Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter. Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q & A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan’s answer to an important question….
Costco reported better-than-expected quarterly results on Thursday, driven by higher net sales, membership fee income, and gross margins. However, it wasn’t enough to break the bearish narrative on the stock, which dipped less than 1% in the after-hours market. Total revenue in the company’s fiscal 2026 first quarter increased 8% year over year to $67.31…
Oracle CEO Clay Magouyrk, center, speaks on a media tour of the Stargate data center in Abilene, Texas, on Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Kyle Grillot | Bloomberg…
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Friday, tracking Wall Street gains after key benchmarks hit new records on the heels of the recent Federal Reserve decision. The central…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Follow-through from the dovish takeaway to Wednesday’s Fed rate cut drives a high-torque rotation into economically sensitive assets, helping to offset another sell-down in secular-growth AI plays. As noted for weeks, the market…
Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company. The company’s board of directors is working with a “leading executive search firm” to identify its next CEO, it said in a news release. McDonald will stay on as a senior…
Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on December 9, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending…
The Walt Disney Co.’s $1 billion equity investment in OpenAI will serve as “a way in” to artificial intelligence, which will have a significant long-term impact on Disney’s business, Disney CEO Bob Iger told CNBC’s “Squawk on the Street” on Thursday. “We want to participate in what Sam is creating, what his team is creating,” Iger said….
Customers walk in the parking lot outside a Costco store on Dec. 2, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday surpassed Wall Street’s quarterly expectations as its sales rose 8.2% year over year. The warehouse club does not share a full-year outlook. The company is expected to share more details…
Commemorative quarter depicting a pilgrim. Source: U.S. Mint The U.S. Mint on Wednesday revealed special quarter-dollar coin designs for the 250th birthday of the U.S. featuring pilgrims and former presidents rather than previously floated civil rights themes. Designs considered ahead of next year’s anniversary included those focused on abolitionist Frederick Douglass and images depicting suffragettes…
