Year: 2025
Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per […]
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Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk’s X
Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021. Graeme Jennings | Pool via Reuters Sen. Richard Blumenthal this week pressed Visa for detailed plans and documents related to its deal to provide […]
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Palantir delivers first two AI-enabled systems to U.S. Army
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023. Patrick T. Fallon | AFP | Getty Images Palantir is rolling out its first two artificial intelligence-enabled systems to the […]
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Trump threatens to impose ‘large scale’ sanctions on Russia until a peace agreement with Ukraine is reached
US President Donald Trump speaks as he prepares to sign executive orders in the Oval Office of the White House in Washington, DC on March 6, 2025. Mandel Ngan | AFP | Getty Images WASHINGTON — After weeks of distancing the U.S. from Ukraine, President Donald Trump on Friday threatened to impose expanded “large scale” sanctions and […]
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Passive investing movement gets its Hollywood moment
watch now VIDEO14:1914:19 Dimensional’s David Booth and filmmaker Errol Morris on investing documentary ‘Tune Out the Noise’ News Videos A new documentary titled “Tune Out The Noise” brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors. The film, made by Academy Award-winning documentarian Errol […]
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‘Reassuring update from AI leader’: What analysts are saying about Broadcom’s blockbuster earnings
Broadcom ‘s blowout first-quarter earnings seem to have assuaged analysts’ recent fears toward the battered artificial intelligence trade. Rising market uncertainty and trade tensions have weighed down the semiconductor stocks as of late. AI poster child Nvidia is on pace to end the week 10% lower, and on Tuesday the tech-heavy Nasdaq Composite entered correction […]
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Why Trump’s crypto order disappointed: ‘This is not the aggressive bitcoin reserve some were pressing for’
President Donald Trump on Thursday night officially established the widely anticipated U.S. strategic bitcoin reserve , fulfilling a major re-election campaign promise to the crypto industry. The market didn’t seem to care much, however. Cryptocurrencies have recovered most of their initial losses after a quick drop following the news. Bitcoin was hovering at $88,000, the […]
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Family office dealmaking doubled in February with bets on crab shells, nuclear reactors and more
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, family offices made at least 48 direct investments, double that of the month prior, according to data […]
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Treasury Secretary Bessent says economy could be ‘starting to roll a little bit’
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | Reuters Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy. “Could we be seeing that this economy that we inherited starting to roll a […]
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U.S. payroll growth totals 151,000 in February, less than expected
Job growth was weaker than expected in February though still stable despite President Donald Trump’s efforts to slash the federal workforce. Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month, better than the downwardly revised 125,000 in January, but less than the 170,000 consensus forecast from Dow Jones, the Labor Department’s Bureau of […]
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