Broadcom rides on AI chip demand to deliver upbeat revenue forecast
By Harshita Mary Varghese and Max A. Cherney June 5, 2025 Reuters June 5 (Reuters) – Broadcom (AVGO.O), forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company’s shares fell 4% in extended trading, after gaining about 12% this year, as […]
ECB’s Lagarde sees weak growth, dominated by downside risks
The Business Times Dec 4, 2024 Eurozone economic growth could be weaker in the months ahead and the medium term outlook is uncertain with downside risks dominating, European Central Bank President Christine Lagarde said in a parliamentary hearing on Wednesday (Dec 4). The eurozone economy has been virtually stagnant for the past 18 months, and […]
Germans Aren’t Buying the Market Excitement About Friedrich Merz
Summary by Bloomberg AI German Chancellor Friedrich Merz is preparing for his first visit to the White House, with investors backing him to lead an economic resurgence driven by a major program of spending on infrastructure and defense. However, obstacles include Donald Trump’s grudge against Europe’s biggest economy and concerns that Germans may not have […]
Big Tech Is Back in S&P 500 Driver’s Seat as Profit Engines Hum
Summary by Bloomberg AI ▪ The same technology giants that contributed to the S&P 500’s decline in April are now driving the recovery in US equities. ▪ Big Tech results have shown demand for cloud-computing services, software, electronic devices, and digital advertising remains intact despite trade tensions. ▪ The Magnificent Seven stocks (Nvidia, Microsoft, Tesla, […]
America Let Its Military-Industrial Might Wither. China’s Is Booming.
A visualization of how far the U.S. has fallen behind By Jon Emont and Daniel Michaels May 29, 2025 11:00 pm ET Adapting to the dual challenge of China’s military and its economy has been a focus of U.S. administrations for years. America is losing ground. Modern warfare is a contest of industrial might, as […]
Microsoft Shares Go From Laggard to Leader as AI Growth Improves
Summary by Bloomberg AI Microsoft Corp. shares are close to a record high due to signs of improvement in its Azure cloud-computing business, fueled by the broader rebound in US equities and better-than-expected results. Azure’s revenue growth of 33% exceeded expectations, with analysts projecting AI-related Azure revenue to rise to about $24 billion in the […]
Nvidia Eases Concerns About China With Upbeat Sales Forecast
Summary by Bloomberg AI Nvidia expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. The company is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. […]
Tariff Ruling Is a Setback for Trump but Doesn’t End Trade War
Trade experts say Trump won’t abandon levies after court decision sows confusion By Jason Douglas, Jon Emont, and Hannah Miao May 29, 2025 SINGAPORE—Shortly after the news broke that a U.S. court invalidated almost all of President Trump’s tariffs, one Vietnam-based furniture exporter responded with an astonished text: “WHAT???” The decision by a little-known U.S. […]
US INSIGHT: Customs Duties Bring Record Revenues – In One Chart
By Alex Tanzi 05/23/2025 13:23:01 [BI] (Bloomberg Economics) — Revenues generated from customs duties so far in May have already reached a new monthly record, bringing in at least $22.3 billion, according to Treasury data released Friday. This fiscal year, customs duties have brought in nearly $93 billion, with 43% of the gains coming in […]
U.S. Debt to GDP: A Post-WWII Comparison to the Modern Era and Fiscal Policy Implications
Chris Combs Silicon Valley Capital Partners May 21, 2025 The United States has faced high levels of national debt during two significant periods: the post-World War II era and the current fiscal environment. Although the debt-to-GDP ratios in both periods are similar, the responses and outcomes differ significantly. This paper explores these similarities and differences, […]