What happened:Â Broadcom (AVGO) stock declined more than 15% on Thursday, its biggest one-day drop since January 2025, after the custom chip designer’s AI sales outlook missed estimates. By the numbers: The company reported revenue of $22.19 billion, modestly exceeding the consensus estimate of $22.13 billion, although some analysts had anticipated an even stronger result. Earnings…
Taiwan Semiconductor Manufacturing Co. Chief Executive Officer C.C. Wei said the companyâs global chip supply will fall short of AI-fueled demand for years to come, sustaining revenue growth for the firm. Source link
Apple’s (AAPL) App Store facilitated a staggering $1.4 trillion in sales and billions in 2025, according to a study by the Analysis Group. The independent study, commissioned by Apple, found that economic activity generated by the digital storefront has more than doubled since 2019, with digital goods and services growing 2.4x, physical goods and services…
Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests, as fears over liquidity pressures rattled private markets. The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10% during the second quarter….
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals. Source link
June 4, 2026, 5:04 a.m. ET Cape Coral has a lot going for it these days, including being one of the fastest growing cities in the U.S. Not surprisingly, this kind of growth is spawning businesses and it makes Cape Coral a prime location for entrepreneurs looking to open anything from a new restaurant to…
A look at promotions, hirings, movers and newsmakers in the Memphis area business scene Source link
While much of the 2026 legislative session was dominated by battles over congressional redistricting and high-profile partisan issues, for the stateâs business lobby, a series of measures designed to ramp up workforce training were a rare bipartisan win. Bills that would restructure the state’s workforce training programs â and redirect more federal money to the state,…
The British multinational, De Beers, which specialises in the mining and marketing of diamonds, is eager to change the narrative. In Sierra Leone, it’s launched a project called Gemfair, where local artisanal miners are offered equipment, training, and more transparent pricing for their finds. You might call it a kind of fairtrade scheme for diamonds….
One of Sysomaâs concepts designed to ballast regional food systems in urban infill. If you are looking for another play in your headphones besides the latest historic biography, consider the âRegenerative Real Estateâ podcast. The free podcast focuses on real estate and land development. Speakers are from around the world, the topics wide-ranging and the…
