Stock Market Today: The Dow Jones index rallies with the Nasdaq composite following a Fed Day tumble. Meta stock plunges on earnings.
It will be the second company to hit this milestone.
Qualcomm CFO Akash Palkhiwala said the company expects Apple-related revenue to decline by roughly 50% sequentially from the fourth quarter to the first quarter.
Apple and Amazon both report on July 30, and they are running opposite playbooks heading into earnings night. Understanding which approach fits your portfolio could change how you position before the bell rings.
The most expensive line in any contract is usually the one that activates when you do nothing at all. Miss a decision date on a gym membership and it renews. Ignore the end of a promotional rate on a credit card and it resets. Let a car lease run past its term and the leasing company starts writing ...
Chip stocks are rebounding on Thursday, with the exception of Qualcomm (QCOM), which provided profit guidance that disappointed Wall Street. BD8 Capital Partners CEO and CIO Barbara Doran and Yahoo Finance Technology Editor Dan Howley chat with Morning Brief host Julie Hyman about Qualcomm and the larger chip sector.
U.S. stocks ended sharply lower on Wednesday after the Federal Reserve kept interest rates unchanged, raising fears that the central bank could face major challenges in taming sky-high inflation.
Stocks kicked off Thursday’s trading session higher, reemerging from the carnage of Wednesday’s selloff. The S&P 500 was up 0.9%, while the Nasdaq Composite rose 1.6%. Rosenberg Research’s Dave Rosenberg described the moves as “a weak stock-market bound on shaky ground,” nodding to the major averages’ “precarious technical positions,” yesterday’s rise in bond yields, and oil price spikes.
Investors are punishing hyperscalers for their massive AI spending sprees, but the real danger may lurk on the opposite side of the ledger. One company has found a way to sidestep the whole dilemma entirely, and it reveals something important about who actually wins this race.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock
Warren Buffett built one of history's greatest investing empires, and even as a new CEO takes the helm at Berkshire Hathaway, a surprisingly small handful of Dow Jones giants still anchor the entire portfolio with extraordinary concentration.
A little-known Chinese memory chip maker just pulled off one of the most explosive stock debuts in recent memory, and its reported ties to Apple are already rattling the semiconductor industry's most powerful players.
Apple's In-House Modem Push Deals Fresh Blow to Qualcomm
Jim Cramer is struggling to find reasons to buy, and the Nasdaq 100 sliding into correction territory is not helping. Before you dismiss his caution, consider which corners of the market could actually benefit from the pain hitting semi stocks hardest.
US equity futures were higher pre-bell Thursday as traders took note of the Federal Reserve's decisi
UK regulators are challenging Apple over how it plans to implement changes to App Store payment rules. Apple is also facing a lawsuit that claims the company was negligent after a crypto scam app on its App Store allegedly defrauded users. These developments raise questions about Apple’s App Store controls, user protection approach, and potential regulatory pressure in a key international market. Apple, listed as NasdaqGS:AAPL, is confronting legal and regulatory issues around its App Store...
US stock futures pointed to a higher open on Thursday as investors awaited a key inflation report fo
Wall Street futures pointed higher pre-bell Thursday after tech colossus Microsoft (MSFT) reported s
Qualcomm shares fell about 5% on Thursday after the chipmaker's warning about higher memory costs and a steeper decline in revenue from Apple raised concerns about near-term profit growth. A surge in AI infrastructure spending has tightened semiconductor supply chains, driving up costs for memory, wafers, packaging and testing. Qualcomm plans to pass on those increases to customers through double-digit price hikes.
Meta Platforms earnings disappoint, Qualcomm’s pivot away from smartphones, beer makes a comeback, and more news to start your day.