Posts with tag: technology
The Bank of England has signaled that more interest rate cuts are on the way, putting the UK economy on course to avoid falling into recession, experts say.
Published on: February 06, 2025, 08:00 PM UTC
As US unemployment claims remain high, experts note increasing difficulty in finding a job. Workers are remaining unemployed longer, with economists citing elevated continuing claims. Economists observe that it's taking longer for Americans, including college graduates, to secure employment post-layoff.
Published on: February 06, 2025, 07:02 PM UTC
Wall Street trades cautiously ahead of Amazon earnings and Friday's crucial jobs report, with mixed corporate results and economic data providing little direction.
Published on: February 06, 2025, 06:03 PM UTC
In his confirmation hearing to become the U.S. trade representative, Jamieson Greer faced bipartisan skepticism and concerns about the impact of trade actions on rural communities.
Published on: February 06, 2025, 06:01 PM UTC
Stargate, a joint venture between OpenAI, Oracle and SoftBank, plans to invest up to $500 billion to help the U.S. stay ahead in the global AI race.
Published on: February 06, 2025, 06:00 PM UTC
Qualcomm shares fell as investors worry about declining smartphone demand. Qualcomm projects flat or low single-digit growth in the overall smartphone market in 2025, excluding Huawei revenue. Qualcomm's technology license business outlook also raised concerns among analysts. Despite the decline, Qualcomm reported strong fiscal Q1 results, with revenue rising 17% to $11.7 billion and EPS of $3.41.
Published on: February 06, 2025, 04:04 PM UTC
Arm Holdings issues cautious revenue forecast amid concerns over slowing AI spending, with revenue expected to be $1.18 billion to $1.28 billion in the fiscal fourth quarter.
Published on: February 06, 2025, 04:04 PM UTC
Tapestry's record holiday quarter and strong Coach sales drive a 15% stock surge and raised guidance, with Tapestry seeing full-year EPS of $4.85 to $4.90 and revenue of $6.85 billion.
Published on: February 06, 2025, 04:01 PM UTC
Peloton shares surged after the exercise equipment company reported better-than-expected revenue and adjusted earnings. Its forecast for adjusted EBITDA for the third quarter and full year also topped estimates.
Published on: February 06, 2025, 04:01 PM UTC
Jamieson Greer, President Trump's nominee for US trade representative, says he would use trade policy to revitalize manufacturing and counter global volatility.
Published on: February 06, 2025, 04:00 PM UTC