Pros on CNBC discussed AMD after second-quarter earnings and revenue beat estimates but forward guidance fell short of what analysts had estimated.
AMD forecast, U.S. credit downgrade drags down chip stocks
Chip stocks dipped Wednesday, after AMD reported a gloomy forecast that may have spooked investors across the sector.
Third Point’s Dan Loeb reflects on tough first half for his hedge fund, which lags the market by 20%
Third Point’s flagship offshore fund was up only 1.1% in the second quarter, bringing its 2023 loss to 3%, according to his latest investor letter.
FDA warns some Tydemy birth control pills may not be effective, could result in unexpected pregnancy
The pills tested low for ascorbic acid, which could reduce their effectiveness and result in unwanted pregnancy, the FDA said.
IRS unveils ‘paperless processing initiative’ for taxpayers. Here’s what to expect
The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.
Here’s the trade on Apple ahead of Thursday’s earnings, according to analysts
Apple is set to report fiscal third-quarter results after the stock market closes Thursday.
Capitol Police reopen Senate buildings after finding no active threat
No injuries were reported and no shooter was located, a spokesman for the Metropolitan Police Department told CNBC.
Treasury Secretary Yellen says surprising Fitch downgrade is ‘entirely unwarranted’
Treasury Secretary Janet Yellen called out Fitch’s decision to downgrade the United States credit rating to AA+ from AAA.
The Fitch analyst behind the U.S. downgrade breaks down the decision—and how the country can regain the top rating
Fitch Ratings’ Richard Francis told CNBC that the rating agency would need to see a long-term fiscal solution and a reduction of its debt.
Elon Musk tweets and Twitter bots drove up price of FTX-listed altcoins, research finds
Sam Bankman-Fried and his crypto hedge fund Alameda Research benefitted from the fake bot activity on Twitter, which drove up the prices of several altcoins.
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