more difficult economic environment. The fast food giant posted adjusted earnings
Alphabet Rises On Cloud And AI Strength
Results Beat Wall Street Expectations Alphabet shares rose more than 3% after the Google parent reported first quarter results that beat analyst expectations on both revenue and earnings. The performance was supported
General Motors Boosts Dividend and Announces $6B Buyback
General Motors (GM) announced on Wednesday that it will increase its quarterly dividend by 25% and initiate a new $6-billion share buyback program, signaling confidence in the company’s future despite economic uncertainties
JPMorgan Pushes for More Hustle Amid Office Return Tensions
JPMorgan Chase (JPM.N) is facing internal tensions as executives push for increased productivity and a stronger in-office culture, despite employee resistance to the bank’s five-day return-to-office policy. Just days after CEO Jamie
Krispy Kreme Stock Drops as Revenue Misses Forecast
Krispy Kreme (DNUT) faced a challenging fourth quarter, reporting a 10% decline in revenue compared to the previous year, falling short of Wall Street’s expectations. The disappointing results led to a more
Home Depot Surpasses Expectations Amid Housing Slump
Home Depot exceeded Wall Street’s sales expectations for the fourth quarter, demonstrating resilience amid elevated interest rates and sluggish demand for large home improvement projects. Despite the challenging economic landscape, Home Depot
Berkshire Hathaway Earnings Surge Amid Record Cash Pile
Berkshire Hathaway shares surged nearly 4% on Monday after Warren Buffett’s conglomerate reported a 71% increase in operating earnings for the fourth quarter. The company’s operating profit, which includes earnings from wholly
Berkshire Hathaway Sells S&P 500 ETFs Amid Market Concerns
On Saturday, Berkshire Hathaway (NYSE:BRK.B) disclosed its 13F statement for Q4 2024, revealing a notable sell-off of S&P 500 ETFs. This move surprised investors, as Warren Buffett had previously praised S&P 500
Alibaba’s Revenue Soars Amid AI Investment Boom
Chinese e-commerce giant Alibaba Group Holding posted its fastest revenue growth in over a year, surpassing analyst expectations as it capitalizes on China’s artificial intelligence boom. Strong Financial Performance For the quarter
Walmart’s Profit Growth Slows Despite Rising Sales
Walmart shares fell 6% in early trading Thursday as the retailer forecasted slower profit growth for the fiscal year despite continued sales momentum. Holiday-quarter revenue increased by 4%, and U.S. e-commerce sales
Moderna Reports Larger-Than-Expected Quarterly Loss
Biotech firm Moderna (MRNA.O) reported a bigger-than-expected quarterly loss, primarily due to charges related to scaling down manufacturing as demand for its COVID-19 vaccine weakens. The company posted a quarterly loss of
Super Micro Reports Strong Q2 Growth Amid AI Boom
Super Micro’s Revenue Surges on AI Demand Super Micro Computer Inc. (SMCI) posted impressive preliminary second-quarter fiscal 2025 results, with net sales reaching between $5.6 billion and $5.7 billion, a 54% year-over-year