Author: i2wtc

Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022.Ying Tang | Nurphoto | Getty ImagesBroadcom is set to report fiscal first-quarter results after market close on Wednesday.Here’s what analysts polled by LSEG are expecting:Earnings per share: $2.03 adjustedRevenue: $19.18 billionAt that scale, analysts are projecting nearly 29% revenue growth year over year.The company has benefited from rising demand for artificial intelligence infrastructure, touting a 65% jump in AI revenue in fiscal 2025. Broadcom contributes to the development of Google’s tensor processing units, or TPUs. In December, CEO Hock Tan called for fiscal…

Nvidia founder and CEO Jensen Huang speaks about the Vera Rubin AI platform at the annual Consumer Electronics Show in Las Vegas, Jan. 6, 2026.Patrick T. Fallon | Afp | Getty ImagesNvidia CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI “might be the last time” it invests in the artificial intelligence startup before it could go public toward the end of the year.Huang said the opportunity to invest $100 billion in OpenAI, which was the figure that the two companies touted as part of an infrastructure deal in September, is probably “not in the cards.” “The…

Rep. Tony Gonzales, R-Texas, chairman of the Congressional Hispanic Conference, participates in the group’s press conference in the Capitol, March 25, 2025.Bill Clark | Cq-roll Call, Inc. | Getty ImagesThe House Ethics Committee on Wednesday announced an investigation into Rep. Tony Gonzales, a Texas Republican who has come under fire for allegedly having a sexual relationship with a staffer who died by suicide last year.The committee said it would investigate whether Gonzales “engaged in sexual misconduct towards an individual employed in his congressional office,” or “discriminated unfairly by dispensing special favors or privileges.”Gonzales has denied the affair with his former…

Anthropic has been experiencing significant growth, a rapid rise driven largely by enterprise demand for its AI systems. Roughly 80% of the company’s business now comes from enterprise customers, Anthropic CEO Dario Amodei told CNBC back in February, a contrast to its rival OpenAI whose products have drawn much of their early momentum from consumer adoption of ChatGPT. Its annual revenue run rate is nearing $20 billion, up from about $14 billion only weeks ago, according to sources, while its recent $30 billion funding in a new round valued the AI developer at roughly $380 billion.But the AI startup’s sudden, high-stakes battle with the Trump administration will force both its customers and investors to…

Oil marketing companies (OMC) have reportedly implemented a quota system amid the ongoing crisis ISLAMABAD: The All Pakistan Petrol Pump Owners Association (APPPOA) addressed a letter to Prime Minister Shehbaz Sharif on Wednesday, raising concerns over a potential petroleum shortage as delays in fuel supply occur. According to the letter, oil marketing companies (OMC) have reportedly implemented a quota system amid the ongoing Middle East crisis. “They are either not providing the product or have limited it to such an extent that we hardly fulfil the need of the public, or fuel stations get dry.” The APPPOA states that orders are…

KOLKATA: South African captain Aiden Markram on Tuesday said his team’s win over New Zealand in the group phase will count for nothing in the T20 World Cup semi-final, which will be a “completely fresh start”.The two teams clash at Kolkata’s Eden Gardens in the first semi-final on Wednesday, with both having never lifted a cricket World Cup. South Africa are the only unbeaten side in the last four and are trying to rid themselves of a reputation for choking in the final stages at World Cups. They have been the team to beat in this edition and got the…

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025.Tierney L. Cross | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman of the Federal Reserve.Warsh, if confirmed by the Senate, would replace Fed Chairman Jerome Powell, for a four-year term.Trump’s nomination was transmitted to the Senate, the White House said in a statement posted online on Wednesday.That transmittal came more than a month after Trump first publicly announced…

A sign hangs outside of a Target store on Feb. 10, 2026 in Chicago, Illinois. Scott Olson | Getty ImagesMINNEAPOLIS — Target customers will soon see changes on the retailer’s shelves, as the company tries to woo back shoppers during a turnaround effort that has started to catch Wall Street’s eye.Among those shifts, Target will add more fresh and trendy groceries, a dedicated display for higher-end makeup and a larger array of merchandise for sports fans.At the big-box retailer’s Minneapolis headquarters on Tuesday, Target’s merchandising leaders previewed the company’s ambitious plans to overhaul key categories, including home and apparel, which…

A mother paints the face of her son as they celebrate HolI in Mithi, Tharparkar district of Sindh on March 13, 2025. PHOTO: AFP Prime Minister Shehbaz Sharif on Wednesday greeted the Hindu community celebrating Holi and called for stronger national efforts to promote interfaith dialogue, protect places of worship, and foster mutual respect. “Let us renew our national resolve today to continue our joint efforts for a peaceful, inclusive and prosperous future, upholding the values of tolerance, empathy and unity,” he said. Highlighting Holi’s cultural significance, the prime minister said the festival reflected social harmony through vibrant colours and…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. Treasury Secretary Scott Bessent told CNBC this morning that President Donald Trump’s 15% global tariff would be implemented this week. He also said the U.S. would make “a series of announcements” to support oil trade in the Gulf.Stock futures are rising this morning. All three major averages closed lower yesterday.Here are five key things investors need to know to start the trading day:1. Pick-me-upA television station broadcasts US President Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday,…