Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of … Read more
Text size Meta Platforms, the parent company of Facebook, announced a new buyback plan of $40 billion. Justin Sullivan/Getty Images Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s … Read more
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
By Dean Seal Shares of WiSA Technologies Inc. fell 13.9% to $11.32 on Tuesday after the company terminated its continuous at-the-market equity offering. The Beaverton, Ore.-based modules manufacturer said in a securities filing on Monday that its public float as of the closing of the offering is about $25.4 million based on more than 1.5 … Read more
WSJ News Exclusive China State-owned institute continued buying Intel- and Nvidia-made chips despite inclusion on a US export blacklist in 1997
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. spirit Nvidia Corp., for example, have jumped more than 30%. The outlook for bonds is brightening after a historic rout. Even bitcoin has rallied, … Read more
Markets US Markets Disappointing results from Intel drag down chip sector
Text size Shares of American Express rose sharply Friday. Courtesy of American Express Stocks were rising Friday after a key US measure of inflation eased in December, the latest sign that the era of red-hot prices is coming to an end and that the Federal Reserve may soon pause on hiking interest rates. These stocks … Read more
Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss for the fourth quarter, forecast a loss for the first quarter, said the data-center market was contracting and that inventory digestion will gnaw at margins. Intel INTC, +1.31% executives forecast an adjusted loss of 15 … Read more
Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn around anytime soon. Intel’s INTC, +1.31% annual earnings fell more than 60% in 2022, and revenue for the … Read more