The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department...
Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
Shares of Taiwan Semiconductor Manufacturing Co., the world's largest producer of advanced chips, serving clients such as Apple and Nvidia, jumped nearly 10% during trading on Thursday after the company reported a 54% hike in net profit in the third quarter. The company expects annual revenue growth in the last...
Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year
Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney's board less than a year ago and...
Top Wall Street analysts like these stocks for their growth prospects
Optimism around artificial intelligence has helped lift the S&P 500 in 2024, boosting key chip stocks and power plays in the utilities space. Investors seeking sustainable returns will need to look for companies with solid long-term growth potential. To this end, top Wall Street analysts, with their expertise, can help...