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Financial News Stories

Chipmaker Skyworks forecasts upbeat quarter; shares up 12 pecrent

By Aurindom Mukherjee (Reuters) – Chipmaker Skyworks Solutions Inc’s second-quarter results and current-quarter forecast beat Wall Street estimates, helped by strong sales of chips used to connect machines to the Internet. Shares of the company, whose radio frequency analog chips … Continue reading

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Asia shares edge ahead, cautious before China data

By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed. Japan’s Nikkei put on 0.9 percent … Continue reading

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Become A Hiring Trailblazer

View photo . Become A Hiring Trailblazer Credit: Wikipedia Commons In 2010, renowned financial author Michael Lewis released The Big Short, a book about the massive crash on Wall Street in 2008. In the book, Lewis focused on some people who … Continue reading

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China is a driver, not a drag, for U.S. earnings in first qtr

By Lewis Krauskopf NEW YORK (Reuters) – Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world’s second-largest economy was a driving force for U.S. company profits in the last … Continue reading

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An earnings tale of two biotechs – Gilead vs. Amgen

Gilead Sciences Inc. (GILD) and Amgen Inc. (AMGN) have both reported earnings. This is a definite difference in how the reports look, and it could throw a wild card report for the biotech sector on Wednesday. Gilead’s earnings looked strong … Continue reading

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Einhorn: Bubble brewing, shorting momentum stocks

David Einhorn has a clear warning for technology investors: we’re in a bubble. “Now there is a clear consensus that we are witnessing our second tech bubble in 15 years,” Greenlight Capital said in an investor letter Tuesday. “What is … Continue reading

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Ackman puts a new twist on activism with Allergan bid

Controversial hedge fund manager Bill Ackman has come up with a new way to generate alpha. The man who’s spent the the better part of the last year leading an openly self-interested battle to prove Herbalife (HLF) is a pyramid … Continue reading

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It’s put up or shut up time for Apple

Apple (AAPL) reports earnings Wednesday after the market close. Wall Street is not expecting particularly impressive results. The focus of most Apple investors appears to be on the new products Apple is expected to roll out in the second half … Continue reading

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Comcast’s profit rises; company adds video subscribers

By Liana B. Baker (Reuters) – Comcast Corp , the largest U.S. cable operator, posted higher first-quarter revenue and net income on Tuesday showing it could add video subscribers for two quarters in a row, a rare sight in the … Continue reading

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Harley-Davidson 1Q earnings roar ahead

MILWAUKEE (AP) — Shares of Harley-Davidson jumped almost 7 percent in premarket trading after the company reported first-quarter earnings that were 18.7 percent higher than a year ago. The Milwaukee company said motorcycle sales grew 5.8 percent worldwide and efficiency … Continue reading

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Financial News

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