Category Archives: Syndicated
Samsung Electronics’ operating profit jumps 933% in first quarter, beats expectations
(CNBC) Samsung’s revenue for the quarter ending March jumped 12.81% from a year ago, while operating profit soared 932.8% in the same period. The figures were in line with the company’s guidance earlier this month, where Samsung said operating profit […]
Family offices are looking beyond the stock market for higher returns, new report finds
(CNBC) Large family offices have nearly half their investments in private markets and alternatives, as they move out of the stock market in search of higher returns and lower volatility, according to a new study. Family offices have 46% of […]
McDonald’s is about to report earnings. Here’s what to expect
(CNBC) In the U.S., the burger chain has seen low-income customers pull back their spending. Wall Street is expecting the trend to continue this quarter, predicting domestic same-store sales growth of just 2.6%, according to Street Account estimates. McDonald’s shares […]
Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China
(CNBC) Shares of Tesla rose sharply on Monday, their best day since March 2021, after the electric carmaker passed a significant milestone to roll out its advanced driver-assistance technology in China. The company’s share price closed up 15% as investors reacted […]
Stock futures are little changed following S&P 500?s best week since November: Live updates
(CNBC) S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting. Futures […]
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
(CNBC) Snap shares surged 28% last week after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts’ estimates. The stock climbed $3.15 to close at $14.55, its biggest percentage gain since […]
Intel used to dominate the U.S. chip industry. Now it’s struggling to stay relevant
(CNBC) Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the year. Although Intel’s revenue is no longer shrinking and the […]
How working for Big Tech lost ‘dream job’ status
(CNBC) Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. As of […]
WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’
(CNBC) Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. Speaking Sunday at Global Collaboration, in […]
S&P 500 futures pop in overnight trading, boosted by Alphabet and Microsoft: Live updates
(CNBC) S&P 500 futures rose Friday as Big Tech names Alphabet and Microsoft saw shares rally on strong earnings. Futures linked to the broad market index climbed 0.9%, and Nasdaq 100 futures popped 1.15%. Futures on the Dow Jones Industrial […]
Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results
(CNBC) Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments in artificial intelligence. Alphabet topped analysts’ estimates, reporting revenue […]
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock
(CNBC) Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, the filing said, listing an “approximate date of sale” of April 25, and describing it as an exercise of stock options. Tesla announced on April […]