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Shares of Costco Wholesale Corp. plummeted by more than 4 percent in late trading on Thursday after the company reported fiscal second-quarter results that missed market forecasts. The retailer posted earnings of $515 million, or $1.17 a share in the three-month period to February, down from $546 million, or $1.24 a share, in the year-agoRead More
Gold futures prices resumed their decline on Thursday, on track to lose ground for a third straight session. The precious metal fell to the lowest level in more than one week, weighed down by rising expectations for a U.S. March rate increase. Gold for April delivery dropped around 1 percent to trade below $1240.00 anRead More
Shares of Broadcom Ltd. rose more than 4% in the extended session on Wednesday after the company reported fiscal first-quarter earnings results that beat market forecasts. The chipmaker posted adjusted quarterly earnings of $3.63 a share on adjusted revenue of $4.15 billion, topping expectations calling for 3.48 a share on revenue of $4.08 billion. BroadcomRead More
Shares of Best Buy Co. Inc. pared their losses after having fallen as much as 8.6% in premarket trading on Wednesday. The company reported fiscal fourth-quarter revenue and a first-quarter forecast that missed analysts’ expectations. Best Buy posted net income of $607.0 million, or $1.91 per share, up from $479.0 million, or $1.40 per share,Read More
Japanese yen stumbled on Wednesday, falling to the lowest level in a week versus its American counterpart following hawkish comments from U.S. Federal Reserve policymakers overnight. The pair USDJPY soared around 0.7% to as high as 113.530 – the highest level since February 22nd after a handful of Fed officials late Tuesday fueled speculations forRead More
U.K. shares struggled for direction on Tuesday as investors were cautious ahead of U.S. President Donald Trump’s first address a joint session of Congress. The FTSE 100 index swung back and forth between gain and loss amidst rising speculations about Trump’s plans for spending on infrastructure and cutting tax which are expected to be madeRead More