Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment.
The S&P 500 closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow.
The S&P 500 index rose on Thursday, looking on course to snap a five-session losing streak, as technology shares led a broad-based recovery with investors seeing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow.
The S&P 500 index gained ground on Thursday, boosted by technology shares, while a rise in weekly jobless claims suggested the labor market was slowing down.
It has been about a month since the last earnings report for 3D Systems (DDD). Shares have added about 12.7% in that time frame, outperforming the S&P 500.
The S&P 500 gained ground on Thursday, lifted by technology and energy shares, while a rise in weekly jobless claims suggested the labor market was slowing down.
Digital display technologist Universal Display (NASDAQ: OLED) renewed a long-standing contract with top customer Samsung (OTC: SSNL.F) this week. These partners are getting so inseparable, you'd think the larger business might want to simply buy the smaller one.
Apple supplier Foxconn's founder-director Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported.
Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million.
Apple supplier Foxconn's founder-director Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported.
Wall Street's main indexes were set to open higher on Thursday following a recent selloff sparked by renewed fears that aggressive rate hikes by the U.S. Federal Reserve could tip the world's largest economy into recession.
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Economic uncertainty has hammered the stock market this year, but growth stocks have been hit especially hard. The Federal Reserve is raising interest rates at the fastest pace in four decades to rein in runaway inflation. Increasing the cost of borrowing will ultimately lower de
Apple supplier Foxconn's COVID-hit Zhengzhou facility in China has lifted its "closed-loop" management curbs on Thursday, it said in a statement posted on its WeChat account.
U.S. stock index futures edged up on Thursday ahead of weekly jobless claims data, while fears of an impending recession brought on by an aggressive Federal Reserve kept investors on edge.
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Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $7 from $7.99 if users pay for it through the website, and $11 if they do so through its iPhone app, the Information reported on Wednesday, citing a person briefed on the plans.
Twitter plans to change the pricing of
its Twitter Blue subscription product to $7 if users pay for it
through the website, and $11 if they do so through its app for
iPhones, the Information reported on Wednesday citing a person
briefed on the plans.
(Reporting by Akanksha Khushi in Bengaluru; Editing by Nivedita
Bhattacharjee)
((Akanksha.Khushi@thomsonreuters.com;))
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