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Adam Osmond gambled away a fortune on lottery games, but he eventually sought help.
Marvell Technology dumps over 16% after Q2 earnings.Marvell missed Q2 revenue projections, but Wall Street is more concerned with Q3 outlook.Michigan Consumer Sentiment and Expectations miss forecasts.As Wall Street cuts price targets, MRVL could sink back to $48.Marvell Technology (MRVL) had a solid quarter. But you wouldn’t know that from the over 16% drop in its share price on Friday.The 30-year-old semiconductor company, valued for its AI system-on-a-chip (SoC) integrated circuits used in artificial intelligence (AI) applications, reported adjusted earnings per share (EPS) of $0.67, in-line with Wall Street consensus, and revenue of $2.01 billion that rose more than 57%…
“When my wife’s mom passed away, the eldest brother took on the role as executor.”
The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.Equities falter post-PCE but only slightlyThe Dow Jones is down, but certainly not out. The major equity index…
The equal-weight version of the S&P 500 just booked its longest streak of monthly gains since 2021.
As we step into 2025, the gold and silver markets are poised for a transformative year. In the latest episode of Live from the Vault, precious metals expert Andrew Maguire offers a comprehensive analysis of the evolving landscape, highlighting the shifting balance between physical and synthetic gold markets. With insights from recent market trends and regulatory changes, this episode offers invaluable guidance for investors navigating these volatile times. Key Market Developments and Basel III The end of 2024 saw a notable shift in market dynamics, as strong physical buying from Asian markets followed the seasonal end-of-year selling. This pressure is…
Highlights include US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada Jobs Newsquawk Week Ahead: Highlights1st – 5th September 2025 MON: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2) TUE: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug) WED: NBP Announcement, Australia Real GDP (Q2), US ADP National Employment (Aug), Chinese Caixin Services PMI (Final), mEZ, UK, US Services PMI (Final), US Durable Goods R (Jul) THU: Swedish CPIF (Aug), US ISM Services…
The end-of-summer holiday is upon us, so be prepared for plenty of closings.
Bank of Japan (BoJ) monetary policy board member Junko Nakagawa said on Thursday, “if its outlook for economic activity and prices is realized, BoJ will continue to raise the policy interest rate.”Additional quotesHigh uncertainties remain over future course of trade policies and their impact.BoJ will make monetary appropriate policy decisions by continuing to carefully assess data and information.There is a possibility that upward pressure on wages and the pass-through of higher wages to selling prices will strengthen.Results of the upcoming September tankan will also be very important in examining the changes arising from factors such as progress in trade policy…
August has flipped the stock-market script: Once-forgotten sectors are now leading the charge as Big Tech lags.