Broadcom shares hit an all-time high during Monday’s trading session after the emergence of another encouraging sign that the company’s custom chips are all the rage on the AI scene. The newest development comes from the tech website, The Information, which said Microsoft could be looking to move its custom chip business from Marvell Technology…
Alina Habba attends her swearing-in ceremony as interim U.S. Attorney for the District of New Jersey, in the Oval Office at the White House in Washington, D.C., U.S., March 28, 2025. Evelyn Hockstein | Reuters Alina Habba, who had previously served as President Donald Trump’s defense lawyer, said Monday that she was stepping down as…
Check out the companies making the biggest moves midday: Wave Life Sciences — The Singapore-based biotech that trades on Nasdaq more than doubled, soaring roughly 140% , after positive interim data from a Phase 1 trial of an RNA obesity shot that cut fat but retained muscle. Paramount Skydance — The media company is launching a…
While precious metals like gold and related equities have been top-performing assets this year, the industrial metals complex has picked up in the second half, showing technical improvement as we approach 2026. Rio Tinto (RIO) is a global leader in mining iron ore, aluminum and other metals. In November, RIO confirmed a breakout above long-term…
Deutsche Bank is putting artificial intelligence’s investment skills to the test. The bank asked its dbLumina AI model to pick a basket of funds from the most popular funds used by typical retail investors as of the end of November. Research analyst Luke Templeman fed dbLumina a week of the same daily market analyses from…
Waymo driverless taxi parks in lower Manhattan in New York City, U.S., Nov. 26, 2025. Brendan McDermid | Reuters Waymo, the robotaxi unit owned by Alphabet, has crossed 450,000 weekly paid rides, according to a letter from investor Tiger Global viewed by CNBC. That’s almost double the milestone it hit in April, when Waymo reported…
Mike Cavanagh, President of Comcast Corporation attends the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. T Kevork Djansezian | Getty Images Comcast’s top brass on Monday pulled the curtain back on the company’s unsuccessful bid for Warner Bros. Discovery, detailing an offer far different from its rival bidders….
Johny Srouji, senior vice president of hardware technologies at Apple Inc., speaks during the Peek Performance virtual event in New York, U.S., on Tuesday, March 8, 2022. Gabby Jones | Bloomberg | Getty Images Apple chip leader Johny Srouji addressed rumors of his impending exit in a memo to staff on Monday, saying he doesn’t…
In Lisbon, Portugal, on January 12, 2025, people sit by a McDonald’s storefront. McDonald’s rolls out new value deals, like the McValue Menu, to combat economic challenges and attract budget-conscious customers, as global sales face pressure amid shifting consumer trends. Luis Boza | Nurphoto | Getty Images McDonald’s will soon assess its franchisees on how…
Surging merger and acquisition activity will provide a significant tailwind behind Goldman Sachs ‘ revenue growth, according to Bank of America. In a Monday note, analyst Ebrahim Poonawala reiterated his buy rating on the Wall Street investment bank and hiked his 12-month price objective to $900 from $850. Shares of Goldman Sachs have surged 51%…
