Economic growth was weaker than expected in the second quarter though underlying drivers were mostly solid. At the same time, inflation in June held well above the Federal Reserve’s goal and complicated the central bank’s policy path, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services, increased just 1.5%…
The company’s cloud business is sporting impressive growth, and Microsoft expects to avoid heading into cash-burn mode as it spends up on AI.
The major stock indices are rebounding led by the NASDAQ index with a gain of 2.39%. The NASDAQ 100 is doing even better with a gain of 2.89%. The S&P is up 1.23% and the Dow industrial average is up 0.68%. Yesterday, the major indices fell sharply with the final numbers showing: Dow industrial average…
Alphabet (GOOG -1.23%) (GOOGL -1.18%) delivered a massive earnings beat last week, and it’s driving S&P 500 earnings growth to the highest level since 2021. The mega-tech company posted earnings per share of $9.11, more than three times the $2.90 expected by Wall Street. Today’s Change (-1.18%) $-3.97 Current Price $332.74 Key Data Points Market…
Pelco boasts five brands, Pelco Products, TraffiCalm, PedSafety, Component Products, and Novax Pelco was founded in 1985 Dominus Capital has made an investment in Pelco Solutions, an Edmond, Oklahoma-based provider of solutions traffic, utility, and pedestrian safety applications. Pelco’s management team, led by CEO Paul Koenig, will continue to lead the business and remain significant…
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Ferrari is bumping up its 2026 guidance after beating Wall Street’s second-quarter expectations amid healthy demand for…
Good morning, Hubsters. Senior reporter Michael Schoeck here with the US edition of the Wire from New York. You’d never know it was mid-Summer in the energy sector. Earlier this morning, I was the first to report that Blackstone’s energy transition group is acquiring a business that provides pipeline inspections from Koch. And yesterday, I…
For self-taught ceramicist, gardener, and photographer Frances Palmer, flowers and pottery are inseparable. Her beloved Connecticut garden is central to her craft, where she grows thousands of cut flowers that inspire her exquisite handmade vessels. These two passions first intertwined when Frances moved into her home 32 years ago. Her six-acre plot quickly filled up…
Pearce Financial Adds $143M to Osaic Pearce Financial joined Osaic Inc. from Integrity Alliance LLC, bringing $143 million in client assets. The Omaha, Nebraska-based, multigenerational family business is led by Advisers Kevin Pearce and Trent Pearce, a father-and-son team, alongside Planning Assistants Julie Pearce and Kara Pearce, a mother-and-daughter team. Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters. Through its affiliation with Osaic, Pearce Financial will have access to an integrated wealth management platform, expanded…
AI wunderkind Leopold Aschenbrenner has reportedly asked investors for an injection of fresh capital, and offered them to opportunity to buy some of its assets directly from the fund.