Samsung Electronics released earnings guidance for Q1, with an expected huge year-on-year rise in operating profit attributed by analysts to improvements in the chip market, partly driven by demand for AI.
There was a "significant" drop in job openings in the first quarter of the year, according to the latest Quarterly Employment Monitor from recruitment firm Morgan McKinley.
The Samsung Galaxy Tab A9+ is great for productivity and entertainment and is the best budget Android tablet you can buy right now. It's starting at $159.99 on Amazon after a $60 discount, which is the lowest price it has been.
Rate hikes by the U.S. Federal Reserve have compelled companies like Schwab to increase the interest they pay on deposits - a crucial source of capital that is used to invest in interest-earning assets and give out loans. Schwab has also taken on debt to bolster its funding, which hit interest revenue further. The interest rate on its borrowings from the Federal Home Loan Bank was 5.27%, compared with 5.05% a year ago.
The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.
8BitDo makes some of our favorite third-party game controllers. The gamepads work with a variety of devices (now including the Apple Vision Pro) and they’re well-built. Right now, you can pick up a bundle of an 8BitDo Ultimate Controller and charging dock for $56 on Amazon. That's 20 percent off and close to a record low. It’s the best price we’ve seen so far this year. If you're a Prime member and you're signed in, you'll see that the controller is sold by 8BitDo directly. Otherwise, you'll...
Global equity markets rallied in the first quarter as expectations grew that the world's major central bank's were done with monetary policy tightening and would pivot to rate cuts, resulting in a jump in assets under management (AUM). The company's AUM jumped to $10.47 trillion in the first quarter, up 15% year-on-year, helped by rising markets and inflows. BlackRock registered $57 billion of total net inflows in the quarter, down from $110 billion a year earlier.
Samsung announced today its earnings guidance for Q1 2024, where sales are expected to reach between KRW 70 and 72 trillion ($51-$53 billion). The more impressive figure, however, is the operating profit – between KRW6.5 and 6.7 trillion (just under $5 billion) – ten times more compared with the profit during the same period last year. (all units inKRW / USD) Q1 2024Earnings Guidance Q3 2023 QoQ Change Q1 2023 YoY Change Sales 71 trillion /52 billion ...
Abbott Laboratories beat Wall Street estimates for quarterly profit on Wednesday and raised the lower end of its annual forecast on robust sales of its medical devices, including glucose-monitoring products. Sales of Abbott's medical devices have been strengthened in recent quarters due to a resurgence in the demand for joint replacements as well as other surgeries delayed during the COVID-19 pandemic. Industry bellwether and rival Johnson & Johnson said on Tuesday it continues to expect...
New figures show that Apple's global iPhone sales declined by over five million in the first quarter of 2024, compared to the same time in 2023. Apple's iPhone 15 Pro (left) and Samsung's Galaxy S24 In March, it was reported that Apple had cut its iPhone orders because of reduced demand in China, but IDC now says that the decline is worldwide. The research firm also says that of all the major smartphone makers, Apple had the sharpest year on year decline. IDC's research claims that...