Broadcom (AVGO) on Thursday reported fiscal fourth quarter earnings and revenue that edged by Wall Street consensus estimates. The company said it expects to hit $50 billion in fiscal 2024 revenue for AVGO stock, including recently acquired software...
The Dow Jones Industrial Average closed higher Thursday as stocks rallied ahead of the U.S. jobs report due Friday. Advanced Micro Devices (AMD) surged amid more enthusiasm over its artificial intelligence initiatives while Nvidia (NVDA) also gained ground....
Updated Dec 07, 2023, 5:44 pm EST / Original Dec 07, 2023, 4:36 pm ESTBroadcom stock fell after the chip maker’s
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solid earnings results failed to satisfy investors. Continue reading this article...
Echoing Elon Musk and Michael Burry, an economist has warned about American consumers' debt woes.Record credit-card debt threatens to spark a consumer-spending slowdown soon, Carl Weinberg said.Weinberg expects the US economy to cool but not slide into recession, and...
Updated Dec 06, 2023, 5:30 pm EST / Original Dec 06, 2023, 1:30 am ESTC3.ai shares were heading lower in late trading Wednesday, after the provider of enterprise generative artificial intelligence
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C3.ai (AI) on Thursday reported mixed results for its fiscal second quarter, including a weaker-than-expected revenue outlook. AI stock fell more than 9% in after-hours trading. X C3.ai posted a smaller-than-expected adjusted...
Updated Dec 06, 2023, 5:11 pm EST / Original Dec 06, 2023, 4:16 pm ESTGameStop shares fell in after-hours trading Wednesday after the
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videogame retailer reported worse-than-expected fiscal third-quarter revenue.Continue reading this...
AbbVie will acquire neuroscience-drug maker Cerevel Therapeutics Holdings for $45 a share, giving the company an equity value of about $8.7 billion.The deal is AbbVie’s second major acquisition announced in the last two weeks, after
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Dec 06, 2023, 4:42 pm ESTChewy shares are heading lower in late trading Wednesday after the online pet products retailer provided disappointing guidance for the
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January quarter and reduced its full-year outlook,...
Procter & Gamble to book $1.3 billion accounting charge on shaving giant it acquired in 2005Updated Dec. 5, 2023 4:45 pm ETProcter & Gamble said it was booking a $1.3 billion charge on its Gillette business, adjusting the value...
