Author: prosperplanetpulse.com

In the latest trading session, Qualcomm (QCOM) closed at $173.91, adjusting +1.68% from previous closing price. The stock outpaced the S&P 500’s daily gain of 0.11%. Elsewhere, the Dow Jones Industrial Average fell 0.11%, while the tech-heavy Nasdaq rose 0.23%.Prior to today’s trading, shares of the chipmaker had gained 5.94% over the past month. This outpaced the Computer Technology sector’s 1.54% rise and the S&P 500’s 1.5% rise over that period.The investment community will be paying close attention to Qualcomm’s earnings performance in upcoming releases. The company’s future EPS is expected to be $2.31, which would represent an increase of…

Reuters/Brendan McDiarmidU.S. stocks fell on Wednesday as traders took solid private jobs data.Investors are waiting for comments from Fed officials on the path to rate cuts this year.Atlanta Fed President Rafael Bostic warned that there will only be one rate cut, at the end of 2024.U.S. stocks fell on Wednesday as investors received private jobs data and awaited further comments from the Federal Reserve on its outlook for rate cuts this year. All three indexes fell in morning trading, but U.S. Treasury yields rose.Private companies expanded hiring more than expected last month, hiring 184,000 workers, according to ADP data. That’s…

Technology layoffs aren’t limited to Silicon Valley, with Seattle-based Amazon cutting hundreds of employees from its cloud division. The cloud division is a key business unit that builds technology for the company’s commerce business as well as external retailers and brands.Amazon Web Services has coveted positions in sales, marketing, and global services, in addition to hundreds of roles from our physical store technology team. The revelation came from an internal email leaked to Geekwire on Wednesday. WWD confirmed this news directly with the company.WWD detailsNaturally, Amazon is trying to eliminate duplication in its workforce. While the company’s statement emphasized that…

The job market remains strong. Private employers added 184,000 jobs last month, the biggest increase since July, according to ADP’s latest employment data. Median wages increased by just over 5%, and by 10% for those who changed jobs. Official employment numbers are expected to be released by the Labor Department on Friday. One of the many economic drivers behind a healthy job market is entrepreneurship: startups that bring new ideas to the world and put people to work. But this is not a great time for that entire ecosystem. Venture capital investment fell in the first quarter of this year,…

A number of hedge fund managers showcased their key ideas at the 2024 Son Investment Conference in New York on Wednesday. Among the stocks mentioned are e-commerce platforms, semiconductor manufacturers and European chemical companies. The event will also feature ideas from rising stars in the hedge fund industry. Son’s “idea contest winner” was also included. Here are some of the top picks mentioned:Vijay Shilpiekandula, Duquesne Family Office’s Investment Idea: ASML Son Idea Contest Winner Named:Vijay Shilpiekandula, Duquesne Family Office’s, Duquesne Family Office’s Investment Idea We introduced this as a stock idea. The Dutch semiconductor company is a “research and development…

A startup co-founded by billionaire entrepreneur Mark Cuban to disrupt the pharmaceutical industry is shipping its first drugs to two hospitals in need.Mark Cuban Cost Plus Drug Company is shipping the first batch of allergy drug epinephrine and blood pressure drug norepinephrine to 10 hospitals in Texas and Pennsylvania starting Wednesday, Bloomberg reports. It was reported.Both drugs are facing national shortages, and Cost Plus began manufacturing them at its Dallas facility last month, according to Bloomberg. As of this writing, epinephrine injections are currently in short supply, according to the FDA’s Drug Shortage Database. Mark Cuban. Photo credit: Bing Guan/Bloomberg,…

Image credits: Ghost autonomyGhost Autonomy, a startup that develops self-driving software for automaker partners, has shut down, TechCrunch has learned. The startup, which has raised about $220 million, announced on its website that it will cease global operations and dissolve the company as of Wednesday. The company employed approximately 100 people and had operations in Mountain View, Dallas, and Sydney. “We are proud of the significant innovations and advancements the Ghost team has made in line with our mission to deliver software-defined consumer autonomy,” the company’s website states. “Given the current funding environment and the long-term investments required to develop…

This article is part of an exclusive article IEEE Journal Watch Series In partnership with IEEE Xplore.Wind turbines are becoming a bigger part of the race towards a greener future, but at the same time the technology is evolving rapidly and we are learning how to prototype new turbines quickly and before connecting them to the power grid. The question arises as to whether it can be tested effectively. . A study published by a German research group in an academic journal in February.IEEE Open Journal of Power Electronics We outline four ways to test wind turbines and get them…

My Economy tells the story of the new economic normal through the eyes of the people who are making it happen. Because we know that the only thing that really matters is the economic numbers. Judy Nunez has always loved animals, but it wasn’t until 2012 that she decided to open her pet business, Tales on Trails, in Jersey City, New Jersey. After an injury left him unable to sit for long periods of time, Nunez looked for a job that would allow him to stand and walk. One day, she Googled her “walking” and her dog walking came up.…

S&P 500 Snaps Two-Day Losing Streak Powell said the Fed remains unchanged in its expectation that strong economic conditions will justify lowering interest rates this year. Powell Still Sees Room for Fed to Cut Rates This Year The Fed’s chairman said stronger-than-expected economic activity did not change the Fed’s expectation that lower inflation would allow it to cut interest rates. U.S. economy expanded in March at slightly slower speed, ISM shows. Inflation cools a bit. A measure of business conditions for service-oriented companies fell to a three-month low in March, but it still showed much of the U.S. economy is…