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Broadcom rallies on forecast for booming AI chip demand

(Reuters) – Shares of Broadcom (NASDAQ:AVGO) soared 14% on Friday, with the chipmaker moving closer to $1 trillion in market value after…
Stock

Trump’s deportations could shake up the restaurant industry, but Wall Street isn’t worried

By Waylon Cunningham (Reuters) – Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in…
Stock

T-Mobile announces $14 billion buyback

(Reuters) -Telecom giant T-Mobile unveiled a $14 billion share buyback on Friday. The company in September had announced its plans to return…
Investing

How the New York Mets can justify paying one player $765 million

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”…
Investing

Judge blocks Albertsons-Kroger $25 billion supermarket merger

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling…
Investing

How the Olympics helped transform Salt Lake City into a tech hub

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy…
Investing

Albertsons sues Kroger after judge rules against grocery merger

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract…
Investing

Macy’s confirms rogue employee hid $151 million in expenses over three years

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday….
Latest News

House passes nearly $1 trillion defense spending bill, adding to US debt of $36 trillion

The House voted to pass its yearly defense bill Wednesday, adding about another $1 trillion to the $36 trillion national debt. The…
Latest News

Kari Lake nominated as Trump’s pick for director of Voice of America broadcast

President-elect Trump tapped Kari Lake as the next director of the Voice of America, a state-funded U.S. government broadcaster. ‘I am pleased…
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