Visitors play the EA Sports FC 25 game in front of a placard with England’s midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany, on Aug. 21, 2024.Ina Fassbender | AFP | Getty ImagesElectronic Arts shares rose more than 5% after the company topped fiscal fourth-quarter bookings estimates and issued upbeat guidance.Here’s how the company did versus LSEG consensus estimates:Earnings per share: 98 cents. This figure is not comparable to analysts’ estimates.Revenue (bookings): $1.80 billion vs. $1.56 billion expectedThe video game maker said it expects bookings…
Author: usaeverydaylife
Charles Liang, CEO of Super Micro, speaks at the HumanX AI conference at in Las Vegas on March 10, 2025.Big Event Media | HumanX Conference | Getty ImagesSuper Micro issued disappointing guidance on Tuesday, a week after the server maker provided preliminary results for the latest quarter that fell far shy of Wall Street’s expectations. The stock slid about 4% in extended trading.Here’s what the company reported in comparison with LSEG consensus:Earnings per share: 31 cents adjusted vs. 50 cents expectedRevenue: $4.60 billion vs. $5.42 billion expectedWhile the latest numbers were below analysts’ estimates, they were in line with early…
Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris on Feb. 10, 2025.Benoit Tessier | ReutersAdvanced Micro Devices reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current-quarter revenue.Shares of AMD rose more than 4% in extended trading.Here’s how the chipmaker did versus LSEG expectations for the quarter that ended March 29:Earnings per share: 96 cents adjusted vs. 94 cents expectedRevenue: $7.44 billion vs. $7.13 billion expectedFor the current quarter, AMD expects about $7.4 billion in sales with a gross margin of 43%, versus Wall Street…
Friedrich Merz became Germany’s 10th postwar chancellor on Tuesday after a historic stumble that could complicate his efforts to revive the nation’s slumping economy, tighten its borders and rebuild its military, at a time when an isolated Europe is hungry for strong German leadership.After 10 weeks as the nation’s leader-in-waiting following his party’s victory in February elections, Mr. Merz initially fell six votes short in the parliamentary vote for chancellor on Tuesday morning — a defeat without precedent in modern Germany’s history.The votes were conducted on secret ballots, leaving the reasons for the failure murky; the parties in the new…
Cracks are starting to appear in the economy, and that means now is a good time for investors to get a little pickier about where they dig for portfolio income. The first-quarter U.S. gross domestic product reading , released last week, showed the economy shrank 0.3% as uncertainty around President Donald Trump’s trade policies dragged on businesses. Further, investors are fresh off of a tumultuous April in which the 10-year Treasury yield tumbled and then rose to top 4.5% – and the S & P 500 briefly slid more than 20% from the record high it reached in February. Tuesday…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBCRetail investors poured more than $24 million into Berkshire Hathaway’s Class B stock on Monday, proving it’s not just a Warren Buffett cult stock and providing a vote of confidence in incoming CEO Greg Abel.Everyday traders sent about $24.4 million on balance into Berkshire’s B stock during the session, marking the stock’s highest sum of net inflows since 2016, according to Vanda Research.The shares declined more than 5% on Monday for their third worst session in the…
Nvidia CEO, Jensen Huang, speaks during an interview on CNBC’s ‘Power Lunch’ on May 6, 2025.CNBCNvidia CEO Jensen Huang said on Tuesday that China’s artificial intelligence market will likely reach about $50 billion in the next two to three years, and that missing out on it would be a “tremendous loss.” Huang said being able to sell into China would bring back revenue, taxes, and “create lots of jobs here in the United States.””We just have to stay agile,” Huang told CNBC’s Jon Fortt, in an interview alongside ServiceNow CEO Bill McDermott. The tech execs were in Las Vegas for…
US Federal Reserve Chair Jerome Powell speaks at the Economic Club of Chicago in Chicago, Illinois, on April 16, 2025. Kamil Krzaczynski | Afp | Getty ImagesThe Federal Reserve heads into its closely watched policy decision Wednesday with a strong incentive to do absolutely nothing.Faced with unresolved questions over President Donald Trump’s tariffs and an economy that is signaling both significant strengths and weaknesses, central bank policymakers can do little for now except sit and wait as events unfold.”It’s going to be awkward at this meeting. The Fed doesn’t have a forecast to convey anything about the next couple meetings,”…
Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker.The new company chose Versant (pronounced like the root of the word “conversant”) to emphasize its versatility and its familiarity with multiple subjects, according to Chief Executive Officer Mark Lazarus, who spoke in an interview. Versant, which had been called SpinCo until a permanent name was chosen, will own cable networks including USA, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel. It will also house digital assets Fandango, Rotten Tomatoes, GolfNow, GolfPass…
Tesla sales in Germany and Britain fell to their lowest point in more than two years in April, cementing a wider trend of Europeans shunning the U.S. automaker, despite growing demand for battery-powered vehicles in Europe.Registrations of new Tesla vehicles dropped nearly 46 percent in Germany and 62 percent in Britain from a year earlier, although both countries reported increases in the number of electric vehicles sold in the same period, according to statistics released on Tuesday.Other European countries reported similar drops in demand for Tesla’s products, with new registrations in Sweden plunging more than 80 percent, while demand in…
