Month: June 2024
Tyson Foods suspends CFO after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022. Leigh Vogel | Getty Images Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while […]
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Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster’s and more
Check out the companies making headlines in midday trading. Broadcom – Shares of the chipmaker surged around 12% after the company beat earnings and revenue estimates for the fiscal second quarter and announced a 10-for-1 stock split. Adjusted earnings per share came in at $10.96 and revenue was $12.49 billion. Analysts polled by LSEG expected […]
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Broadcom shares surge on earnings beat, increased demand for AI products
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom shares rose about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts’ estimates and showed it’s benefiting from the artificial intelligence boom. Broadcom reported earnings per share of $10.96 ahead of LSEG consensus estimates of $10.84 per share. It reported […]
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Stellantis has achieved $9 billion in cost reductions from merger
Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company’s investor day at its North American headquarters in Auburn Hills, Mich. Michael Wayland / CNBC AUBURN HILLS, Mich. – Stellantis has achieved 8.4 billion euros ($9 billion) in cost reductions from the merger of Fiat Chrysler and PSA Groupe that created […]
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Servers for GameStop annual shareholder meeting crash due to overwhelming interest
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop’s annual shareholder meeting experienced server issues Thursday, crashing under overwhelming interest for the stream, a customer service representative for the company hosting the […]
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CNBC’s Inside India newsletter: IPO boom looks to break new records
A Swiggy delivery agent as seen in Kolkata , India , on 3 July 2023 . Famous food delivery company Swiggy faced a loss over 80% in 2022 according to investor filling. (Photo by Debarchan Chatterjee/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter […]
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Microsoft employees’ cybersecurity contributions will factor into their pay
Satya Nadella, CEO of Microsoft, arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will evaluate its employees’ cybersecurity contributions in reviews that will factor into their compensation, Brad Smith, the company’s vice chair and president, said ahead of a Thursday U.S. House committee […]
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European stocks close lower as markets assess U.S. outlook; autos down 2.3%
A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, U.S., June 12, 2024. Brendan Mcdermid | Reuters LONDON — European stocks closed lower Thursday as regional investors reacted to […]
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Trump floats ‘all tariff policy’ to swap earnings tax, sources say
Republican presidential applicant, former U.S. President Donald Trump speaks through his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. Brandon Bell | Getty Visuals Donald Trump on Thursday brought up the concept of imposing an “all tariff coverage” that would finally help the U.S. to get rid of the income […]
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Bitcoin miners at Donald Trump’s closed-door event say he thinks bitcoin can help win AI arms race
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images) […]
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