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Costco Q3 earnings miss estimates amid slower-than-expected sales growth

Jennifer DuBois -
Costco (COST) reported fiscal 2023 third-quarter earnings results Thursday after market close that missed analysts' expectations.Last quarter, same-stores growth slowed compared to previous...
Business

US economy beats back ‘dubious’ recession fears after GDP, jobs data top expectations

Jennifer DuBois -
On Thursday, revisions to first quarter economic data showed the economy grew faster than initially expected despite inflation coming in higher than first...
Business

Qualcomm: Why its stock, along with Nvidia, should get a boost from the AI boom, too

Jennifer DuBois -
Nvidia (NVDA) isn't the only company that has benefited from the AI boom. Other chip companies are joining in on the fun, Qualcomm...
Business

2 Stocks to Play the AI Boom, From Nvidia CEO’s Earnings Call Remarks

Jennifer DuBois -
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Business

What would happen to a Treasury bill after default? Six key questions

Jennifer DuBois -
By Karen Brettell(Reuters) - The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the...
Business

Nikola stock at risk of delisting, hits all-time of low of 60 cents

Jennifer DuBois -
Nikola (NKLA), once a high flying stock during the early months of the pandemic, is at risk of being delisted from the Nasdaq...
Business

Nikola stock at risk of delisting, hits all-time of low of 60 cents

Jennifer DuBois -
Nikola (NKLA), once a high flying stock during the early months of the pandemic, is at risk of being delisted from the Nasdaq...
Business

Alibaba’s Strategic Growth: Announces Plan to Hire 15,000 Despite Downsizing Reports

Jennifer DuBois -
Alibaba Group Holding Limited (NYSE: BABA) shared plans to hire 15,000 people in 2023, sharply contradicting reports of its layoff plans.The Chinese e-commerce platform voiced...
Business

Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge

Jennifer DuBois -
(Bloomberg) -- Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that...
Business

U.S. Treasury debt announcement signals to some June 1 is not ‘X-date’

Jennifer DuBois -
(Reuters) -The U.S. Treasury on Thursday announced a slate of T-bill auctions for early next week that some market participants see as an...
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