Advanced Micro Devices is on a roll with chip releases, the likes of which it hasn’t achieved in more than a decade. On the back of solid and consistent execution, the Ryzen 2000-series of PC processors launches this week and addresses several critical consumer markets. Previously called the Pinnacle Ridge platform, this new family of processors is aimed at the DIY (do-it-yourself) and personal-computer (PC) gaming markets, in addition to computer manufacturers such as Dell and HP (HPQ).
Just as shares had bounced off more than eight-year lows, the industrial behemoth made new disclosures due to a change in accounting rules for revenue recognition, resulting in a 17-cents-a-share decline in 2017 earnings, compared with a prior estimate of a 16 cents-a-share decline. GE is expected to report first-quarter earnings before the bell on Friday amid serious questions about its cash flow levels and potential asset sales. The company is under scrutiny from a range of agencies, from the Justice Department (related to GE’s subprime mortgage operations) to the Securities and Exchange ...
Cloud software has been a hot sector for initial public offerings, but now we will see how Wall Street feels about cloud software used to make more cloud software. Pivotal Software Inc. (PVTL) announced early Friday that it would sell at least 37 million shares in its IPO at a price of $15, the midpoint of the expected price range of $14 to $16.
BEIJING (AP) — ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution.
Apple’s efforts to line up a second supplier for its high-end smartphone screens have hit a hurdle because LG Display is struggling to make them, according to people familiar with the matter.
Global shares fell back Friday on worries over trade tensions and tech outlook after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the ...
U.S. stock futures were lower on Friday, April 20, following a tech selloff during the previous session and ahead of earnings from General Electric Co. Futures for the Nasdaq were down 34 points. Stocks finished lower on Thursday, April 19, with the Dow Jones Industrial Average falling 83 points, or 0.34%, to 24,664 as shares of Procter & Gamble Co.
General Electric is expected to report its first-quarter earnings before the bell Friday. The industrial conglomerate has had a tumultuous start to the year. GE shares recently dropped to the lowest level since July 2009 and the company is under two federal investigations.
* Singapore index down, but posts 4th week of gains * Philippine shares extend weekly losses for 8th week in 9 * Vietnam shares up over 2 pct By Nikhil Nainan April 20 (Reuters) - Singapore stocks ended ...
U.S. stocks were setting up for a lower open but a weekly win, as investors nervously awaited another batch of earnings, including those from big names such as GE and Honeywell.
Asia-Pacific stock markets traded lower Friday after two days of broad gains, with technology stocks leading the way following a downbeat outlook from Taiwan Semiconductor Manufacturing Co.
FT subscribers can click here to receive FirstFT every day by email How good is your grasp of the news? Try our weekly FirstFT quiz Oil prices have rallied nearly 50 per cent in the past year. Brent, the ...
* S'pore shares on track for weekly gain of 2 pct * Philippine shares up 0.8 pct By Nikhil Nainan April 20 (Reuters) - Most Southeast Asian stock markets slipped on Friday tracking broader Asia which was ...
Shares of tobacco companies tumbled after Philip Morris International Inc. said cigarette shipments fell more than expected and sales for its cigarette alternative started to stall in a key market—raising wider alarm about the health of the entire tobacco industry. The disappointing first-quarter results dragged down shares of other giants, like Altria Group Inc., British American Tobacco PLC and Imperial Brands PLC. New headwinds have emerged, punctuated by Philip Morris’s disappointing quarterly results on Thursday.
While the banks' first-quarter ROEs were strong, a significant chunk of the strength stemmed not from growth in the banks' operations, but from the sharply lower tax rates they're now enjoying because ...
Beyond death and taxes, perhaps the best candidate for a constant in life is sin. In investing, as the academics Elroy Dimson, Paul Marsh and Mike Staunton have shown, sin stocks are about as close as we come to a perpetual winner. This chart, taken from a presentation by Elroy, shows the returns over time for the Vice fund (sadly now renamed the Barrier fund, but still only investing in sinful companies), compared to one of the most prominent funds that screens out unethical stocks.
, the worst-performing Dow stock in 2017, may present investors with disastrous first-quarter results when it reports earnings on Friday, April 20, before the opening bell, according to analyst expectations. Weak performance in its core power unit and legacy accounting woes related to its former finance unit leave CEO John Flannery tasked with the tall order of redirecting investor attention away from a hailstorm of troubles. The company may have to reduce its outlook for profit in 2018 just two months after the company's new chief financial officer said earnings would be at the low end of ...
Apr.19 -- Matthews Asia Investment Strategist Andy Rothman discusses why a trade war with China would be risky for Trump's political interests. He speaks with Bloomberg's Haidi Lun on "Bloomberg Markets."
