[ad_1] Despite beating Wall Street forecasts with its financial results, shares of Broadcom (AVGO) are down 10% after the chipmaker issued weak forward guidance for the remainder of this year. Silicon Valley-based Broadcom reported earnings per share (EPS) of $1.24 U.S., which topped the $1.20 U.S. expected among analysts who track the company’s…
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[ad_1] Cloud computing giant Salesforce (CRM) is buying Own, a start-up company that specializes in tools for backing up data, for $1.90 billion U.S. in cash. Salesforce said in a news release that the acquisition will improve its ability to back-up its own data in cloud-based applications, and that the deal is expected…
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[ad_1] Advertisment The S&P 500 edged up Friday as investors assessed a weaker-than-expected August jobs report and its implication on U.S. monetary policy. The Dow Jones Industrial index gained back 205.63 points to open Friday at 40,961.38. The much-broader index reversed 1.1 points to 5,502.31. The NASDAQ lost 79.51 points to…
[ad_1] Canada’s main stock index opened subdued on Friday as investors assessed U.S. labour market data, maintaining expectations of a September rate cut. The TSX Composite Index re-surged 65.74 points to open Friday at 23,054.02. The Canadian dollar pointed downward 0.08 cents at 74. cents U.S. In corporate news, Japanese retail…
[ad_1] The U.S. jobs report for August was weaker than expected, reinforcing that the American economy is slowing and causing equity markets to fall in pre-market trading. Nonfarm payrolls added 142,000 net new jobs in August, which was less than the 161,000 consensus expectation of economists surveyed by Dow Jones Newswires. …
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