Second-quarter profits at JPMorgan Chase (JPM) surged due to a one-time accounting boost and a Wall Street revival, but another drop in a key revenue source demonstrated the challenges facing even the biggest US bank.Net income of $18 billion was...
"Winners keep winning." Whatever one thinks of this adage, it certainly seems to apply to Eli Lilly (NYSE: LLY). The pharmaceutical giant has been on a tear, racking up important clinical and regulatory victories in the past few years. The...
If artificial intelligence (AI) is the new gold rush, Nvidia (NASDAQ: NVDA) is the preeminent supplier of picks and shovels. The strong demand for Nvidia's graphics processing units (GPUs) is mind-boggling.But Nvidia isn't just helping major corporations build and deploy...
The artificial intelligence (AI) industry is still very young, but investors have already observed its incredible potential to create value. Nvidia, for example, added $2.8 trillion to its market capitalization since the start of 2023 alone. However, AI is evolving...
At today's stock market close, Broadcom (NASDAQ: AVGO) will make a move to slash its high-flying share price. The technology giant will complete a 10-for-1 stock split, lowering the price of its stock from more than $1,700 to about $170....
When it comes to Wall Street investing greats, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is on a pedestal of his own. Since taking the reins at Berkshire in 1965, he's overseen a cumulative return in his company's Class...
HONG KONG (AP) — China’s exports beat forecasts in June, customs data showed Friday, while imports grew less than expected.Exports grew 8.6% from the same time last year to hit $307.8 billion, according to data released by Chinese customs, beating...
(Bloomberg) -- European stocks are set for a muted start after Asian equities slumped on the back of a rout in technology stocks. The yen was volatile.Most Read from BloombergThe Euro Stoxx 50 futures were little changed, tracking similar cues...
Getty Images; Jenny Chang-Rodriguez/BIAmazon, Meta, Microsoft, and Alphabet have spent hundreds of billions on AI in the past four quarters.Goldman Sachs says ongoing AI-stock outperformance could eventually be challenged.It's keeping its eye on whether companies can actually translate that spending...
June inflation was cooler than anticipated, but stocks tumbled as investors rotated out of big 2024 winners and into laggards like small-cap stocks. AP Photo/David J. PhillipTech stocks tumbled Thursday, weighing on the broader market after the June CPI report.Inflation...
