Broadcom CEO Hock Tan sees AI chip revenue ‘significantly’ above $100 billion next year
[ad_1] Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom CEO Hock Tan sees the artificial intelligence boom gaining so much steam that he’s projecting AI chip revenue next year “significantly in excess of $100 billion.” After the chipmaker reported better-than-expected results for the fiscal first quarter and issued a strong forecast for the current […]
Broadcom beats on earnings and guidance as AI revenue doubles
[ad_1] Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom reported better-than-expected earnings and revenue and issued a strong forecast for the current period as the chipmaker continues to benefit from the artificial intelligence boom. Here’s how the company […]
Tinder to pay $60.5M in Calif. in age discrimination suit — here’s how to apply for a payout
[ad_1] Tinder has agreed to pay $60.5 million in California to settle a class action lawsuit that accused the popular dating app of age discrimination. The lawsuit alleged that Tinder violated state law by charging older users more than younger users when they signed up for premium subscriptions. It was originally filed in 2015 on […]
Sportswear giant Adidas drops 8% after profit guidance disappoints
[ad_1] The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. […]
Epstein files: Goldman Sachs lawyer Kathryn Ruemmler asked to testify to House panel
[ad_1] FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013. Charles Dharapak | AP The House committee investigating the notorious sex offender Jeffrey Epstein has asked Goldman Sachs‘ top lawyer, Kathryn Ruemmler, to […]
Target reports another quarter of declining sales but says it sees some green shoots
[ad_1] MINNEAPOLIS — Target reported another quarter of declining sales and profits as the retailer struggles to regain its footing with its customers contending with higher prices almost everywhere. But the Minneapolis company on Tuesday offered a solid annual profit outlook that was better than Wall Street had been projecting, It also said it believes […]
Qualcomm CEO sees robotics as a ‘larger opportunity’ within 2 years
[ad_1] Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters BARCELONA, Spain — Robotics will become a “larger opportunity” for Qualcomm within the next two years, CEO Cristiano Amon told CNBC, as the chip giant continues its foray into areas beyond the smartphone. In […]
Target is set to report quarterly earnings, share turnaround plan. Here’s what to expect
[ad_1] Sign at the entrance to a Target store in Venice, Florida. Erik Mcgregor | Lightrocket | Getty Images Target plans to report its holiday-quarter earnings and share its expectations for the year ahead on Tuesday morning, as its new CEO lays out his strategy and tries to persuade Wall Street that the big-box retailer […]
Emirates’ first flight out of Dubai since Iran strikes takes off
[ad_1] A passenger Mohd Umardaraz from Bijnor Uttar Pradesh stranded at Terminal-3 Delhi airport after his flight for Kuwait is cancelled due to airspace restrictions over Iran and parts of the Middle East on March 1, 2026 in New Delhi, India. Arvind Yadav | Hindustan Times | Getty Images The first Emirates flight out of […]
Steve Eisman says investors should ignore U.S.-Iran war, will be long-term ‘positive’
[ad_1] Steve Eisman of “The Big Short” fame said investors should ignore the U.S.-Iran war as it could be a long-term positive for markets. In fact, when the investor was asked Monday by CNBC’s Joe Kernen on “Squawk Box” whether he would change anything because of the conflict, he responded with, “Not a single trade.” […]