Broadcom's stock drops 5% as weak guidance overshadows earnings beat
Broadcom gave a disappointing revenue forecast for the current quarter.

Broadcom gave a disappointing revenue forecast for the current quarter.
Microsoft will begin reporting quarterly Azure revenue in dollars for the first time, providing more clarity about its business that competes with AWS.
The NBA also fined the Los Angeles Clippers $30 million and said the team will forfeit five first-round picks, one in each year in drafts starting in 2029.
Trump's plan to lower tariffs on 300,000 metric tons of imported beef caused an uproar among cattle ranchers.
The new DOJ opinion relates to funding states get for Temporary Assistance for Needy Families and the Supplemental Security Income programs.
The petition comes after a key ruling from the 9th U.S. Circuit Court of Appeals on sports-event contracts.
Apple stock hasn't been this inversely correlated to its tech peers since 2005.
"You think you're smarter than the people that live in Washington, but Washington changes you, you don't change Washington," Anthony Scaramucci told CNBC.
The rally might be tied to commodities, which are also surging, or an expression of optimism around the country's upcoming general election in October.
New York Fed President John Williams said higher Treasury yields reflect a strong economy as he weighs whether another interest rate hike is needed.
How Michael Khouw is playing ORCL ahead of earnings.
Uber is cutting small teams by nearly half and allowing about 1% of its workforce to continue working remotely.
The 10-year Treasury note yield reached a fresh multiyear high on Wednesday as inflation and debt concerns pressured global government borrowing costs.
The Energy secretary spoke to CNBC's Brian Sullivan in Venezuela on Wednesday, after President Donald Trump announced a massive oil deal with Caracas.
U.S. Energy Secretary Chris Wright told CNBC that more than 17 million barrels of oil transited the strait on Monday, a wartime record.
Jim Cramer agrees with UBS: The rally in Johnson & Johnson shares still has room to run.
The airline is partnering with Chase on the effort, saying it wants to build on that company's Sapphire Reserve Lounge Network.
Trump’s meeting with travel executives comes after a World Cup that showcased his unusually close relationship with FIFA President Gianni Infantino.
Ford reported its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
It's never a good time to be laid off. Losing your job with a newborn can be especially hard.
Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market.
American Airlines is adding its most premium seats to its largest planes, which it uses for its most popular long international flights.
Thyme Care has raised $125 million from investors in a deal doubling the cancer startup's valuation as it tackles critical disease treatment gaps.