Xi Jinping will need to confront China's major economic challenges after he secures a widely expected unprecedented third term in office, according to David Roche.
Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should bolster margins.
China's top leaders signaled Thursday that no big stimulus for growth was on the way, and downplayed the necessity of achieving the "around 5.5%" GDP target.
Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and bottom lines for its second quarter.
The GDP report brought the economy in line with a common definition of recession. But we won't know for sure if it officially becomes one at least for months.
Traditional oil and gas companies have been lifted this year by surging commodity prices, while tech stocks have fallen. But solar company Enphase is an outlier.
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.
The Inflation Reduction Act of 2022 provides $369 billion for climate and clean energy programs, the most aggresive climate investment ever taken by Congress.