Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares climbed about 5% 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…
A Chinese national flag, left, and an Indian national flag are arranged for a photograph. Bloomberg | Bloomberg | Getty Images DeepSeek’s breakthrough in artificial intelligence has boosted investor sentiment around China stocks, with a gauge of the country’s onshore as well as offshore shares soaring over 26% since its January low. The surge in…
Outside view of the newly completed Meta’s Facebook data center in Eagle Mountain, Utah on July 18, 2024. George Frey | Afp | Getty Images Arm shares rose 5% after a Thursday report that it was developing its own chip and that it had secured Meta as one of its first customers. The Financial Times…
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the…
Gang rule in Haiti has led to a staggering rise in sexual violence against children, the United Nation’s children’s organisation has warned. The Caribbean island has been in the grip of violent gangs for several years who have been treating the population with unrelenting brutality, Unicef said. Sexual violence against children has increased 1,000% since…
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains…
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. Roughly 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as…
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Reddit shares rose over…
Watch: JD Vance and his wife Usha on their relationship When JD Vance, a military veteran with a hardscrabble working-class background and a case of imposter syndrome, entered Yale Law School, he may not have seemed like someone destined to land a heartbeat from the US presidency. Many of those who know him credit his…
AFP US President-elect Donald Trump has threatened that “all hell” will break loose if the hostages are not released before he takes office The outline of the Gaza ceasefire and hostage release deal currently being discussed by Israel and Hamas at indirect talks in Doha has been on the table since May. So why is…
