Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty ImagesQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading.Here’s how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations:Earnings per share: $2.77 adjusted versus $2.71 expectedRevenue: $10.37 billion versus $10.35 billion expectedIn the current quarter, Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings…
Author: usaeverydaylife
The upward wave in shares of Danaher since the life sciences company reported second-quarter earnings has left patient investors wondering whether the rally has staying power this time. Danaher has been a tough stock to own for the Club since we initiated a position in January 2022. Among the myriad headwinds have been the slow post-Covid economic recovery in China, customer over-ordering due to the pandemic supply chain crisis, fewer biotechs going public to spend on Danaher’s equipment, and President Donald Trump ‘s tariffs and cuts in National Institutes of Health spending. “Danaher always seems to be on the verge…
San Jose, California, is the most expensive U.S. metro area to buy a home for the second year running.With a median home price exceeding $1.6 million as of May 2025, the Silicon Valley city continues to lead the U.S. in high real estate costs, according to a recent report from SmartAsset, a financial technology company. The report analyzed Zillow data on single-family homes, condos and co-ops in 100 of the country’s largest metro areas in 2020, 2024 and 2025.California is home to the five most expensive markets by median sale price in 2025, SmartAsset found.”California has this really beautiful intersection…
The complaint and affidavit in support of an arrest warrant against Sherry Xue Li and Lianbo “Mike” Wang is photographed on Monday, July 18, 2022.Department of Justice | APA New York woman pleaded guilty Wednesday in connection with a years-long $30 million investment scam that, among other things, sold foreign nationals access to a 2017 fundraiser for President Donald Trump and a photo-op with the president.Sherry Xue Li pleaded guilty in federal court in Central Islip, Long Island, to money laundering conspiracy and conspiracy to defraud the United States by obstructing the Federal Election Commission’s administration of campaign finance.The Oyster…
Exterior view of JPMorgan Chase & Co. branch on January 14, 2025 in New York City, New York.Kena Betancur | View Press | Corbis News | Getty ImagesU.S. banking giant JPMorgan partnered with Coinbase on Wednesday to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in fall 2025.Once viewed warily by traditional financial institutions, the digital assets industry has gained enough traction among consumers and investors that large banks are now entering the space.From custody services to card-linked purchases, financial heavyweights are increasingly offering crypto-related products and mulling new use cases for the tokens, signaling how…
Income-focused investors can find attractive dividends in the market right now, but should dig beneath the surface before buying, according to Bank of America. High dividend yields can sometimes mask issues inside companies. Those payout can also be in danger of being cut if corporations run into trouble. For example, Whirlpool currently yields over 8%, but said Monday it’s planning to reduce its quarterly dividend to 90 cents a share, from $1.75 a share. In addition, the appliance maker slashed its full-year guidance, saying tariffs were causing competitors to stockpile Asian imports in the U.S. That said, there are many…
A US Postal worker delivers Amazon boxes outside of the New York Stock Exchange (NYSE) on October 11, 2018 in New York City.Spencer Platt | Getty ImagesPresident Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries.The order, which takes effect August 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin.The move…
Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City.Spencer Platt | Getty ImagesPresident Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax.The new, higher copper tariffs go into effect Friday, according to a fact sheet released by the White House.The Trump administration says that the new duties, which follow 50% U.S. tariffs already imposed on steel and aluminum, are aimed at boosting domestic industries and addressing “trade imbalances.”But experts warn that they could raise prices…
Fed governors Bowman and Waller dissent from central bank’s rate decisionFederal Reserve governors Bowman and Waller dissented on the central bank’s move to keep the benchmark interest rate at a target range of 4.25% to 4.50%.The policy-setting Federal Open Market Committee voted 9-2 to keep rates where they are.Bowman and Waller’s dissent marks the first time since late 1993 that multiple governors cast no votes on a rate decision. As recently as last month, both Bowman and Waller have advocated for the Fed to begin dialing back its policy.Read more from CNBC’s Jeff Cox on the Fed’s decision here.— Darla…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.Text removed from the June statement is in red with a horizontal line through the middle.Text appearing for the first time in the new statement is in red and underlined.Black text appears in both statements.Zoom In IconArrows pointing outwards Source link
