By Kanchana Chakravarty and Arsheeya Bajwa(Reuters) -Broadcom’s shares rose 6% on Friday as the semiconductor maker’s strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell (NASDAQ:MRVL) Technology’s bleak outlook.The rosy forecast from Broadcom (NASDAQ:AVGO) - the biggest supplier of custom AI chips to Big Tech - ...
Investing.com -- Deutsche Bank initiated coverage of the U.S. transportation sector with a selective approach, highlighting heightened risks from trade policies and tariffs. The bank’s analysts assigned a Buy rating to FedEx (NYSE:FDX) and a Hold rating to UPS in a note Friday, citing diverging near-term financial trajectories for the two parcel delivery giants.Deutsche Bank is bullish ...
Investing.com -- The Canadian stock market was volatile on Friday, as investors gauged President Donald Trump’s tariff policies and February’s U.S. and Canada jobs reports came in.By 12:50 ET, S&P/TSX 60 index was up by 3 points, or 0.2%. The S&P/TSX Composite was up 56 points, or 0.23%. Throughout the day, the indexes have fluctuated between -0.5% and +0.5%.On Friday, U.S. president D ...
By David ShepardsonWASHINGTON (Reuters) -The Trump administration said Friday it is ending collective bargaining for about 50,000 Transportation Security Administration officers that staff checkpoints at U.S. airports and other transportation hubs. American Federation of Government Employees President Everett Kelley called the decision "clear retaliation" because the "union has been out in front c ...