Tag Archives: weak

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks edged higher while the dollar lurked near five-week lows and gold climbed to a record high on Tuesday, as investors girded for a slate of economic data this week, including the crucial U.S. labour report on Friday. Markets widely expect the Federal Reserve to lower interest rates later this month, pricing in an …

With every new Pixel launch, there’s a huge amount of excitement around what the latest generation of the Tensor chip will bring to the table. This year, with the move to TSMC for fabrication, hopes were high for the new Tensor G5 in the Pixel 10 series. And while it delivers on many of its AI promises along with a …

Marvell Technology (MRVL) shares crashed 18.60% on Friday after the company issued a weaker-than-expected forecast for the third quarter. The sharp decline came despite second-quarter results showing strong growth in revenue, steady profits, and earnings in line with expectations. However, investors focused on the outlook rather than the recent gains, which led to a selloff in the stock. Elevate Your …

Key Takeaways Intuit issued current-quarter and full-year projections that missed analysts’ estimates. The tax and accounting software maker saw weakness in its MailChimp marketing platform, and a decline in average revenue from TurboTax use. Intuit’s fourth-quarter profit and revenue exceeded forecasts. Intuit (INTU) shares tumbled 7% in premarket trading Friday, a day after the maker of tax and accounting software …

With the labor market weak, employees are “job hugging”  Axios ‘Job hugging’ has replaced job-hopping, consultants say, as workers cling to current roles  CNBC Kiss job hopping goodbye. Why more people are job hugging.  USA Today Workers are ‘job hugging’ in a stagnant labor market, but growing resentment means they could bail as soon as the next Great Resignation comes  Fortune ‘Job hugging’ has …

The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by , Target’s chief operating officer, the company said on Wednesday. Cornell helped re-energize the company when he became …

Asia stocks hit by tech sell-off, Nikkei falls after weak trade data  Investing.com Asian shares retreat, tracking tech losses on Wall Street  Yahoo Finance Tech selloff casts gloom over markets  Reuters EM Assets Set for Worst Drop in Three Weeks as Tech Rout Weighs  Bloomberg.com Tech selloff casts gloom over markets By Reuters  Investing.com Source link

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing …

“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI hubs.  For American AI researchers, that’s almost unimaginable. In the U.S., surging AI demand is colliding with a fragile power grid, the kind of extreme bottleneck that Goldman Sachs warns could severely choke the industry’s growth. …

Cava Cuts Outlook on Weak Second Quarter as Consumers Face ‘Fog and Uncertainty’  The Wall Street Journal Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down  Yahoo Finance Cava stock plummets after company lowers forecast on disappointing same-store sales growth  CNBC Cava Cuts Sales Outlook on Cautious Diners, High Growth Bar  Bloomberg.com Cava’s shares crater after …