In extended trading, Apple saw its share price inch higher after beating analysts’ estimates on both the top and bottom lines. The company reported fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. This positive performance from Apple can be attributed to
Global Finance
Federal Reserve officials recently announced that they would maintain short-term interest rates at their current level. While the decision indicated a steady course for monetary policy, officials hinted that inflation is approaching its target. This development could potentially pave the way for future interest rate cuts. However, the central bankers did not explicitly suggest that
The recent streak of selling by Berkshire Hathaway in its Bank of America stake has raised eyebrows and speculation about Warren Buffett’s strategic moves in the market. Over the course of nine trading days, Berkshire has significantly reduced its stake in the bank, selling millions of shares and raking in billions of dollars in the
The cryptocurrency market is experiencing a significant milestone this week, as spot ether exchange-traded funds (ETFs) have made their debut. This development marks a historic moment for investors and the overall landscape of digital assets. One of the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission is Franklin Templeton.
Over the past six trading days, Berkshire Hathaway, led by Warren Buffet, has been consistently reducing its stake in Bank of America. The conglomerate has sold a total of 52.8 million Bank of America shares, amounting to $2.3 billion in value, resulting in the stake being lowered to 12.5%. Possible Valuation Concerns Buffet’s decision to
As we move further into the year 2025, many workers are facing the reality that their annual raise will be smaller than in previous years. According to a survey conducted by WTW, a consulting firm, the typical worker is expected to receive a 4.1% pay raise for 2025, down from 4.5% in the previous year.
Recent reports from Bank of America analysts have revealed a significant increase in the China revenue of four of the world’s largest semiconductor equipment manufacturers. Companies such as ASML, Lam Research, KLA Corp, and Applied Materials have seen their China revenue more than double since late 2022. This surge in revenue has been attributed to
Despite beating both top and bottom lines in the second quarter, Alphabet still saw a 1% slip in its stock price. This is likely due to its YouTube advertising segment missing revenue forecasts. It is essential for Alphabet to focus on enhancing its advertising strategies to meet market demands and investor expectations. Tesla experienced a
Berkshire Hathaway, the conglomerate led by Warren Buffett, made a significant move by trimming its gigantic holding of Bank of America shares for the first time in over four years. This decision came after Bank of America’s strong performance in 2024, where the bank saw a substantial rally of 27.4% in its stock price. The
The recent surge in small cap investments may not necessarily be a result of a rotation from winning growth trades, as noted by ETF journalist Dave Nadig. According to Nadig, investors are not just buying small caps, but rather diversifying their portfolios into various asset classes in an effort to broaden their exposure. This move
Amidst escalating trade tensions with the United States and the European Union, top Chinese officials have reiterated the country’s commitment to focusing on its internal affairs. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of prioritizing key areas of development to ensure the
JD Vance, Donald Trump’s new running mate, made headlines with his strong stance on China during his recent speech at the Republican National Convention. Vance emphasized the need to protect the wages of American workers and prevent the Chinese Communist Party from benefiting at the expense of American citizens. His tough rhetoric reflects a growing