Market

Qualcomm sees exciting potential in AI phones, but its stock dips after earnings

Chip company delivers a better-than-expected forecast at the midpoint Source link

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Freight demand is weak, but cost cuts help C.H. Robinson boost profits. Shares are rallying.

Shares of shipping logistics provider C.H. Robinson Worldwide Inc. rallied on Wednesday after the company reported a second-quarter adjusted profit…

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Zuckerberg says Facebook is cool with young people again. Now comes the hard part.

Recent data from Meta indicated that over 40 million U.S. and Canadian young adults are daily active users, the highest…

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Here’s what’s worth streaming in August 2024: ‘Industry,’ ‘Only Murders in the Building’ and much more

August features new seasons of Max’s successor to “Succession,” Netflix’s “Emily in Paris,” and Amazon’s “Rings of Power” Source link

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Live Nation’s results should settle concerns about concert demand, analysts say

Concerns have grown about concert-ticket sales. But Ticketmaster parent and concert-industry giant Live Nation Entertainment Inc. is seeing none of…

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Trump slams taxes on Social Security benefits. But what happens if those taxes go away?

Senior citizens shouldn’t be paying taxes on their Social Security benefits, former President Donald Trump said Wednesday, floating an idea…

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Bond ETFs rally as Powell says ‘time is drawing near’ for potential Fed rate cut

U.S. bonds rallied Wednesday, after Federal Reserve Chair Jerome Powell expressed growing confidence the Fed could start lowering interest rates…

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Arm earnings mostly a beat, but chip designer falls short in a key segment

Arm’s stock drops more than 7% after royalty revenues come up short. Source link

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Expectations had dimmed for the IPO of Bill Ackman’s new fund. Now, the offering is being pulled.

Billionaire investor Bill Ackman’s Pershing Square USA is withdrawing its plans for an initial public offering, according to a statement…

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Israel-Hamas-Hezbollah tensions rally oil, but July weakness hints at long-term worries

A rally in oil futures Wednesday comes as no surprise as violence in the Middle East, including the assassination of…

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