Author: Daniel snow

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…

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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…

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The SpaceX Falcon 9 rocket and Dragon spacecraft are seen ahead of a launch at Launch Complex 39A at the NASA’s Kennedy Space Center on March 14, 2025 in Cape Canaveral, Florida. Brandon Bell | Getty ImagesElon Musk on Thursday said that his company SpaceX will begin decommissioning its Dragon spacecraft “immediately” because of threats by President Donald Trump to cancel government contracts with Musk’s businesses.Musk’s announcement, on his social media site X, came amid an escalating war of words with Trump that began after the Tesla CEO criticized the major tax bill being pushed by the Republican president.”In light of…

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