Articles by James Calloway
Fortescue Directors Signal Confidence with Share Purchases Following Strong Earnings
Directors at Fortescue Ltd acquired shares worth approximately A$114,664 following the company's robust half-year results, which included a significant profit increase and a higher interim dividend.
CrowdStrike Shares Surge on Strong Long-Term Revenue Outlook
CrowdStrike Holdings saw its stock climb 4.5% following an optimistic fiscal 2027 revenue projection that exceeded analyst expectations. The cybersecurity firm reported robust quarterly growth and expanding annual recurring revenue.
Intel Under Fire From Senators Over Chinese-Linked Supplier Tests
Intel faces a bipartisan Senate inquiry over its testing of equipment from ACM Research, a firm with significant Chinese ties and clients on U.S. sanctions lists. The scrutiny comes as Intel weighs opening its advanced 18A manufacturing process to external customers.
Broadcom Surges on $100B AI Chip Forecast and $10B Buyback Plan
Broadcom shares climbed nearly 5% in extended trading following strong quarterly results and an ambitious forecast for its artificial intelligence semiconductor business, coupled with a new $10 billion stock buyback authorization.
U.S. Drafts New AI Chip Export Rules, Potentially Impacting AMD, Nvidia
U.S. officials are drafting new AI chip export regulations that could require foreign governments to invest in U.S. data centers or provide security guarantees, potentially impacting major chipmakers like AMD, Nvidia, and Intel.
Broadcom Lifts AI Chip Forecast Past $100B, Shares Rally on Strong Outlook
Broadcom Inc. significantly increased its AI chip sales forecast for 2027 to over $100 billion, driving its stock higher. The company also reported strong first-quarter results and provided second-quarter revenue guidance that beat analyst expectations.
Adobe Stock Rises on AI Revenue Focus Ahead of Q1 Report
Adobe shares advanced approximately 4% on Thursday as Wall Street scrutinizes the company's AI-fueled subscription growth ahead of its quarterly earnings release next week.
California Antitrust Review Clouds Paramount's $110B Warner Bros. Discovery Acquisition
California's attorney general has opened an antitrust investigation into Paramount's planned $110 billion acquisition of Warner Bros. Discovery, casting doubt on the merger's timeline and approval.
Grab Faces Regulatory Pressure in Indonesia, Adjusts Malaysian Fintech Terms
Grab Holdings sets aside Rp100-110 billion for enhanced holiday bonuses for Indonesian drivers following a new government mandate. Separately, Grab Malaysia will increase monthly interest on new PayLater instalments to 1.25% starting March 9.
Brazilian Banks Gain as Central Bank Eases Liquidity Crunch from Deposit Insurance Prepayments
Brazil's central bank announced a measure allowing banks to offset mandatory prepayments to the deposit insurance fund against reserve requirements, potentially unlocking R$30 billion in liquidity by 2026. Shares of major Brazilian banks, including Banco Bradesco, rose following the news.
Ford Recalls Over 600,000 U.S. SUVs for Wiper Motor Defect Amid Sales Slump
Ford Motor Company is recalling over 600,000 vehicles in the U.S. due to a windshield wiper motor defect that could impair visibility. The news follows a reported 5.5% drop in the automaker's February U.S. sales.
Marvell Technology Set for Post-Earnings Volatility Amid AI Infrastructure Focus
Marvell Technology shares edged higher premarket ahead of its quarterly report, with options pricing an 11% move. The chipmaker is expected to post revenue of $2.21 billion and adjusted EPS of 79 cents.