Qualcomm Incorporated (QCOM) reported better-than-expected fiscal 2Q results driven by continued high global demand for smartphones. Adjusted earnings more than doubled to $1.90 per share in 2Q, easily beating Street estimates of $1.67 per share. Notably, EPS results outpaced the company’s guidance range of $1.55-$1.75 per share. Total revenues grew 52% year-over-year to $7.93 billion
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad
by Martin Armstrong Thomas Paine said that those in power think they are the nation. We just listened to Biden and he confirmed that statement. He said that those in Washington are “We the People” when that is simply not true. Those in Washington serve the people – they are not the people. We also do not
The year 2020 was certainly lonely for many people around the world, as the COVID-19 pandemic resulted in the cancellation of almost all social events and gatherings. As a result, online events have become the new normal for almost every industry. While some may view this as an innovative development, many industries have struggled to
Kenny Kane is the Chief Operating Officer at Firmspace. On the other side of the one-year anniversary of the pandemic, experts across industries have been taking stock of their losses and gains. For those of us in commercial real estate, this exercise almost feels premature. In every city in America, companies big and small are starting
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | California Pending home sales, a measure of signed contracts on existing homes, rose 1.9% in March compared with April, according to the National Association of Realtors. Forecasters had expected a 5% gain. Pending sales were
The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors. EIB Issues Digital Bonds Built With Ethereum
Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as New York weighs recrafting its streets amid its emergence from COVID-19. “This is a long-term conversation that we and other cities are having, as to the use of the streets,” said Kathryn Wylde, president of the business
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold is trading flat this morning leading into the European session open, the yellow metal did seem to reject downside
There are many reasons the Cartel is about to give silver a good old-fashioned pummeling, and this time, the reasons have nothing to do with madness… (by Half Dollar) I’m still bearish on silver in the short-term for several reasons (three listed below) that nobody seems willing to discuss, but these reasons are indeed various
Vanguard allows participants to borrow against funds available in their 401(k) plan but certain conditions must be met. Here’s a look at how it works and some of the pros and cons to consider before borrowing from your 401(k). 401(k) Loan Requirements at Vanguard Participants can apply for a loan online or by phone. Vanguard
Standard Chartered’s pre-tax profits rose 18 per cent year on year in the first quarter, as the UK lender wound down its provisions for bad loans made during the coronavirus pandemic. The emerging markets-focused bank beat analyst estimates, becoming the latest lender to benefit from an improving global economic outlook a year on from the
Stakeholders in the body that runs New Zealand’s legendary All Blacks have voted to sell a 12.5 per cent stake in its commercial rights to a US private equity firm despite opposition from the powerful rugby players’ association. The Pacific nation’s 26 provincial rugby unions voted unanimously on Thursday to back a proposed NZ$387.5m (US$281m)
“No SALT, no dice.” That’s the message New Jersey Representative Josh Gottheimer and other Democratic lawmakers from high-tax states are giving President Biden. The group says they’ll withhold support for Biden’s sweeping social-spending package if it doesn’t include a repeal of the federal cap on deductions for state and local taxes, or SALT. Before the
Mastercard (MA) is to become the exclusive card network for Gemini’s cryptocurrency rewards credit card. The cryptocurrency platform has selected the payment giant, along with WebBank, to offer several innovative features as part of the offering. The Gemini Credit Card, powered by Mastercard, will offer an easy way of acquiring Bitcoin and other cryptocurrencies. In
Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS earned $2.77 per share for the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14%
by Michael Snyder There is still so much that we don’t know about COVID, but fortunately scientists all over the globe are feverishly studying this virus. Earlier today, I came across a study that was just released that completely took my breath away. The study was conducted at the Texas Tech University Health Sciences Center, and
The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies. The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select Committee appointee and founder of Avanti Bank & Trust — a local bank servicing the digital asset sector. NEWS NOT
In New York City, the streets have come to life. Every evening, hordes of diners flock to outdoor tables at the city’s restaurants, on Madison and Columbus Avenues uptown, on West Broadway in Tribeca, on Smith Street in North Brooklyn. Walking up any one of these avenues one hears laughter, conversation, music, and the clink
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero to continue to support the economic recovery from the coronavirus pandemic. It’s been over a year since the central bank slashed
South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners. Bitcoin for Solar Cells According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers
“I’ve climbed more than 60 mountains since I retired 18 months ago,” said Glen Anderson who lives in the Pacific Northwest. “The climb up Mount Adams was twelve miles, a 6700-foot ascent and at the top, I was at 12,276 feet elevation.” The COVID pandemic did not stop Anderson from making the most of his
Alex Oh, who was named head of the Securities and Exchange Commission’s vaunted enforcement division last week, abruptly resigned, an early setback for Gary Gensler’s tenure running the Wall Street regulator. The surprise move, announced Wednesday in an SEC statement, means Gensler won’t have his preferred pick leading what’s arguably the agency’s most important division.
[embedded content] Silver remains the top commodity of choice in 2021 for Lobo Tiggre of the Independent Speculator. The question remains: if industrial demand has brought copper to new all-time highs, why hasn’t this same demand done the same for silver yet?
We know that there is something BIG happening in the silver market when… by Steve St Angelo of SRSrocco Report While we have witnessed a surge of new silver investment demand over the past year, it’s nothing compared to the massive buying coming in the future. We know that there is something BIG happening in
During and after the 2008-09 financial crisis, the media constantly wrote headlines about corruption and scandal on Wall Street. We became familiar with terms such as overleveraged, mortgage-backed securities (MBS), recession, and liquidity crises. We also are reminded of the more recent scandals when we hear names such as Bernie Madoff. Madoff scammed billions from
In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dipped more than 14% on Wednesday after the company warned about the ongoing impacts of the chip shortage. For the first quarter the company, which makes microinverters
Jay Powell signalled that the Federal Reserve was still far away from withdrawing support for the US economy, even after the central bank upgraded its view of the recovery. In a press conference following the conclusion of policymakers’ two-day meeting, the Fed chair affirmed that the US central bank was not yet ready to discuss
Ford would make 1.1m fewer vehicles this year because of the worldwide shortage of semiconductors, the carmaker said on Wednesday, significantly more disruption that previously hoped. The company had earlier forecast it would make between 200,000 and 400,000 fewer vehicles. Under its new guidance, Ford’s production will be down 50 per cent in the second
For RIAs flexing between some balance of remote and in-office operations — in other words, all RIAs — this spring is a great time to revisit your cybersecurity policies to ensure your protocols still make sense given the way you do business today. Keeping in step with regulatory guidance on data protection while staying one