Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken: Live updates
Stocks dropped Thursday as investors weighed the latest corporate earnings reports and economic data.
Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped
After facing declines in chip shipment counts, now Arm is focusing on higher-value markets, including accelerators for artificial intelligence.
Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
The decision comes as the company reported a second-quarter net loss of $188 million, or $1.96 per share. Excluding items, it earned 4 cents a share.
Qualcomm beats estimates and phone chip sales are up 12%
Handset sales rose 12% year over year, which suggests that a deep slump in smartphone sales over the past two years is abating.
Fed recap: Chair Powell gives the September rate cut signal traders were hoping for
Policymakers kept the key interest rate at 5.25% to 5.5%. Fed Chair Jerome Powell indicated that a rate cut could be on the table as early as September.
Trading the Fed decision: These stocks could get the biggest boost from lower rates
These stocks win when short-term interest rates decline, history shows.
Spending takes center stage in Meta Platform’s earnings report after the bell Wednesday
The pressure is on Meta Platforms to wow investors and prove that its ambitious artificial intelligence visions are worth the investment.
These income plays could do better than money market funds when the Fed cuts rates
Money market funds have grown above $6 trillion, but they could be less attractive as interest rates fall.
Meta shares pop on revenue and earnings beat, better-than-expected forecast
Meta reported second-quarter earnings on Wednesday after the bell. Here are the results:
European markets close higher as euro zone inflation rises; tech stocks up 2.6% led by ASML
European markets closed higher on Wednesday, with corporate earnings still in focus.
