Local Bank of America executives are confident in their growth strategy for the Houston region, expecting to grow from the third-largest bank in the area to the second largest based on local deposits in 2023.
Traders have placed a near definite chance for the Federal Reserve to slow down its pace of interest rate hikes once again on Wednesday, when it finishes its February meeting, and then perhaps a cut later this year. Investors are right to be on a slower pace of rate increases. After raising rates aggressively seven times last year, the Fed in its latest summary of economic projections said median interest rates will go as high as 5.1% in 2023.
Yahoo Finance markets reporter Ines Ferre examines AMD's latest earnings report.
Amazon.com Inc. is expected to reveal its first unprofitable year since 2014 this week — and expectations for the year aren't headed in a positive direction.
Inflation made the headlines through most of last year, for all the worst reasons: it ran far too high, peaked above 9% in June, and the inflationary pressures pushed down hard on stock markets. The Fed jacked interest rates up their highest level in over a decade, risking recession to fight the rise in prices. Today, inflation is still in the headlines, although the tone has shifted. The annualized rate is trending downward; the December number came in at 6.5% year-over-year. While this is good
Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning after the company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT). Under the terms of the agreement, Johnson Matthey will supply Plug with components for membrane electrode assemblies and specifically with "catalysts, membranes, and catalyst coated membranes (CCM)" -- essential parts for building fuel cells. Plug says that partnering with Johnson Matthey will "strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers."
In this article, we will take a look at the 10 most undervalued tech stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Tech Stocks to Buy According to Hedge Funds. Tech stocks took a beating last year as investors fled growth stocks amid rising inflation […]
Is Mr. Wonderful bailing on crypto? Not quite.
Berkshire Hathaway is the ultimate Warren Buffett stock. It is near an entry but is it a good buy? Here's what earnings and charts show for Berkshire stock.
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Most readers would already be aware that MaxLinear's (NASDAQ:MXL) stock increased significantly by 31% over the past...
Thank you, and welcome to AMD's fourth quarter and fiscal year-end 2022 financial results conference call. Participants in today's conference call are Dr. Lisa Su, our chair and chief executive officer; Jean Hu, our executive vice president, chief financial officer and treasurer; and Devinder Kumar, our executive vice president.
Investors are likely to be disappointed when the Fed hikes rates again this week, probably ending a surprisingly strong rally in the U.S. stock market.
Yahoo Finance Live anchors break down an analyst call on Lucid stock.
Costco has a tremendously loyal customer base with an over 90% membership renewal rate worldwide and an even higher rate in the United States (92.5%) in its most recent quarter. Currently, Costco charges $60 for a Gold Star membership and $120 for an Executive membership. Executive members have been rising in importance for the company.
Chip maker AMD (AMD) reported its Q4 2022 earnings after the bell on Tuesday, beating analysts' expectations. The report comes just days after rival Intel (INTC) announced disappointing earnings and guidance.
Major U.S. stock indexes closed over 1% higher on Tuesday as labor cost data encouraged investors about the Federal Reserve's aggressive approach to taming inflation a day ahead of the central bank's critical policy decision. Investors also digested a full plate of earnings reports. Shares of Exxon Mobil Corp and United Parcel Service Inc rose following their respective results, while Caterpillar Inc and McDonald's Corp ended weaker after their results.
DOW JONES NEWSWIRES Danish pharmaceutical company Novo Nordisk AS (DK:NOVO) (NVO) on Wednesday raised its dividend and launched a new 28 billion Danish kroner ($4.09 billion) share buyback after fourth-quarter earnings beat expectations amid strong demand for its diabetes care and obesity treatments.
Considering his status, only a brave financial prognosticator would tell investors to ignore some advice from Warren Buffet. That, however, is what Bank of America's Savita Subramanian currently recommends investors should do. While the investing sage has often said that the best strategy for retail investors is to purchase and hold an index fund that keeps track of the S&P 500, Subramanian, who is the head of US equity and quantitative strategy at BofA, does not think that is the best way forwa
The iconic money manager with a penchant for aggressive growth aims to close out January with a bang.