AMD earnings report takeaways: Data center, PC and gaming sales

The Daily Beast
Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K
STR/NurPhoto via Getty ImagesTrump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public. Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year. However, it also reported a net loss of $327.6 million during the first three months of the year, compared with
Yahoo Finance AU
Commonwealth Bank's huge $10k move to help Aussies crack the property market
You won't have to spend years saving tens of thousands to get a foot on the ladder.
Yahoo Finance
Nvidia earnings, revenue expected to surge first quarter as AI trade faces latest test
Nvidia will report its fiscal Q1 earnings after the bell on Wednesday in a crucial report for both the AI trade and broader stock market.
Bloomberg
Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
Bloomberg
Gold Trims Gains as Traders Book Profit After Fresh Record
(Bloomberg) -- Gold trimmed gains as traders booked profits after prices surged to a record on increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bea
Reuters
Anglo shareholder LGIM supports break-up plan as BHP circles
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations. "The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors," said Nick Stansbury, head of climate solutions at LGIM.
Simply Wall St.
Positive Signs As Multiple Insiders Buy City Chic Collective Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it...
Fortune
Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’
Investors say Musk is spread too thin among his other companies to justify such high pay.
Simply Wall St.
Insider-Owned Indian Growth Companies To Watch In May 2024
The Indian market has shown robust performance, with a 3.7% rise over the past week and an impressive 44% climb over the last year. With earnings expected to grow by 17% annually, companies with high insider ownership might offer valuable stability and growth potential in this flourishing environment.
Yahoo Finance AU
Expert warns Aussies common dog breed could cost you when trying for a home loan: 'Most people don't realise'
Lenders can adjust a person's borrowing power and the breed can also influence their decision.
NCA NewsWire
RBA keeps door open to another rate hike
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
Reuters
Dollar calm as Fed urges patience; kiwi surges on hawkish RBNZ outlook
TOKYO (Reuters) -The dollar was steady against a handful of peers on Wednesday as investors assessed calls for patience from Federal Reserve officials and awaited Fed meeting minutes for more insight on the central bank's rate path. The kiwi alone stood out against the calm, leaping after the Reserve Bank of New Zealand lifted its forecasts for peak interest rates at its latest monetary policy meeting. Investors have largely been shoring up U.S. rate cut bets after a milder inflation reading last week, even as Fed officials continued to sound a cautious note.
Investing.com
Palo Alto Networks shares drop 8% premarket as billings outlook disappoints
Investing.com -- Shares in Palo Alto Networks (NASDAQ:PANW) tumbled more than 8% in premarket U.S. trading on Tuesday, after analysts flagged that the group's latest billings forecast disappointed elevated expectations.
TechCrunch
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it's making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend and Phil McGriskin, who had sold an e-commerce payments company called Envoy to WorldPay back in 2011.
Evening Standard
Inflation may soon be too low. But the Bank of England is scared to cut interest rates
City Comment: The Bank should start chopping interest rates as soon as it can
Simply Wall St.
Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Australian Associated Press
Consumer spending the wildcard in rate hike uncertainty
The spending appetite of consumers remains a key source of uncertainty for the Reserve Bank as the battle against inflation rages.
Simply Wall St.
Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Yahoo Finance
Jamie Dimon says the end to his time as JPMorgan CEO is 'not 5 years anymore'
The CEO of JPMorgan Chase made it clear Monday he now envisions a day when he will no longer run the largest US bank in fewer than five years.
Investing.com
Bank of America explains why it’s not just about Nvidia anymore
It's not just about NVDA anymore, according to analysts at Bank of America on Monday, with the firm stating that fundamentals are broadening out.

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AMD earnings report takeaways: Data center, PC and gaming sales

Latest stories

Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K

Commonwealth Bank's huge $10k move to help Aussies crack the property market

Nvidia earnings, revenue expected to surge first quarter as AI trade faces latest test

Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal

Gold Trims Gains as Traders Book Profit After Fresh Record

Anglo shareholder LGIM supports break-up plan as BHP circles

Positive Signs As Multiple Insiders Buy City Chic Collective Stock

Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’

Insider-Owned Indian Growth Companies To Watch In May 2024

Expert warns Aussies common dog breed could cost you when trying for a home loan: 'Most people don't realise'

RBA keeps door open to another rate hike

Dollar calm as Fed urges patience; kiwi surges on hawkish RBNZ outlook

Palo Alto Networks shares drop 8% premarket as billings outlook disappoints

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

Inflation may soon be too low. But the Bank of England is scared to cut interest rates

Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years

Consumer spending the wildcard in rate hike uncertainty

Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value

Jamie Dimon says the end to his time as JPMorgan CEO is 'not 5 years anymore'

Bank of America explains why it’s not just about Nvidia anymore