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.
Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates
Japanese authorities spent 5.53 trillion yen, or $36.8 billion, to shore up the yen in July, official data published Wednesday showed.
Private payroll growth slowed to 122,000 in July, less than expected, ADP says
Companies added just 122,000 jobs on the month, the slowest pace since January.
Banks get bullish on the British pound despite the possibility of an imminent snapback
Sterling’s recent runup comes despite traders pricing in the potential of a rate cut in August by the Bank of England.
