Apple managed to beat analysts’ estimates on both the top and bottom lines in the fiscal third quarter. The iPhone maker reported earnings of $1.40 per share, exceeding the expected $1.35 per share. Revenue also surpassed expectations, coming in at $85.78 billion. This positive performance resulted in a slight increase in the company’s stock price
Global Finance
Federal Reserve officials recently announced that they would be maintaining short-term interest rates at their current level. However, they did indicate that inflation is approaching its target, potentially paving the way for future interest rate cuts. This decision comes amid ongoing concerns about economic conditions, although some progress has been noted. While the Federal Reserve
In a surprising move, Berkshire Hathaway has been on a selling streak, reducing its stake in Bank of America for nine consecutive days. This recent development has raised eyebrows as investors wonder about Warren Buffett’s strategy behind trimming this long-time holding. The conglomerate sold a significant 18.4 million shares of the bank over a four-day
The cryptocurrency market is witnessing a historic moment this week with the introduction of spot ether exchange-traded funds. Among the nine applicants who received approval from the Securities and Exchange Commission, Franklin Templeton stands out with its Franklin Ethereum ETF (EZET). Despite the initial excitement, the ETF has experienced a significant decrease of about 10%
Berkshire Hathaway, the conglomerate led by Warren Buffet, has continued to reduce its stake in Bank of America. Over the course of six consecutive trading days, the Omaha-based holding company has sold a total of 52.8 million shares of Bank of America. This recent sell-off culminated in the sale of another 18.9 million shares on
In the upcoming year of 2025, many workers will see a decrease in their annual raise compared to the previous year. This downward trend in pay increases can be attributed to several factors that are affecting the job market. According to a recent poll conducted by WTW, a consulting firm, the typical worker is projected
The world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant surge in their China revenue in recent years. According to a report by Bank of America analysts, the share of China revenue for companies like Lam Research, KLA Corp., and Applied Materials has more than doubled since late 2022. This growth can
Alphabet, the tech giant, saw its stock slip 1% despite beating expectations on both top and bottom lines in the second quarter. With earnings of $1.89 per share on $84.74 billion in revenue, the company outperformed consensus estimates. However, revenue from its YouTube advertising segment fell short of expectations. Shares of electric vehicle maker Tesla
Berkshire Hathaway, the conglomerate led by Warren Buffett, made headlines by trimming its significant Bank of America holding for the first time in over four years. The move came after Bank of America’s impressive run in 2024, with Berkshire selling 33.9 million shares of the bank in separate transactions totaling nearly $1.5 billion. The sale,
The recent surge in investment flow towards small caps may not necessarily indicate a simple rotation from winning growth trades. According to Dave Nadig, an ETF journalist and financial futurist, investors seem to be engaged in a frenzy of buying across the board rather than just shifting funds from one sector to another. This diversification