BofA Securities analyst Lawson Winder discussed the performance of gold price last week and where it is headed. Gold prices have exceeded the analyst’s long-term target of $3,000 per ounce, with the analyst suggesting a potential rise to $3,500 if investment demand grows by 10%. China’s insurance sector could allocate up to 1% of its
JPMorgan Chase & Co.‘s JPM J.P. Morgan Asset Management penned a deal to enhance its Morgan Money offering through a strategic partnership with GLMX, a global money market trading platform. Morgan Money is a global trading platform that provides effective short-term investment management solutions tailored for institutional investors. With $313 billion in assets under management as
Analog Devices, Inc. ADI stock traded higher Wednesday after the company reported fiscal third-quarter results. The company’s revenue declined 25% year-on-year to $2.31 billion, beating the analyst consensus estimate of $2.27 billion. Adjusted EPS of $1.58 beat the analyst consensus estimate of $1.50. Analog Devices’ Industrial revenue declined by 37% year-on-year to $1.06 billion. Automotive revenue decreased 8% Y/year-on-year to $670.3 million. Communications revenue declined
GlobalFoundries Inc GFS reported a fiscal second-quarter 2024 revenue decline of 12% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.62 billion. The contract chipmaker’s adjusted EPS of 38 cents beat the analyst consensus estimate of 28 cents. Smartphone and mobile device revenue fell by around 3% from a year ago, while industrial IOT revenue declined