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Wall Street spikes after Fed keeps rates near zero, but major indices fail to eke out a win
In a statement, the Fed wrote that "indicators of economic activity and employment have strengthed."
Company
Qualcomm Inc
NASDAQ:QCOM
Qualcomm Inc is enabling a world where everyone and everything can be intelligently connected. The company's one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution – including advanced connectivity, high-performance, low-power compute, on-device intelligence and more – to the next generation of connected smart devices across industries.
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Hardware & electrical equipment
Qualcomm earnings beat forecasts but revenues suffer narrow miss
The computing specialist attributed the earnings jump in its first quarter to strong demand for 5G handsets as well as a record performance from its computer chip business
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Modi's Labor Reform Push May Remove Key Hurdle For Investors
Prime Minister Narendra Modi is finally attempting to overhaul India’s most controversial labor laws to attract investment and make it easier to do business in a country where changing archaic rules is a challenge for any government.
Robotics, automation, and AI stocks soar in 2Q, pushing ROBO Global index up 22% in year-to-date
Halfway into the year, the ROBO Global Artificial Intelligence Index has also climbed 30%, with both indexes largely outperforming the MSCI World Index, which is up 16%
Hardware & electrical equipment
ROBO Global finds the AI technologies giving HBO's 'Westworld' so much whizbang are not all fiction
The self-driving motorbikes and cars in Westworld are so near reality that the ROBO Global Index Series includes companies developing the technology
LATE MOVERS: Sprint and T-Mobile drop on merger doubts; Morgan Stanley posts better-than-expected 1Q results
Also moving Wednesday were Qaulcomm and Apple, IBM, Intel, United Continental and CSX
Wall Street ends the day lower as health sector declines
Investors also sifted through the latest round of earnings reports and economic data out of China
Hardware & electrical equipment
Apple and Qualcomm settle royalty dispute
The iPhone maker will pay the chipmaker as part of the settlement, which also includes a six-year licensing agreement
Inseego is a microcap play for the coming 5G revolution
The former Novatel Wireless has retooled itself for the Internet of Things and beyond
Hardware & electrical equipment
Apple ‘outperform’ rating maintained by Wedbush, saying China ban of iPhones in patent case affects older models
The ruling is 'more noise than a fundamental impact,' according to the Los Angeles-based investment bank
Hardware & electrical equipment
Tech slowdown bolsters short-seller profits in Semiconductor sector, says S3 Partners
Further weakness in the sector may be coming to an end as the amount of short interest falls
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EARLY MOVERS: Qualcomm shares lag in pre-market as Apple battle weighs; Roku Inc plunges despite latest earnings
Also in play before the New York bell are Wynn Resorts, the hotel and casino group and Square Inc
Investments and investor services
Qualcomm Inc loses first round of patent fight against Apple, says Bloomberg
The ITC has to balance between protecting markets and what's best for the economy
EARLY MOVERS: Uber and Lyft attracting web hits before the New York bell, while CBS-Viacom merger could be on again
Also in focus in pre-market trade on Thursday was Qualcomm and Rite Aid Corp.
Hardware & electrical equipment
Micron Technology shares slip after CFO says Trump's tariffs will hit business and issues disappointing outlook
In the three months ended August 30, Micron reported earnings of US$4.33bn or US$3.56 per share, on revenue of US$8.44bn
Hardware & electrical equipment
Goldman Sachs cools toward Micron, downgrades stock to Neutral from Buy
The analysts turned negative as memory downturns usually 'last for several quarters’ and can spur an acceleration in price declines
Hardware & electrical equipment
NXP Semiconductors NV shares face pressure due to lack of CEO's clear affirmation of 3Q guidance, says Oppenheimer analyst
Revenues from NXP’s core auto, industrial and internet of things businesses are still driving NXP’s top-line growth
Hardware & electrical equipment
Baird analyst slashes price target on US chipmaker Micron Technology
Baird analyst Tristan Gerra says DRAM pricing is set to hit a peak in 3Q while the oversupply of NAND flash chips is worsening
Hardware & electrical equipment
Apple seen hit by virus outbreak at chipmaker Taiwan Semiconductor, says Digitimes
Computer virus at Taiwan Semiconductor disrupts chip shipments to Apple
Hardware & electrical equipment
Qualcomm shares soar after announcing plans to buy back US$10bn worth of shares
The chipmaker plans to repurchase as much as US$30bn in stock this fiscal year