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Chipmaker Broadcom raises annual revenue forecast, unveils stock split
reuters.com/technology/chipmaker-broadcom-raises-annual-revenue-forecast-2024-06-12/
Chipmaker Broadcom raises annual revenue forecast, unveils stock split
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks: A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert ...
cnbc.com/2024/07/19/population-ultra-high-net-worth-wealth.html
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
CrowdStrike stock price plummets amid worldwide IT outage: Shares fell nearly 15% in early trading on Friday.
abcnews.go.com/Business/crowdstrike-stock-price-plummets-amid-worldwide-outage/story
CrowdStrike stock price plummets amid worldwide IT outage
AI-Chip Maker Broadcom Joins IBD 50: Check Out New Names On IBD 50, IPO Leaders And More
investors.com/news/ai-chip-maker-broadcom-joins-ibd-50-check-out-new-names-on-ibd-50-ipo-leaders-and-more/
AI-Chip Maker Broadcom Joins IBD 50: Check Out New Names On IBD 50 ...
The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells Us.: There is no single formula for how much you need to save in your 401(k).
on.wsj.com/3J2sYeI
The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells ...
Activist investor Elliott builds sizeable stake in Starbucks, say sources: Activist investor Elliott Investment Management has built a sizable position in ...
reuters.com/business/retail-consumer/activist-investor-elliott-builds-sizeable-stake-starbucks-wsj-reports-2024-07-19/
Activist investor Elliott builds sizeable stake in Starbucks, say sources
GQ's expert guide on how to buy a Rolex : Two top London watch experts reveal how to buy a Rolex, from finding yourself a dealer to tapping into the secondhand ...
gq-magazine.co.uk/article/how-to-buy-a-rolex
GQ's expert guide on how to buy a Rolex
CrowdStrike shares down nearly 10% after global Microsoft outage—’It’s a disaster’
fortune.com/2024/07/19/crowdstrike-worldwide-it-outage-microsoft/
CrowdStrike shares down nearly 10% after global Microsoft outage—’It’s a ...
Sam Altman in talks with Broadcom about developing AI chip: The information reports that Sam Altman's vision for OpenAI to develop its own AI chips to reduce its ...
techspot.com/news/103895-openai-talks-broadcom-about-developing-ai-chip.html
Sam Altman in talks with Broadcom about developing AI chip
TSMC shares fall nearly 2% even after raising 2024 revenue forecast: Taipei-listed shares of TSMC fell at the market open on Friday, even after the company ...
reuters.com/technology/tsmc-shares-fall-nearly-2-even-after-raising-2024-revenue-forecast-2024-07-19/
TSMC shares fall nearly 2% even after raising 2024 revenue forecast
Quick Glance: TSMC Forecasts Over 25% Growth
  • Taiwan Semiconductor Manufacturing Co (TSMC) has raised its revenue projection for this year to above 25 percent, driven by strong demand for premium smartphones and artificial intelligence to increase the utilization of cutting-edge 3-nanometer and 5-nanometer chips.

  • TSMC's revenue growth is expected to significantly outperform the global foundry industry, which is projected to grow by about 10 percent this year.

  • The company anticipates continued tight capacity for 3-nanometer and 5-nanometer chips this year and next year, as customers aim to integrate AI functions into their devices.

  • TSMC expects revenue to hit an all-time high this quarter and projects a gross margin improvement from 53.2 percent to between 53.5 percent and 55.5 percent, mainly due to enhanced factory utilization.
US stocks tumble as tech share rebound falters: Fears of new trade tensions with China drive main indexes lower.
aljazeera.com/economy/2024/7/19/us-stock-tumble-as-tech-share-rebound-falters
US stocks tumble as tech share rebound falters
Stock still falls: Netflix gains many more customers than expected: While other streaming services are in the red, Netflix is ​​profitable. Since the market ...
n-tv.de/wirtschaft/Netflix-gewinnt-viel-mehr-Kunden-als-erwartet-article25100078.html
Stock still falls: Netflix gains many more customers than expected
Quick Glance: Netflix Plans to Discontinue Its Most Affordable Ad-Free Plan in the US
  • Netflix is gradually phasing out its Basic plan, priced at $11.99 per month in the US.

  • Basic users in the US now have the option of choosing between Netflix's Standard and Premium plans for an ad-free viewing experience, priced at $15.49 and $22.99 per month respectively.

  • Netflix saw a 34% increase in new sign-ups for its ad-supported tier in the second quarter of this year.

  • In the second quarter, Netflix added 8.05 million new subscribers, reaching a total of 277.65 million subscribers on its streaming platform.
Dow soars more than 700 points to close at another record high: Strong earnings reports and expectations the Federal Reserve will cut rates are driving the rally ...
washingtonpost.com/business/2024/07/16/dow-jones-record-high/
Dow soars more than 700 points to close at another record high
Quick Glance: Dow reaches new high with over 700 points increase
  • The Dow Jones Industrial Average closed at a record high Tuesday and saw an increase of 743 points, marking its largest one-day gain in over a year.

  • These positive developments occurred amidst a broader rally driven by stronger-than-expected June retail sales data, robust earnings reports, and the anticipation of a benchmark interest rate cut by the Federal Reserve in September.

  • One standout performer was UnitedHealth, whose stock surged 6.5 percent after reporting better-than-expected results for the second quarter, contributing to the Dow's upward movement.

  • Following last week's less-than-expected inflation report, the market has bounced back. The Dow hit its previous record on Monday after Federal Reserve Chair Jerome H. Powell expressed confidence that recent data indicates inflation is heading towards the central bank's 2 percent target.
Nvidia rebounds after TSMC says AI chip demand remains strong: Nvidia's rise came after TSMC said on Thursday that demand remains high and supply remains ...
cnbc.com/2024/07/18/nvidia-rebounds-after-tsmc-says-ai-chip-demand-remains-strong.html
Nvidia rebounds after TSMC says AI chip demand remains strong
KiwiSaver: Strong international stock markets boost New Zealanders' funds: Local balances are flourishing thanks to market movements overseas.
rnz.co.nz/news/business/522530/kiwisaver-strong-international-stock-markets-boost-new-zealanders-funds
KiwiSaver: Strong international stock markets boost New Zealanders' funds
IT boost lift Indian shares to record closing highs: Indian shares recovered from a weak start to end at record closing highs on Thursday ...
reuters.com/world/india/indian-shares-seen-flat-ltimindtree-asian-paints-focus-2024-07-18/
IT boost lift Indian shares to record closing highs
Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from Roche: Novo Nordisk and Eli Lilly shares slid Wednesday on promising early-stage trial ...
cnbc.com/2024/07/17/novo-nordisk-eli-lilly-shares-slide-on-roches-obesity-drug-trial-.html
Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from ...
Wales Blew $18 Million on TVR’s Ongoing Revival Attempt: Now it’s left with shares that are worth less than when it bought them.
thedrive.com/news/tech/wales-blew-18-million-on-tvrs-ongoing-revival-attempt
Wales Blew $18 Million on TVR’s Ongoing Revival Attempt
The Hot List: 20 Must-Have Pieces, According to Instagram’s Favorite Fashion Sourcer
vogue.com/article/the-hot-list-with-gab-waller
The Hot List: 20 Must-Have Pieces, According to Instagram’s Favorite ...
Baywa: How a model company got into an existential crisis: The more than 100-year-old company is one of the largest agricultural traders ever ...
sueddeutsche.de/wirtschaft/baywa-krise-landwirtschaft-lux.4MxNW72vdmPRWRuTsoYjTR
Baywa: How a model company got into an existential crisis
Darden Restaurants buys Tex-Mex chain Chuy's for $605 million: The parent company of Olive Garden, LongHorn Steakhouse, Yard House and other chains says it's ...
apnews.com/article/darden-chuys-texmex-restaurant-a44f10f0fecd51a8e4a2d6a3bfb990d9
Darden Restaurants buys Tex-Mex chain Chuy's for $605 million
Domino's Pizza to open fewer stores in 2024; misses sales estimates: Domino's Pizza forecast sequentially slower third-quarter comparable sales on Thursday and ...
reuters.com/business/retail-consumer/dominos-pizza-narrowly-misses-quarterly-sales-estimates-muted-demand-2024-07-18/
Domino's Pizza to open fewer stores in 2024; misses sales estimates
Europe's STOXX 600 falls for third straight session as tech drags: European shares closed lower for a third straight day on Wednesday, with chip stocks sliding ...
reuters.com/markets/europe/european-shares-open-lower-tech-stocks-drag-2024-07-17/
Europe's STOXX 600 falls for third straight session as tech drags
Nicole Kidman Shares Daughter's Reaction To Her Getting ‘Stoned’ In ‘Eyes Wide Shut’ Scene
huffpost.com/entry/nicole-kidman-daughter-eyes-wide-shut-marijuana-scene_n_6697eb3ee4b053ef7d6c495a
Nicole Kidman Shares Daughter's Reaction To Her Getting ‘Stoned’ In ‘Eyes ...
Broadcom, Marvell, and 3 Other Chip Stocks to Play AI: J.P. Morgan analyst Harlan Sur favors Broadcom, Marvell Technology, Micron Technology, Analog Devices ...
on.barrons.com/3zDkCZk
Broadcom, Marvell, and 3 Other Chip Stocks to Play AI
Buffett's Berkshire Hathaway sets, closes at record high: Berkshire Hathaway's share price set a record high on Monday, reflecting investors' confidence in ...
reuters.com/business/finance/berkshire-hathaway-share-price-sets-record-high-2024-07-15/
Buffett's Berkshire Hathaway sets, closes at record high
CNN's John King shares 'more bad news' for Biden as polls show Trump leading in swing states
nypost.com/2024/07/17/media/cnns-john-king-shares-more-bad-biden-news-polls-show-trump-leading-in-swing-states/
CNN's John King shares 'more bad news' for Biden as polls show Trump ...
Adidas jumps 5% after second outlook hike, strong Q2: Adidas shares jumped as much as 5% on Wednesday, hitting their highest in over two years ...
reuters.com/business/retail-consumer/adidas-jumps-5-after-second-outlook-hike-strong-q2-2024-07-17/
Adidas jumps 5% after second outlook hike, strong Q2
Trump’s Net Worth Jumps $1 Billion After Assassination Attempt: Shares of Trump Media surged Monday following the assassination attempt against former President ...
forbes.com/sites/tylerroush/2024/07/15/trumps-net-worth-jumps-1-billion-after-assassination-attempt/
Trump’s Net Worth Jumps $1 Billion After Assassination Attempt
Quick Glance: Stock Markets React Strongly to Assassination Attempt
  • Financial markets are showing increased interest in the possibility of Donald Trump making a comeback as president in the upcoming US elections.

  • Following the assassination attempt on the Republican candidate, the prices of crypto stocks, gun stocks, and other companies that could benefit from a potential Donald Trump presidency have risen.

  • Shares of Trump Media & Technology Group, majority-owned by Trump, surged by 30 percent, lifting the company's market value to $7.6 billion, despite its revenue being comparable to that of two Starbucks stores in the US.

  • After billionaire Elon Musk publicly expressed his support for Trump following the assassination attempt, shares of electric vehicle maker Tesla rose by 5.2 percent, and long-dated US bond yields increased in anticipation of Trump's policies driving up government debt and fueling inflation.
Progressive's quarterly profit surges on strong demand for auto insurance policies
reuters.com/business/progressives-quarterly-profit-surges-strong-demand-auto-insurance-policies-2024-07-16/
Progressive's quarterly profit surges on strong demand for auto insurance ...
Apple at all-time high after Morgan Stanley calls stock 'top pick' for AI efforts
reuters.com/technology/apple-gains-after-morgan-stanley-calls-stock-top-pick-ai-efforts-2024-07-15/
Apple at all-time high after Morgan Stanley calls stock 'top pick' for AI ...
Macy's ends buyout talks with investor group, shares slump: Macy's scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that ...
reuters.com/markets/deals/macys-terminates-discussions-with-arkhouse-brigade-2024-07-15/
Macy's ends buyout talks with investor group, shares slump
Baywa Shares lose a third of their value: Baywa is in deep crisis and has high debts. Now an expert report is to find out whether the company is still capable ...
sueddeutsche.de/wirtschaft/baywa-aktie-krise-lux.TH1jXD16Fhq56cZSsQ1CQK
Baywa Shares lose a third of their value
Goldman Sachs Reports Q2 Earnings Beat, Dividend Hike: Goldman Sachs stock is modestly higher Monday after the big bank beat expectations for its second quarter ...
kiplinger.com/investing/stocks/goldman-sachs-reports-q2-earnings-beat-dividend-hike
Goldman Sachs Reports Q2 Earnings Beat, Dividend Hike
Trump's Truth Social stock soars after assassination attempt: Shares climbed 30% in early trading on Monday.
abcnews.go.com/Business/trumps-truth-social-stock-soars-after-assassination-attempt/story
Trump's Truth Social stock soars after assassination attempt
Granny flats could stem the urban sprawl tide: From Victoria University of Wellington - Opinion: Rapidly increasing housing stock without requiring new ...
newsroom.co.nz/2024/07/16/granny-flats-could-stem-the-tide-of-urban-sprawl/
Granny flats could stem the urban sprawl tide
The Slow-Motion Paramount Saga Is Over. A New Rich Kid Will Take Control of the Iconic Brand.
slate.com/business/2024/07/paramount-skydance-redstone-ellison-national-amusements-deal.html
The Slow-Motion Paramount Saga Is Over. A New Rich Kid Will Take Control ...