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Broadcom’s stock drops 5% as weak guidance overshadows earnings beat

Broadcom’s stock drops 5% as weak guidance overshadows earnings beat

Broadcom shares tumbled five percent in extended trading on Wednesday, proving that even a strong financial performance can be overshadowed by a cautious outlook. Despite beating analyst expectations for both revenue and earnings per share,

Business
Tim Cook will continue to collect a CEO-sized paycheck at Apple

Tim Cook will continue to collect a CEO-sized paycheck at Apple

Tim Cook may have officially stepped down as the chief executive officer of Apple, but he isn't exactly stepping away from the company's deep pockets. After fifteen years at the helm, Cook has transitioned into

Business
US borrowing costs hit fresh highs over inflation fears

US borrowing costs hit fresh highs over inflation fears

United States borrowing costs climbed to new heights on Tuesday, driven by escalating tensions in the Middle East that sent oil prices surging past ninety two dollars a barrel. This volatility in energy markets has

Business
FTC alleges Amazon illegally made $20 billion by rigging billions of ad auctions

FTC alleges Amazon illegally made $20 billion by rigging billions of ad auctions

The Federal Trade Commission and a coalition of twenty two states have launched a massive legal battle against Amazon, accusing the e-commerce giant of orchestrating a secret seven year scheme to defraud its advertisers. According

Business
There Are 16 Billion Reasons to Pay Attention to Broadcom Earnings on Sept. 2

There Are 16 Billion Reasons to Pay Attention to Broadcom Earnings on Sept. 2

Investors have had a lukewarm year with Broadcom, watching the stock climb only six percent while the broader S&P 500 surged double that amount. Despite this relative underperformance, all eyes are turning toward September 2,

Business
Can cut-price Shein shine in its long-awaited stock market debut?

Can cut-price Shein shine in its long-awaited stock market debut?

After a grueling multiyear journey marked by political roadblocks and plummeting valuations, fast fashion titan Shein has finally made its long awaited stock market debut in Hong Kong. The listing arrives following unsuccessful attempts to

Business
‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets

‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets

The neon lights of the Las Vegas Strip have weathered many storms, but the current climate feels particularly hostile for the city's casino moguls. Beyond a grueling summer of record heat and a noticeable dip

Business
Trump-promoted Freedom Fuel stations sold gas a distributor says went unpaid for

Trump-promoted Freedom Fuel stations sold gas a distributor says went unpaid for

A high profile gasoline network once lauded by President Donald Trump for its aggressively low prices is now at the center of a multimillion dollar legal battle. A lawsuit filed by Georgia based supplier Mansfield

Business
OpenAI to end model access to Cursor after acquisition by Elon Musk’s SpaceX

OpenAI to end model access to Cursor after acquisition by Elon Musk’s SpaceX

The longstanding feud between OpenAI and Elon Musk has reached a new breaking point after OpenAI announced it will cut off model access to the AI coding tool Cursor. The decision follows SpaceX's recent sixty

Business
Lights out, Instagram off? The changes to Meta for teens could be a big deal

Lights out, Instagram off? The changes to Meta for teens could be a big deal

Meta is preparing to roll out sweeping changes to Facebook and Instagram in an effort to curb social media addiction among minors, following a massive federal settlement totaling up to 17.1 billion dollars. While the