Broadcom recently released its fiscal third-quarter results, surpassing Wall Street’s revenue and earnings expectations. Despite this positive performance, the company experienced a 7% drop in its shares during extended trading following guidance that aligned with market expectations. Financial Highlights The company reported earnings per share of $1.24, slightly exceeding the estimated $1.20. Additionally, Broadcom reported
Boeing’s Starliner capsule recently undocked from the International Space Station much later than initially planned. The spacecraft left without the two astronauts it had delivered to orbit in early June. This unexpected turn of events led to NASA test pilots Butch Wilmore and Suni Williams staying at the ISS until February, when they will return
Nobel Prize-winning economist Joseph Stiglitz has recently made headlines by insisting that the Federal Reserve should implement a 0.5% interest rate cut at the upcoming meeting. Stiglitz has criticized the central bank for what he deems as moving “too far, too fast” with their monetary policy tightening, which has only exacerbated the issue of inflation.
The transportation industry has seen its fair share of ups and downs, with companies like Forward Air making headlines for both the right and wrong reasons. Forward Air, an asset-light provider of transportation services across North America, Europe, and Asia, has been the subject of intense scrutiny and activism by Ancora, a family wealth investment
The year 2024 has witnessed a surge in exchange-traded fund (ETF) inflows, breaking monthly records and catching the attention of industry experts. Nate Geraci, the president of The ETF Store, expressed his views on the potential impact of the money market fund boom on ETF inflows for the remainder of the year. He highlighted the
In recent years, the automotive industry witnessed a significant pullback in advertising and marketing budgets due to a lack of vehicle inventory caused by the Covid-19 pandemic and supply chain disruptions. However, as vehicle inventory levels have begun to grow and economic conditions have stabilized, automakers are once again turning to live sports, specifically the
Back in 1916, the world saw its first billionaire when John D. Rockefeller of Standard Oil reached a net worth of $1 billion. This achievement was considered monumental at the time and sparked a fascination with the idea of becoming a billionaire. Fast forward to the present day, and the focus has shifted to who
Activist investor Starboard Value has made a bold move to dissolve News Corp’s dual-class share structure, a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. This strategic decision, as reported by sources close to the matter, was initiated through a non-binding shareholder resolution. At the time of the push
Gone are the days when Sunday circulars were the only source of coupons. In today’s digital age, consumers have access to online codes, browser extensions, and money-saving apps to help them find significant discounts at any time. According to a recent study by SimplyCodes, Friday is the best day for consumers to save money while
The supply of homes for sale in the real estate market has been experiencing significant changes recently. While the supply remains lower than historical standards, there has been a noticeable increase in the number of active listings across the nation. According to a report from Realtor.com, active listings in August were up by 36% compared