Author: Daniel snow
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesOn a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% to close at $467.68. Microsoft has once again reclaimed the title of world’s largest company by market cap, with a valuation of $3.48 trillion. Nvidia has a market cap of $3.42 trillion, and Apple is valued at $3 trillion.Microsoft last recorded a record close in July 2024.…
Trump Media and Technology Group Corp. on Thursday said it had filed a registration statement for an exchange-traded fund that would directly hold bitcoin — the latest move into cryptocurrency by those in Trump’s orbit as his administration tries to deregulate the industry. Source link
Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, North Carolina and Texas.Customers will request a delivery through the app of Wing, the operator who flies the drones through a deal with Walmart. The drone operator will have an up to a six-mile range from stores.Drone deliveries are one of the buzziest examples of Walmart’s…
Broadcom edged past Wall Street’s expectations with its outlook for the current quarter on Thursday, but that wasn’t enough to lift its stock in the extended session. Source link
People walk past a Lululemon department store in New York City on June 5, 2024.Michael M. Santiago | Getty ImagesLululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that “we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us.”Shares of the apparel company plunged about 20% in extended trading.Here’s how the company did…
Dimensional Fund Advisors founder David Booth shares lessons for navigating a world filled with uncertainty. Source link
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024.Justin Sullivan | Getty ImagesBroadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period.Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: $1.58 adjusted versus $1.56 expectedRevenue: $15 billion versus $14.99 billion expectedBroadcom said it expects about $15.8 billion in third-quarter revenue, versus $15.70 billion expected by Wall Street analysts. Revenue in the latest quarter rose 20% on an annual basis.The company said net income increased to $4.97 billion, or $1.03…
President Trump and Elon Musk’s relationship has flamed out just as intensely and publicly as it started. Source link
If you’re thinking the Democrats’ job now is to come up with some new policies that appeal to the working class, you are thinking too small. Source link
A “We’re Hiring” sign at a NC Department of Adult Correction booth at a job and resource fair hosted by the Asheville Area Chamber of Commerce in partnership with NCWorks in Fletcher, North Carolina, US, on Wednesday, April 9, 2025. Allison Joyce | Bloomberg | Getty ImagesThere seems little doubt now that hiring slowed considerably in May as companies and consumers braced for higher tariffs and elevated economic uncertainty. The main question is by how much.A small dip from the recent trend likely wouldn’t be viewed as worrisome. But anything beyond that could set off a fresh round of fears about…