After beating both top and bottom-line expectations, Amazon’s shares rose by nearly 2% in extended trading. The company posted earnings of 98 cents per share on $143.31 billion in revenue, surpassing the forecasted earnings of 83 cents per share on $142.5 billion. However, Amazon’s second-quarter revenue forecast fell short of estimates, signaling a potential slowdown
App
Super Micro shares experienced a significant decline of up to 15% in after-hours trading following the release of the company’s fiscal third-quarter results. While the server maker reported a slight revenue miss compared to expectations, it provided an optimistic outlook for its top-line performance moving forward. The company’s earnings per share came in at $6.65
In the realm of iconic TV sports theme songs, “Roundball Rock,” composed by John Tesh, stands out as the ultimate anthem for NBA games broadcasted on NBC until 2002. With NBCUniversal making a bid to acquire the NBA rights again, there’s a possibility that the memorable tune could make a comeback. The offer from NBCUniversal
The U.S. Department of the Treasury has just released an announcement stating that Series I bonds will now pay an annual interest rate of 4.28% from May 1 through October 2024. This rate, which is linked to inflation, represents a decrease from the previous 5.27% rate that was in effect since November. It is also
As Amazon prepares to release its first-quarter earnings report after the bell on Tuesday, analysts are watching closely to see if the tech giant will meet their expectations. Analysts are predicting earnings per share of 83 cents and revenue of $142.5 billion. Additionally, they are looking at specific numbers within the report, such as Amazon
The real estate market continues to experience strong demand and limited supply, resulting in soaring home prices. In February, home values jumped by 6.4% year over year, marking the fastest rate of price growth since November 2022. The 10-city composite rose by 8%, while the 20-city composite saw an annual gain of 7.3%. This trend
Samsung Electronics reported a staggering 932.8% increase in operating profit for the first quarter of the year, largely driven by the resurgence of memory chip prices linked to the growing optimism around Artificial Intelligence (AI) technologies. The company’s revenue stood at 71.92 trillion Korean won (approximately $52.3 billion), outperforming the estimated 71.04 trillion Korean won.
In light of the recent bond rout and ongoing market volatility, it has become increasingly important for investors to have a well-diversified portfolio that includes a significant portion of fixed income assets. Bonds not only provide a level of protection against market fluctuations but also offer a source of income. The 10-year Treasury yield crossing
In American society, conversations about money are often considered taboo, with women being one of the most hesitant groups to engage in such discussions. However, experts warn that avoiding financial inquiries can hinder women’s financial progress in the long run. In light of these challenges, organizations like Savvy Ladies are stepping up to provide a
As prospective homebuyers and sellers gear up for the spring real estate market, their attention is focused on the fluctuating mortgage rates. Recent data from Freddie Mac indicates that the average 30-year fixed-rate mortgage climbed to 7.17% for the week ending April 25th, showing an increase from the previous week’s rate of 7.10%. However, there