Bitcoin and Ether fell Thursday morning in Asia, along with the top 10 most volatile digital currencies. Bitcoin briefly fell below $28,500, while losses in Ether kept it below the important psychological minimum of $1,800. Smaller altcoins such as Dogecoin, Solana, and Ripple have suffered the biggest declines. In more bullish news, Coinbase Global has […]
SHANGHAI (Reuters) – Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week, people familiar with the matter said, in a bid to stem rapid losses in the yuan. . State banks usually act on behalf of China’s central bank in […]
Trying to navigate the ups and downs of the stock market and predict the future direction can seem like a complex and daunting task. However, as with almost anything, simplicity is often key. One of the most straightforward strategies is to pay attention to it Insiders movements. After all, these corporate officers are privy to […]
(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales. Most Read from Bloomberg Cisco, which reported its fourth-quarter financial results on Wednesday, is seeing surging demand fueled by the […]
Cisco systems (CSCO) issued a weaker-than-expected revenue forecast for fiscal 2024 while fourth-quarter earnings beat estimates. CSCO stock initially fell, then reversed higher during the company’s earnings call with analysts. X For the period ended July 29, Cisco’s dividend rose 37% to $1.14 a share. Revenue increased 16% to $15.2 billion. Analysts estimated Cisco would […]
Health care for retirees Health care is one of the biggest expenses for many Americans, especially retirees. While retirees who have reached the age of 65 can use MedicarePeople who wait that long either rely on paying for personal insurance or, hopefully, get it through their company. With corporate costs rising, employers are looking for […]
font size Parent company TJ Maxx has raised its guidance for the fiscal year. Chip Somodevilla / Getty Images Cos TJX. It posted better-than-expected earnings and sales results and raised fiscal year guidance, sending the stock higher in pre-market trading Wednesday. Non-price retail sales in the second quarter were $12.8 billion, beating expectations of $12.5 […]
font size Target lowered its full-year earnings guidance, citing recent sales trends. Justin Sullivan/Getty Images Goal It beat analyst expectations for second-quarter earnings, sending shares higher on Wednesday. Earnings were $1.80 per share, compared to expectations of $1.43. The shares were up 8% in pre-market trading. However, poor sales prompted the company to lower guidance […]
(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people familiar with the matter. Most Read from Bloomberg The deadline for the deal, announced in early 2022, is midnight California time on August 15, said the people, who […]
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene Munster of Deepwater, who cited Wall Street’s craze over AI. “All eyes are on their data center number,” he told CNBC. Next week’s Nvidia earnings report could swing […]