Year: 2025
Qualcomm tops estimates for earnings and revenue on strong smartphone demand
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29: Earnings per share: $3.41, adjusted, […]
Read More
IBM is the best Dow stock over the past 3 months, but one CIO says its AI message is disappointing
IBM has been the best-performing stock in the blue-chip Dow Jones Industrial Average over the past three months, climbing 27%, but according to Scott Nations, president and chief investment officer of Nations Indexes, the original tech stock has more to prove in artificial intelligence. Nations appeared on CNBC’s “Power Lunch” on Wednesday to share his […]
Read More
Novo Nordisk CEO says he’s confident about Wegovy supply, next-generation weight loss drugs
It’s been a rocky few months for Novo Nordisk. Prescription data from IQVIA suggests Novo’s obesity drug Wegovy is losing ground to rival Zepbound from Eli Lilly. Wegovy’s potential successor, CagriSema, came up short of investor expectations in a closely watched Phase 3 trial. Novo’s stock has fallen more than 20% over the last year, […]
Read More
JPMorgan says these stocks are the most at risk from Trump’s ongoing tariff battles
The prospect of a trade war between the U.S. and key trade partners put the outlook of a slew of companies in doubt, according to JPMorgan. President Donald Trump over the weekend issued a 25% tariff on Canadian and Mexican imports, along with a 10% levy on goods from China. The duties on Canada and […]
Read More
DOT secretary says he spoke with Elon Musk on U.S. airspace reforms
An American Airlines plane takes off as a salvage barge with a crane is positioned near the crash site along the Potomac River after a passenger jet collided with a helicopter while landing at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Sunday, Feb. 2, 2025. Al Drago | Bloomberg | Getty […]
Read More
Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts
2024 Lincoln Nautilus Ford DETROIT — President Donald Trump’s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported roughly $15.4 billion […]
Read More
Bitcoin treasury pioneer MicroStrategy rebrands with a new name: Strategy
MicroStrategy , the software company turned “bitcoin development” firm unveiled a new name and logo ahead of its fourth-quarter earnings report. Going forward, the bitcoin proxy will now be called Strategy, the company said in a press release Wednesday. The revamp comes with a new bitcoin logo and orange brand color, as well as an […]
Read More
Palantir’s valuation appears detached from reality when compared to the rest of the S&P 500
While the overall stock market this week is treading water on President Donald Trump ‘s tariff back-and-forth, Palantir is showing animal spirits are alive and well on Wall Street by trading at a valuation that appears detached from fundamental reality. Shares of the mysterious government contractor and artificial intelligence play are trading at a 62 […]
Read More
Stocks making the biggest moves midday: Alphabet, Apple, Uber, Nvidia and more
Check out the companies making headlines in midday trading. Alphabet — Shares sank nearly 8% after the Google parent reported fourth-quarter revenue of $96.47 billion, short of the $96.56 billion expected from analysts polled by LSEG. Alphabet also said it will invest $75 billion in 2025 as it expands its artificial-intelligence strategy, versus the $58.84 […]
Read More