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Fed’s Jerome Powell keeps rate-cut outlook despite stalling inflation data

Federal Reserve Chairman Jerome Powell commented on Friday that the latest U.S. inflation data is “in line with what we expect,” maintaining the central bank’s benchmark for rate cuts this year. He made a comment like this. Chairman Powell said the personal consumption expenditure price index data released Friday was “what we expected,” and even […]

HelloFresh shares plummet 42% after ‘disappointing’ outlook

Shares of HelloFresh plunged 42% on Friday after the meal kit maker released disappointing earnings guidance, with adjusted earnings expected to decline by up to $437.4 million for fiscal year 2024 did. At the time of writing, the Berlin-based company is trading at $1.80, marking a 43.06% decline so far this week. Friday was HelloFresh’s […]

Broadcom slips even as company reaffirms 2024 sales outlook (NASDAQ:AVGO) – Seeking Alpha

G0d4ather Broadcom (NASDAQ:AVGO) share 2.9% drop Shares rose in after-hours trading Thursday after the semiconductor giant gave a weaker-than-expected fiscal year 2024 sales outlook. Turning to the fiscal year, Broadcom reaffirmed its previous revenue guidance of $50 billion, which was lower than the $50.2 billion that analysts had expected.Also The company reaffirmed its previous guidance […]

Russell Westbrook undergoes surgery on left hand with hopeful playoff outlook

Russell Westbrook is undergoing surgery to repair a broken left hand, but there is optimism that he will be back in action by April, before the playoffs begin. ESPN’s Adrian Wojnarowski reports. Sources indicated that is the expectation for the Clippers, who are fourth in the Western Conference heading into Monday night’s game against the […]