Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech sector.
Broadcom Inc on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc’s new iPhones is expected to bolster its wireless business.
The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co’s wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The cybersecurity specialist easily beat expectations once again on broad-based growth. …read more […]
China could turn its telecom market into a duopoly. …read more […]
The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” investors hoping the electric car company’s stock price would fall.
Media company CBS Corp’s board is in talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
Apple Inc plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can and cannot be obtained from the iPhone maker, according to a company letter seen by Reuters.
Finisar (FNSR) delivered earnings and revenue surprises of 50.00% and 0.43%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]
A rollercoaster ride for Tesla — first shares were up earlier in the day after CEO Elon Musk retweeted a favorable sales report by InsideEVs, which said Tesla was “1st, 2nd & 3rd in August sales” among electric car automakers.
But then shares paired gains following news that short seller Andrew Left of Citron Research filed a class action lawsuit against Tesla and Elon Musk for violating federal securities laws. …read more […]
Dividend income is nice. But it’s even better when it’s growing. …read more […]
The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies.
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal first-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 16 cents. The results exceeded Wall Street expectations. …read more […]
The Federal Reserve will likely have to raise interest rates past the neutral rate to keep the economy on a sustainable growth path and inflation around target, according to Chicago Federal Reserve Bank President Charles Evans.
Broadcom Inc reported third-quarter profit above analysts’ estimates and the chipmaker forecast current-quarter revenue largely above expectations, driven by strong performance of its enterprise storage business.
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