Broadcom recently released their fiscal third-quarter results, surpassing Wall Street’s expectations for both revenue and earnings. Despite this positive performance, Broadcom’s shares experienced a 7% drop in after-hours trading due to guidance that was in line with expectations. The company reported earnings per share of $1.24 adjusted, beating the $1.20 expected, and revenue of $13.07
Seven & i Holdings recently made a bold move by rejecting the takeover offer from Alimentation Couche-Tard, a Canadian convenience store operator. The company firmly stated that the proposed acquisition was not in the best interest of its shareholders and stakeholders. This decision comes after Couche-Tard offered to acquire all outstanding shares of Seven &
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a long delay in its departure timeline. Originally supposed to leave much sooner, the return trip did not include the two astronauts it brought to orbit in June. Instead, NASA test pilots Butch Wilmore and Suni Williams will remain at the ISS for an
Nobel Prize-winning economist Joseph Stiglitz has recently made headlines by calling for a half-point interest rate cut by the Federal Reserve at the upcoming meeting. Stiglitz criticizes the U.S. central bank for tightening monetary policy too quickly, which he believes has exacerbated the inflation problem. He emphasizes the importance of normalizing interest rates but argues
Vice President Kamala Harris recently announced a proposal to increase the capital gains tax rate to 28% for households making over $1 million annually. This potential tax hike has sparked discussions among financial advisors and top earners regarding its impact on investments and financial planning strategies. While Harris’ proposed tax rate is lower than the
In a surprising turn of events, Burberry Group, the British luxury fashion house, has dropped out of the U.K.’s FTSE 100 stock market index, marking the end of a 15-year tenure in the blue-chip index. This move comes amidst a series of management changes and plummeting sales, signaling significant challenges for the 168-year-old retailer. Burberry,
In recent years, automakers like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers have been making a comeback in advertising during the National Football League season. After a slowdown in marketing efforts due to various factors including the Covid-19 pandemic and supply chain issues, automakers are once again capitalizing on the popularity of
In 2024, exchange-traded fund inflows have exceeded monthly records, signaling a potential shift in investor behavior. With over $6 trillion parked in money market funds, industry experts believe that this trend could significantly impact ETF inflows before the year ends. Nate Geraci, the president of The ETF Store, raised concerns about the unpredictability of this
Forward Air is an asset-light transportation company that offers a range of services including less-than-truckload (LTL), truckload, and intermodal drayage services, as well as freight brokerage and supply chain services across North America, Europe, and Asia. The company’s core segments include Expedited Freight, Intermodal, and Omni Logistics. With a stock market value of $884.7 million,
In a bold move, activist investor Starboard Value has set its sights on breaking News Corp’s dual-class share structure. This strategic maneuver is a direct challenge to the Murdoch family’s long-standing control over the media conglomerate. The dual-class share structure has, until now, allowed media mogul Rupert Murdoch to wield significant influence over around 40%