Marvell Technology's stock is on the rise after a strong earnings report. Investors are feeling more optimistic about the integrated circuit maker's future. The company did better than expected in the third quarter and gave a positive outlook for revenue. This good news has led many Wall Street firm
Monday is shaping up to be an interesting day in the stock market. Let's dive into some key things to watch. Black Friday spending was a bit higher than expected, with a 3. 4% overall increase and a significant 14. 6% boost in online shopping. This is great news for companies like Square, which powe
Imagine this: Macy’s just found out someone hid up to $154 million in expenses over the last few years. This mistake was made by a single employee, now gone, who was in charge of accounting for small package delivery costs. The company found out while preparing quarterly results, which showed sales
Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154
Gap, the well-known apparel brand, had a bit of a rough third quarter. Hurricanes and unseasonably warm weather really took a toll on their sales. But, despite these challenges, they still managed to do better than expected. In fact, they even raised their annual sales guidance for the third time th
Nvidia's latest earnings report was nothing short of impressive, but investors seem to have high expectations. The AI chip leader raked in a record $35. 08 billion in revenue, a 94% increase from last year. Earnings per share doubled to 81 cents, surpassing estimates. Despite these wins, the stock d
Nvidia is set to reveal its fiscal 2025 third-quarter results after the market closes on Wednesday. Wall Street is eagerly anticipating a significant profit jump to 75 cents per share, with revenue projected to hit $33. 16 billion—both figures marking over 80% growth compared to last year. Given Nvi
Walmart and Target, two of America's biggest retailers, recently reported their earnings, and the results couldn't be more different. Target's stock hit a low not seen in a year after missing its earnings forecast by a large margin. The company blamed higher costs due to a port strike last October a
Goldman Sachs has some good news for investors. They think the S&P 500, a key stock market index, will go up by 11% in 2025. That's a total return of 12% when you include dividends. Why? Because the economy is growing, and companies are making more profits. The firm's team, led by David Kostin, says
Ideal Power Inc. , a company dedicated to revolutionizing power switches, has shared its Q3 2024 achievements. Their star product, the B-TRAN™ bidirectional semiconductor power switch, is catching the eye of big players in electric vehicles and renewable energy. The company has been busy collaborati
