Apple shares saw a slight increase in extended trading after the company reported fiscal third-quarter earnings of $1.40 per share, exceeding the $1.35 per share estimate by analysts. The revenue also surpassed the Street’s estimates, coming in at $85.78 billion. This positive performance by Apple demonstrates the company’s ability to outperform expectations in a challenging
Finance
The Federal Reserve officials decided to maintain short-term interest rates on Wednesday with no indication of an imminent reduction. Despite concerns about economic conditions, they did acknowledge progress in reaching their employment and inflation goals. Inflation, although slightly elevated, has shown signs of improvement. This cautious approach suggests that rate cuts may be on the
The recent approval of a new law in Russia allowing the use of cryptocurrency for international payments marks a significant shift in the country’s financial landscape. The State Duma, Russia’s lower house of parliament, made the decision in response to ongoing pressure from Western sanctions. This move, spearheaded by Anatoly Aksakov, the head of the
Warren Buffett’s Berkshire Hathaway has been on a selling streak, reducing its stake in Bank of America for nine consecutive days. This suggests that the conglomerate is not just trimming its longtime holding, but potentially shifting its investment strategy. Over the past nine trading sessions, Berkshire has sold a total of 71.2 million shares of
This week marks a significant milestone in the cryptocurrency markets as spot ether exchange-traded funds make their debut. Among the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission on Tuesday is Franklin Templeton. The firm launched the Franklin Ethereum ETF (EZET), which has experienced a decline of about 10%
Warren Buffett’s Berkshire Hathaway has been steadily reducing its stake in Bank of America over the past six straight trading days. The conglomerate sold an additional 18.9 million shares over a period of Monday, Tuesday, and Wednesday, at an average price of $42.46, generating $802.5 million in proceeds. This recent sell-off follows the sale of
The concept of “Buy Now, Pay Later” (BNPL) has become increasingly popular in recent years, allowing consumers to purchase items and defer payment to a later date. While this may seem convenient at first glance, there are growing concerns about the potential risks associated with this industry. This has prompted the British government to take
In recent years, the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant surge in their China revenue. According to analysts from Bank of America, the share of China revenue for companies like Lam Research, ASML, KLA Corp., and Applied Materials has more than doubled since late 2022. This spike in revenue
Alphabet, the parent company of Google, reported second-quarter earnings that beat both top and bottom line expectations. Despite the positive earnings report, the stock slipped 1% in after-hours trading. Revenue from its YouTube advertising segment fell short of forecasts, which might have contributed to the decline in stock price. Shares of electric vehicle maker Tesla
The recent surge of money flowing into small-cap stocks has sparked a debate among financial experts. Dave Nadig, ETF journalist and financial futurist, believes that this influx is not necessarily a rotation from winning growth trades. Instead, he sees investors “just buying, buying, buying” as a form of diversification. According to Nadid, investors are looking
