Broadcom 2Q Sales Surge on AI, Cloud Demand
The Palo Alto, Calif.-based chip and software company reported a profit of $2.12 billion, or $4.42 a share, in the quarter ended May 5, compared with a profit of $3.48 billion, or $8.15 a share, a ...
A Cautious Fed Eyes Just One Rate Cut In 2024
More newsworthy are the new economic projections from the Federal Open Market Committee, last updated at the March meeting.
May US CPI Report: Monthly Inflation Flat, Softer Than Expected
The Bureau of Labor Statistics reported that the Consumer Price Index rose 3.3% in May from year-ago levels—a tick downward ...
Comcast on Track for Lowest Close Since April 2023 — Data Talk
Comcast Corporation Class A (CMCSA) is currently at $37.78, down $0.54 or 1.4% --Would be lowest close since April 26, 2023, when it closed at $36.52 --On pace for largest percent decrease since May ...
Text of Fed's Monetary Policy Statement
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to ...
Which Tesla Shareholder Proposals Could Receive Support. And More About That Musk Pay Package
In a related move, Tesla is also proposing shareholders approve converting the company from a Delaware corporation to a Texas corporation. Tesla relocated from California to Texas in 2021. “The ...
Moody's on Track for Record High Close — Data Talk
Moody's Corporation (MCO) is currently at $415.55, up $12.23 or 3.03% --Would be new all-time high (Based on available data back to June 1, 1973) --Would be the first record close since May 22, 2024, ...
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Autodesk Up Over 5%, On Track for Largest Percent Increase Since November 2022 — Data Talk
--On pace for largest percent increase since Nov. 10, 2022, when it rose 14.57% --Down 34.9% from its all-time closing high of $342.27 on Aug. 25, 2021 ...
May CPI Report: Good News on Inflation, but Hold the Champagne
The Bureau of Labor Statistics reported the overall CPI was unchanged for the month, below the 0.1% increase analysts ...
Nordic Stocks Closed Up Wednesday; Beijer Alma Series B Topped Leaders
Beijer Alma AB Series B was the biggest leader among large stocks during the session, gaining 7.1%, and NCAB Group AB rose 6.2%. BoneSupport Holding AB rounded out the top three leaders on Wednesday, ...
Autodesk Shares Rise 5% After 1Q Earnings, Revenue Beat Forecasts
For fiscal 2025, the company expects adjusted earnings per share of $7.99 to $8.21, and revenue of $5.99 billion to $6.09 billion. Analysts forecast full-year adjusted earnings of $8.13 a share and ...