Broadcom forecasts upbeat current-quarter sales on 5G ramp up
Broadcom Inc (AVGO.O) forecast current-quarter revenue above Wall Street expectations on Thursday, as the semiconductor firm is set to benefit from the rising adoption of 5G technology.
EXCLUSIVE Boeing offers new 777X freighter as Qatar eyes order, airline says
Qatar Airways is weighing a multibillion-dollar investment with a potential order for 30 or more freighters, attracting interest from Boeing Co (BA.N), which has begun offering a freighter version of its future 777X jetliner, the airline’s chief executive said.
Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price?
Shares of AMC Entertainment Holdings Inc (AMC.N) surged to a record high this week in a blistering rally that again highlighted how an arcane options market dynamic known as a gamma squeeze can super-charge stock price gains.
Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving force
The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Sustained workout wear demand drives Lululemon’s upbeat 2021 forecasts
Lululemon Athletica Inc (LULU.O) forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its workout wear despite easing COVID-19 restrictions in many of its top markets.
New Exxon board member Hietala brings business transformation experience
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.
Analysis: A ‘tsunami’ of cash is driving rates ever lower. What will the Fed do?
Banks have too much cash on their hands – and they’re running out of places to put it.
White House warns companies to step up cybersecurity
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline.
European stock traders place their blockbuster bets in the dark
Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe.
EXCLUSIVE Tesla supplier CATL plans a major battery plant in Shanghai -sources
China’s CATL (300750.SZ) is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said.
