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Qualcomm Gives Weak Outlook. Demand Is Soft.

Jennifer DuBois -
Qualcomm’s Guidance Falls Short. Smartphone Demand Keeps Disappointing. Source link
Business

MercadoLibre’s Q2 profit doubles on higher sales volume, user growth

Jennifer DuBois -
SAO PAULO (Reuters) - South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year...
Business

AMD shares fall as analysts worry AI chip targets may be ambitious

Jennifer DuBois -
(Reuters) - Advanced Micro Devices's shares fell about 6% on Wednesday as analysts raised concerns that the chip designer's targets for an artificial...
Business

Big Money Still Buying These 9 Stocks After Huge Rally; Tesla Stock Is Among Them

Jennifer DuBois -
IBD's Stocks Funds Are Buying screen has dozens of names, including many market winners. Among the notable stocks funds are scooping up, the...
Business

Fitch’s US debt-rating downgrade is bad news for stocks. Here’s everything you need to know.

Jennifer DuBois -
Fitch cut the US's credit rating Tuesday, citing rising debts and an "erosion of governance."It came two months after Biden and House Republicans...
Business

Yellow Stock Slides, Pausing Massive Runup

Jennifer DuBois -
Updated 42 min agoYellow Stock Slides, Pausing Massive RunupByBob Henderson, Reporter Source link
Business

Fitch Catches Flak For Oddly-Timed U.S. Credit Downgrade

Jennifer DuBois -
Fitch Ratings' downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said...
Business

Markets Tumble at Midday After Fitch Cuts US Credit Rating

Jennifer DuBois -
Key Takeaways U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.Tech stocks dropped, with all the...
Business

Stock Market Losses Deepen At Midday As Nasdaq Tumbles 2.3%; These Stocks Are Damaged

Jennifer DuBois -
Stock market losses grew at midday Wednesday as a downgrade of U.S. government debt and strong jobs data and earnings reports rattled bulls'...
Business

AMD Falls After Earnings, Sparks Selloff in Nvidia and Other Chip Stocks

Jennifer DuBois -
Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers have been leaving investors cold.Advanced Micro Devices reported second-quarter sales...
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