Check out the companies making headlines in after-hours trading: Marvell Technology — Shares of the semiconductor solutions provider plunged about 13%. In the fiscal fourth quarter, Marvell reported adjusted earnings of 60 cents per share on revenue of $1.82 billion, while analysts polled by LSEG forecast earnings of 59 cents per share on revenue of $1.80 billion. The company also offered guidance for the first quarter that was just slightly higher than estimates. Shares of chipmakers Broadcom and Micron Technology also slid in sympathy. Zscaler — Shares of the cloud security company jumped 4% on the back of its strong…
Author: usaeverydaylife
A high-yielding play is getting its moment in the sun as investors look to beef up their ability to generate income and aim to minimize volatility. Enter the interval fund , a structure that holds private credit and other income-generating assets that are less liquid than what’s found in an exchange-traded fund. Because of the nature of their holdings, these funds can’t be sold at will — instead, they have windows of liquidity through share repurchases typically offered once a quarter. The funds can also use leverage to help boost their income, resulting in yields that are in the 9%…
Shares of Uber have already surged 27% to start off the year, but Girard Advisory Services’ Timothy Chubb believes there’s more upside ahead for the ride-sharing stock. The firm’s chief investment officer joined CNBC’s ” Power Lunch ” on Wednesday to share his take on the name, along with a pair of other market movers. Here’s what he had to say. Uber Despite its year-to-date outperformance, it has been a choppy time for Uber stock. Last month, shares lost nearly 8% in a single day after the company guided for softer-than-expected gross bookings in its first quarter. Uber also missed…
LOS ANGELES — LeBron James has never viewed himself as a scorer.He has long said his scoring journey happened organically, with him preferring to be the playmaker setting his teammates up for assists rather than scoring himself.But now James, 40, is the first player in NBA history to reach 50,000 points across the regular season and playoffs. After facilitating over the first few minutes of a game versus the New Orleans Pelicans on Tuesday, James caught a pass from Luka Dončić on the left wing, set his feet and drilled a 3-pointer to push him to 50,002 points. LEBRON JAMES…
The LCBO removes US products off the shelves on the first day of the trade war instigated by Donald Trump’s Administration in Toronto, Ontario. Nick Lachance | Toronto Star | Getty ImagesJack Daniel’s maker Brown-Forman’s CEO Lawson Whiting said on Wednesday Canadian provinces taking American liquor off store shelves was “worse than a tariff” and a “disproportionate response” to levies imposed by the Trump administration.Several Canadian provinces have taken U.S. liquor off store shelves as part of retaliatory measures against President Donald Trump’s tariffs.”I mean, that’s worse than a tariff, because it’s literally taking your sales away, (and) completely removing our…
Tom Lee said the stock market is a buy now that it has priced in much of the bad news, and is poised for a huge rally in the coming months. “I am optimistic. I mean, I can understand why investors are sitting on their hands … they don’t really know how severe these tariffs are gonna be, how long they are,” the head of research at Fundstrat Global Advisors told CNBC’s “Closing Bell” on Wednesday. “But, now we’re seeing a big price correction. A decline in sentiment. And then, something like today, we got a bad ADP jobs report,…
Chris Cox, Chief Product Officer at Meta Platforms, speaks during The Wall Street Journal’s WSJ Tech Live Conference in Laguna Beach, California, on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesMeta chief product officer Chris Cox said Wednesday that the social networking giant’s upcoming Llama 4 artificial intelligence software will help power AI agents, the latest trend in generative AI.Cox discussed the next version of Meta’s open-source AI software for developers during a public interview at Morgan Stanley’s Technology, Media and Telecom Conference in San Francisco. AI agents are typically defined by their ability to conduct multistep tasks…
It sure sounds nice, the idea that Major League Baseball’s embrace of legalized betting has opened a door for the late Pete Rose to be enshrined in the Hall of Fame. With all this gambling going on, they’d be a bunch of hypocrites if they didn’t put Rose in Cooperstown, right?Well … no. It’s the other way around. MLB needs to keep Rose on its ineligible list, if only to reinforce the understanding that all the games are on the level. That’s precisely what was at issue on Aug. 24, 1989, when the late A. Bartlett Giamatti, baseball’s commissioner at…
On the battlefields of Ukraine and western Russia, a stalemated war has ground on, with Ukrainian troops defending against Russian progress that can be measured sometimes in mere yards. The cost has been heavy casualties on both sides.President Trump’s decision this week to pause military assistance and intelligence sharing could reorder the battlefield, either halting the fight or potentially giving Russia a decisive advantage.With help from Europe, both with arms and intelligence support, Ukraine could continue the fight through the summer without additional American aid. But the loss of one of its most important benefactors will make it easier for…
The U.S. Department of Energy on Feb. 14, 2025 in Washington, D.C. Anna Moneymaker | Getty Images News | Getty ImagesCalifornia has paused rebate programs offering thousands of dollars to consumers who make their homes and appliances more energy efficient due to a Trump administration freeze on federal funding.While a handful of other states also recently halted their programs, California is the largest state to delay a rollout so far — putting $582 million earmarked for consumers and program administration at risk.California had issued its first rebate check to consumers in February, according to the state’s Energy Commission.”Many states were just…
