Swiss central bank cuts rates by a quarter point in third trim this year – CNBC
The Swiss National Bank (SNB) headquarters before a press conference in Zurich, Switzerland on March 21, 2024. Dennis Baribouz | Reuters The Swiss National Bank eased monetary policy for the third time this year on Thursday, cutting its key interest rate by 25 basis points to 1.0%. The cut had been predicted by 30 of […]
Wall Street's Most Anticipated Stock Split of the 4th Quarter May Be Announced This Week – The Motley Fool
One of Wall Street's best-performing stocks is perfectly positioned to announce a stock split later this week. For the better part of the past two years, Wall Street and investors have been fixated on the artificial intelligence (AI) revolution, but they may not have realized just how important the stock split frenzy could be in […]
GameStop prepares to shutter even more stores after disappointing second quarter
Gamers, look away! Unfortunately, GameStop has announced that it will be closing more of its brick-and-mortar stores next year. Earnings Report. The company said it was struggling to sell hardware in stores around the world as more games were downloaded digitally rather than just ordered online. GameStop announced it will close more brick-and-mortar stores next […]
Boosted By Resurgent Consumer Spending, Second Quarter Growth Revised Up To 3%
The U.S. economy grew faster this spring than previously thought, fueled by a surge in consumer spending. The Commerce Department said Thursday that the U.S. economy grew at an annualized rate of 3 percent in the second quarter, revised up from an earlier forecast of 2.8 percent. Economists had expected the second estimate to be […]
Gov. Kathy Hochul vows NY State Fair milk will cost a quarter as long as she’s governor
She is not upset about this. Governor Kathy Hawkle has promised that the price of a glass of milk at the annual New York State Fair will remain constant as long as she is in the Governor's Office, regardless of outside cost pressures or inflation. “As long as I’m governor, those numbers will never go […]
Steph Curry electrifies Team USA in 4th quarter on way to gold medal win at Paris Olympics
Stephen Curry scored 12 straight points late in the fourth quarter to lead the United States to a 98-87 gold medal victory over France at the Paris Olympics on Saturday night. Curry hit a wild 3-pointer and celebrated with American fans in Paris. This was the United States’ fifth gold medal in men’s basketball. Ryan […]
Intel to cut 15,000 jobs after 'disappointing' second quarter results
Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday. The layoffs come as part of an effort to achieve $10 billion in cost savings by 2025 after the chipmaker reported “disappointing” second-quarter results. “This is tough news for me,” Gelsinger said, […]
Despite tough times for Tesla, EV sales set new record in second quarter
EV sales increased by more than 11% in the second quarter. (iStock ) The electric vehicle (EV) market is booming around the world, despite tough times for EV giant Tesla, with research firm reporting that U.S. electric vehicle sales rose 11.3% in the second quarter of 2024. Report from Kelley Blue BookQuarterly sales reached a […]
Facebook parent Meta delivers strong quarter, sending shares soaring
Meta Platforms Inc. on Wednesday reported second-quarter earnings that beat Wall Street expectations, issued an upbeat sales forecast for the September quarter and expressed confidence that robust digital ad spending will be able to cover the costs of its AI investments. The company’s shares rose 8% after the close of trading. Mark Zuckerberg’s parent company […]
One Cable TV Provider Lost 393K Subscribers in One Quarter
In the most recent quarter of 2024, Charter Communications, one of America’s largest cable television providers, lost about 400,000 subscribers. Far Left The Hollywood Reporter He said this on Friday. The company, led by CEO Chris Winfree, said it lost 393,000 residential pay-TV subscribers in the most recent quarter, compared with 189,000 customers in the […]