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The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024.N. Johnson | Bloomberg | Getty ImagesTexas Instruments reported second-quarter results on Tuesday that beat analyst expectations for revenue and earnings. but the stock fell in extended trading due to a third-quarter forecast that missed estimates. Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: $1.41, vs. $1.35 estimatedRevenue: $4.45 billion, vs. $4.36 billion estimatedTexas Instruments said it expects current quarter earnings between $1.36 and $1.60 per share, while analysts were looking for $1.50 per share. The company forecast revenue of $4.45 billion to $4.8 billion, for a…
The U.S. and Indonesia agreed to the framework of a trade agreement which would see Jakarta scrap most of its tariffs on American imports, the White House revealed in a joint statement Tuesday afternoon.U.S. tariffs on Indonesian imports would be set at 19% under the deal, which is described in the release as an “Agreement on Reciprocal Trade.”While higher than the 10% baseline tariff that the U.S. has slapped on almost all other countries, the 19% rate is significantly lower than the 32% blanket duty that Indonesia initially faced under President Donald Trump’s “liberation day” tariff plan in April.The joint…
Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024.Michael M. Santiago | Getty ImagesPresident Donald Trump met with Amazon founder Jeff Bezos at the White House last week, CNBC has learned.The meeting between Trump and Bezos, one of the world’s richest men, lasted for more than an hour, according to two people familiar with the matter who asked not to be named because the conversation was private.Amazon declined to comment on the meeting. A spokesperson for Bezos…
In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesOpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations.But when it comes to finding AI exits for venture firms, the market looks a lot different.AI startups raised $104.3 billion in the U.S. in the first half of this year, nearly matching the $104.4 billion total for 2024, according to PitchBook. Almost two-thirds of all U.S. venture funding went…
Check out the companies making headlines in after-hour trading. Texas Instruments — The maker of analog and embedded processing chips tumbled more than 9% after second quarter sales and earnings topped Wall Street estimates, while the low end of third quarter guidance fell short. The stock had soared 46% in the past three months before the results. CoStar Group — Shares of the online real estate marketplace rose 1% after the company reported better-than-expected earnings for the second quarter. CoStar earned 17 cents per share, excluding items, on $781.3 million in revenue, while analysts polled by FactSet anticipated 14 cents…
The growth trade has gone almost parabolic since the April lows with a 40% rise in less than four months. I think we’re in a secular bull market and should be considerably higher one year from now. Near term, however, I also think a pullback is possible. Should you care? I don’t know. It depends on your perspectives and objectives. But if a 5% pullback is something you consider actionable, then a hedge in the Nasdaq might make sense. One investor’s bull market is another investor’s bear market. Trading and investing is all about your own personal perspectives and objectives. There is not…
Sen. Mike Lee, R-Utah., speaks to reporters as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Tuesday, June 17, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesSen. Mike Lee, R-Utah, on Tuesday reportedly shared and then hastily deleted a fake, apparently AI-generated letter purporting to show Jerome Powell resigning as chairman of the Federal Reserve.The phony letter — addressed to “The President” — featured a garbled Fed seal with non-English characters and a slightly misshapen depiction of an eagle, as well as some unusual text spacing.”After much reflection, I have decided to resign from…
Seized catalytic converter thefts from Operation Heavy Metal in 2022.Courtesy: Department of Homeland SecurityA New Jersey man pleaded guilty in Oklahoma federal court to leading a massive theft ring that stole catalytic converters from vehicles and sold them for more than $600 million in total to a refinery that extracted precious metals contained in the devices.The defendant, Navin Khanna, is the latest person to plead guilty in connection with the ring, which was exposed after police in Tulsa, Oklahoma discovered nearly 130 catalytic converters in the bed of a truck they stopped in May 2021, after an off-duty officer reported…
Danaher shares fluctuated between gains and losses Tuesday after the life science firm’s second-quarter earnings cleared Wall Street’s fairly low bar. Revenue for the three months ended June 27 increased 3.5% year over year to $5.94 billion, topping the consensus estimate of $5.84 billion, according to LSEG. On a core basis — which strips out the impact of currency fluctuations to provide a better understanding of actual demand — sales were up 1.5% versus the year-ago period. Adjusted earnings per share (EPS) totaled $1.80, exceeding the $1.64 estimate, LSEG data showed. On an annual basis, adjusted EPS was up 4.65%.…
