Walt Disney shares surged after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025.
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Visa to lay off around 1,400 employees and contractors
Card giant Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported, citing people familiar with the matter. About 1,000 of the cuts are expected to eliminate technology positions. Visa’s stock saw a minor rise of 0.3% in the last session. The Stochastic […]
Hedge funds snap up tech stocks at fastest pace in five months
Global hedge funds this week bought U.S. information technology stocks, such as semiconductors and hardware, at the fastest in five months amid the start of the third-quarter earnings season, according to Goldman Sachs. Tech stocks powered Wall Street stocks to a higher close and crude prices posted their biggest weekly drop in a month as […]
Nvidia, chip stocks waver after previous day’s sell-off
Nvidia’s shares recouped earlier losses to trade higher, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI optimism on Wall Street held out despite concerns around the stocks’ lofty valuations. The last session saw Nvidia’s stock gain 0.7%. The Stochastic indicator is giving a negative signal. Support: […]
Walmart: Earnings Report on Thursday
The market is eagerly awaiting Walmart’s earnings report to gain insights into consumer spending trends. After a rollercoaster week on Wall Street, this week offers fresh opportunities for insights! Wednesday: Get the latest update on inflation with the Consumer Price Index (CPI) release. Thursday: Watch for two key indicators of US consumer health: Retail Sales, […]
Chip stocks shed $500 bln on China trade fears, Trump’s Taiwan comments
Wall Street’s semiconductor index lost over $500 billion in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to China.