Arm CEO talks growth as stock rallies on AI-fueled demand
Arm CEO Rene Haas talks about how demand for his company’s chip architecture led to record profits on Thursday’s “The Claman Countdown.” Arm Holdings Inc. CEO Rene Haas said Thursday that the company beat Wall Street’s profit and revenue expectations and offered a positive outlook, driven by demand for the company’s services thanks to artificial […]
Kentucky leaders toast to record-breaking growth in the Bourbon industry
Fifteen years ago, bourbon kings poured whiskey on the steps of the Kentucky State Capitol to protest looming tax increases on the spirits industry. On Tuesday, industry leaders reconvened with a bipartisan group of Kentucky leaders to celebrate record growth in the bourbon sector. Kentucky’s bourbon industry pumps $9 billion into the Bluegrass State’s economy […]
Trump says he’ll decide ‘recommendations for RNC growth’ after South Carolina primary
Former President Trump hinted Monday that he has recommendations for how the Republican National Committee (RNC) can grow, and insisted he would share them after the upcoming South Carolina Republican primary. President Trump called RNC Chairwoman Ronna McDaniel “my friend” while hinting that her future as party chair may be uncertain. President Trump: “The 2024 […]
Trump Will Decide on ‘Recommendations for RNC Growth’ After South Carolina
Former President Donald Trump on Monday called Republican National Committee (RNC) Chairwoman Ronna McDaniel a “friend” and said a decision on “recommendations for the growth of the RNC” would not be made until after the South Carolina primary. He said he was waiting. Trump’s comments came after he suggested “changes” were likely to come at […]
Subway’s new snack menu satiating appetite for growth, CEO says
Subway CEO John Chidsey discusses recent menu growth, store sales success and the restaurant chain’s outlook for 2024. Subway bosses say Americans’ desire to eat fresh at Subway is surging thanks to menu innovations and restaurant renovations. “When we started the rebuild about three years ago, we had a plan to transform this into a […]
PA Gov. Shapiro to present budget proposal focused on education, economic growth
Governor Josh Shapiro is preparing to present his second budget proposal to Pennsylvania lawmakers. Shapiro said he aims to allocate more money to higher education, public transportation and public schools that may be underfunded. He also wants more investment to attract big companies and may reconsider proposals such as creating a private school voucher program. […]
Amazon profits surge on strong trading season and cloud computing growth | Amazon
Amazon’s profits soared on strong seasonal trading and strong growth in its strong cloud computing business. The world’s largest retailer generated $170 billion in revenue in the three months ended December, up 14% from the same period in 2022 and beating Wall Street expectations of about $166 billion. did. Net income reached $10.6 billion in […]
ADP Says Private Sector Job Growth Slowed in January
An independent measure of U.S. employment showed Wednesday that the pace of hiring by private sector employers slowed in January. Payroll firm ADP said its metrics showed the number of monthly payrolls at U.S. companies rose by 107,000 in the first month of 2024, slowing from a downwardly revised 158,000 in December. The December figure […]
Eurozone Flatlines, Zero Growth in Final Quarter as Germany Falters
FRANKFURT, Germany (AP) – Europe’s economy will still fail to expand at the end of 2023, remaining stagnant for more than a year amid soaring energy prices, soaring credit prices and an economic downturn in once-powerhouse Germany. The economy grew at zero in the October-December period last year, following a 0.1% contraction in the previous […]
Economic growth crushes expectations to close out strong 2023
The U.S. economy grew 2.5% in 2023, ending the year with slow but surprisingly strong growth despite widespread fears of a recession. U.S. gross domestic product (GDP) grew at an annualized rate of 3.3% in the fourth quarter of 2023, according to data released Thursday by the U.S. Bureau of Economic Analysis (BEA). Consensus forecasts […]