font size Synopsys shares are up 34% this year. David Paul Morris/Bloomberg Synopsys Shares gained in late trading on Wednesday, after the chip design software provider reported better-than-expected results for the quarter and provided upbeat guidance. As announced by the company Founder and CEO Art De Geos will step down from his current position and…
Bitcoin and Ether fell Thursday morning in Asia, along with the top 10 most volatile digital currencies. Bitcoin briefly fell below $28,500, while losses in Ether kept it below the important psychological minimum of $1,800. Smaller altcoins such as Dogecoin, Solana, and Ripple have suffered the biggest declines. In more bullish news, Coinbase Global has…
SHANGHAI (Reuters) – Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week, people familiar with the matter said, in a bid to stem rapid losses in the yuan. . State banks usually act on behalf of China’s central bank in…
Traders work on the floor of the New York Stock Exchange in New York on November 25, 2008.Photograph: Lucas Jackson/Reuters The US economy may soon be in danger of contracting, according to Wermuth Asset Management. Fluctuating commercial property values ​​correcting huge stock valuations would drive prices lower. Inflation accelerated by 3.3% year-on-year in Julymuch lower…
Enterprise Product Partners (EPD) at Income Investor this week, boasting a high yield of 7.6% and a long record of increases for dividend stocks. X The Houston-based company operates more than 50,000 miles of crude oil and natural gas pipelines. It also maintains natural gas storage facilities and processing sites. While master limited partnerships such…
(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales. Most Read from Bloomberg Cisco, which reported its fourth-quarter financial results on Wednesday, is seeing surging demand fueled by the…
Stock losses accelerated into the close on Wednesday after minutes from the Federal Reserve revealed that “most” officials still saw upside risks to inflation, while the heavy retail week continued with a grim outlook from Target (TGT). The Dow Jones Industrial Average (^DJI) was down roughly 0.5%, or 180 points, while the S&P 500 (^GSPC)…
A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/Reuters Ed Yardini said the bond market is sending a warning about mounting US debt. This is seen in the rise in bond yields, with the yield on the 10-year Treasury note exceeding…
David Rosenberg.CNBC David Rosenberg expects a repeat of last year’s sharp decline in stocks as risks mount in the markets. The economist sees several headwinds including downgrades by Fitch, Moody’s and China’s deflation. Rosenberg says the S&P 500 is grossly overvalued by historical standards and compared to other assets. Prepare for a repeat of last…
Cisco systems (CSCO) issued a weaker-than-expected revenue forecast for fiscal 2024 while fourth-quarter earnings beat estimates. CSCO stock initially fell, then reversed higher during the company’s earnings call with analysts. X For the period ended July 29, Cisco’s dividend rose 37% to $1.14 a share. Revenue increased 16% to $15.2 billion. Analysts estimated Cisco would…