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Aircraft surge fuels July rebound in U.S. factory orders
1 month ago•Source: Traders Union
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1.735 min•11 months ago
Stocks Rise on US Shutdown Hopes and Tariff Relief
Stock market ETFs SPY and QQQ surged as progress was made on resolving the government shutdown, with Trump fueling hopes of a $2,000 tariff check, indicating positive market sentiment amid political developments.
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JPMorgan's Jamie Dimon Warns of Economic Weakening Despite Market Resilience
TipRanks•1 year ago
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Inflation Data Sparks Market and Policy Uncertainty
TipRanks•1 year ago
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Broadcom Reports Q4 2024 Financials and Declares Dividend
Broadcom Inc. reported a 51% increase in fourth-quarter revenue to $14.054 billion, driven by strong semiconductor and AI revenue growth. The company achieved a GAAP net income of $4.324 billion and a non-GAAP net income of $6.965 billion. Broadcom also announced an 11% increase in its quarterly dividend to $0.59 per share. For fiscal year 2024, revenue grew 44% to $51.6 billion, with significant contributions from infrastructure software and AI sectors. The company provided a positive outlook for the first quarter of fiscal year 2025, projecting revenue of approximately $14.6 billion.
Oil Prices Plunge Over 3% Amid OPEC+ Production Cut Plans
Nvidia unveiled its new AI chip Rubin, while GameStop shares surged on speculation of a large position by Keith Gill. OPEC+ extended crude production cuts into 2025, and the Dow Jones had its best day in 2024 due to cooling inflation. Former President Trump was found guilty on 34 felony counts, impacting his media company's stock. South Korea's Kospi rose on news of a potential massive oil and gas reserve discovery.