AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China
Kif Leswing May 6 2025 AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue. The company’s data center segment, including AI graphics and central processor sales, topped estimates and rose 57%. AMD’s forecast also included $800 million in costs that the company said it would incur […]
Growth at US Service Providers Picks Up After Slumping in March
Summary by Bloomberg AI The Institute for Supply Management’s index of services increased 0.8 point to 51.6 last month, indicating expansion. The prices-paid gauge jumped 4.2 points to a more than two-year high of 65.1, with nearly 40% of purchasing managers reporting higher prices. Eleven industries reported growth last month, led by accommodation and food […]
Blackstone president sees ‘a ton’ of AI data center demand, commercial real estate recovery
MAY 5 2025 1:42 PM EDT UPDATED MON, MAY 5 2025 3:02 PM EDT Sean Conlon Although President Donald Trump’s tariffs have posed a threat to the artificial intelligence boom, Jonathan Gray of Blackstone thinks there is more gas in the tank for data center usage demand. “I think this trend is powerful. I think […]
Warren Buffett’s Favorite Valuation Indicator Flashes Buy Signal
Summary by Bloomberg AI The “Buffett Indicator” measures the ratio of the US stock market’s total value to the dollar value of US gross domestic product and is currently at its lowest level since early September. The indicator is now at 180%, around where it stood after a brief selloff last year, and is signaling […]
China Hints at Possible Thaw With US in Weighing Trade Talks
Summary by Bloomberg AI China’s Commerce Ministry says it is evaluating the possibility of trade talks with the US, following senior US officials’ expressions of willingness to talk about tariffs. The ministry urges the US to show “sincerity” towards China, and Beijing has quietly started exempting around $40 billion worth of US goods from tariffs, […]
Employers Added 177,000 Jobs in April Despite Tariff Uncertainty – The Wall Street Journal
Hiring slowed slightly from March’s pace, while the unemployment rate held at 4.2% By Chao Deng and Justin Lahart May 2, 2025 The Wall Street Journal The U.S. labor market steadily added jobs last month despite jolting tariff announcements that many economists expect will give way to a trade policy-induced slowdown later this year. The […]
US INSIGHT: Three Big Takeaways From the US Economy This Week
Summary by Bloomberg AI First-quarter GDP shrank 0.3% due to a surge in imports, but domestic demand was strong, with final sales to domestic purchasers up 2.3%. The ISM Manufacturing PMI was better than expected, but supplier deliveries slowed, prices accelerated, and export orders were down. April’s jobs report was strong, with 177k payrolls, a […]
Microsoft shares jump on earnings, revenue beat as Azure cloud business grows 33%
Jordan Novet April 30th, 2025 CNBC • Microsoft delivered better-than-expected results on the top and bottom lines. • The company’s Azure cloud business exceeded analysts’ estimates. • Wall Street will be focused on the company’s upcoming earnings call for a sense of how President Trump’s tariffs are impacting the business. Microsoft shares rose more than 6% […]
Meta shares rise on stronger-than-expected revenue for the quarter
Jonathan Vanian April 30th, 2025 CNBC Meta shares rose more than 5% after the company reported stronger-than-expected revenue in the first quarter. The company said that second quarter sales will be in range of $42.5 billion to $45.5 billion. Analysts were expecting $44.03 billion. Meta increased its 2025 capital expenditures to come in between the […]
Tax Collections Remain Strong in 2025 Despite IRS Concerns
Penn Wharton Budget Model April 30th, 2025 Key Points Recent media reports suggested that tax receipts could fall as much as 10 percent this year, creating a shortfall of more than $500 billion. However, through April 28, individual income and payroll tax receipts are $120 billion higher than last year and statistically in line with projections made […]