In a vivid reflection of the current state of the tech industry, Applied Materials saw its stock take a nosedive of 6% following the release of its disappointing fiscal second-quarter revenue figures. The semiconductor manufacturer reported earnings of $7.10 billion, which just fell short of analysts’ forecasts pegging it at $7.13 billion. The underwhelming semiconductor
Finance
Walmart, an emblem of American retail, has surprised many with a slight dip in its stock prices—down 1%—following an underwhelming first-quarter sales performance. This is more than a mere blip on the radar; it’s a wake-up call for consumers and investors alike. With reported revenues of $165.61 billion, falling short of the anticipated $165.84 billion,
In recent news, New York Attorney General Letitia James opened a striking legal front against Capital One, branding the bank as a deceptive force that allegedly robbed customers of millions in interest payments. The suit asserts that Capital One maintained its “360 Savings” account under favorable marketing while concurrently burying a superior alternative—the “360 Performance
The landscape of investing has evolved dramatically over the past decade, and eToro’s recent move to launch a public offering at an impressive $52 per share is a testament to this shift. With a live valuation of around $4.2 billion, the Israel-based brokerage aims to capture the market’s attention, particularly among a new class of
In an unexpected turn of events, the U.S. and China have come to a provisional agreement to lower tariffs on imports, leading to a remarkable rally among Big Tech stocks. The tariff reductions, which bring U.S. duties on Chinese imports down to 30% and China’s tariffs on U.S. goods to 10%, create an exhilarating atmosphere
In an era where information is abundant and technology is at our fingertips, one would expect sound financial acumen to be commonplace. Yet, industry veterans like Ric Edelman, founder of Edelman Financial Engines, contend that the United States is languishing in financial literacy. During a recent conversation on CNBC’s “ETF Edge,” Edelman expressed profound discontent
In 2025, a surprising pivot is occurring in the world of corporate earnings calls, with the term “tariffs” reigning supreme over the once-cherished discussions on artificial intelligence (AI). An analysis by CNBC revealed that over 350 companies listed on the S&P 500 brought up tariffs during their first-quarter earnings calls, a stark contrast to the
In a world where the job market is simultaneously booming yet seemingly insurmountable for job seekers, one must genuinely question the validity of the old adage “it’s a job seeker’s market.” Despite an unemployment rate that hovers around 4.2% and businesses driving job growth at a level that exceeds many projections, the reality for those
In a financial landscape often marred by unpredictability, Disney’s recent performance stands out as an undeniable beacon of success. With shares soaring over 7%, the media and entertainment giant reported adjusted earnings per share of $1.45 from a revenue of $23.62 billion, surpassing analysts’ cautious predictions of $1.20 and $23.14 billion, respectively. What is most
In an unexpected twist, President Donald Trump indicated that the nation is in no rush to finalize trade agreements with international partners, significantly contradicting his administration’s previous positioning. During a meeting with Canada’s Prime Minister Mark Carney, Trump remarked, “We don’t have to sign deals, they have to sign deals with us.” This dismissive attitude