Business

(Bloomberg) -- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump.Most Read from BloombergRevenue in the three-month period ended in June will be $8.8 billion to $9.6 billion, the company said…

Office owners are holding their collective breath as tens of billions of dollars of distress put them in a bind.More than $38 billion worth of office buildings in the country are at risk of default, foreclosure or another form of distress, the Wall Street Journal reported, as determined by data firm MSCI. That’s the most distress the sector has…

By Stephen Nellis and Arsheeya Bajwa(Reuters) - Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features.The company has also branched out into selling chips for cars and devices such as…

Key points: General Conference delegates approved a new retirement plan for United Methodist clergy in the U.S. Called Compass, it is a defined contribution plan rather than the defined benefit plan that historically has been offered. Leaders of Wespath, the denomination’s pension and benefits agency, said a change was necessary…

3:22 p.m. ET, May 1, 2024 Americans were paid an additional $235 billion in interest in 2023, thanks to the Fed…

Bain Capital, LP is one of the world’s leading private investment firms with approximately $185 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset…

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a…

Republican presidential candidate former President Donald Trump speaks to guests during a rally at Clinton Middle School on January 06, 2024 in Clinton, Iowa. Scott Olson | Getty Images News | Getty ImagesThe presumptive Republican presidential nominee has repeatedly pledged to hike tariffs, cut taxes and encourage cheap money policy if he wins…

Home prices in February rose at the fastest clip since November 2022, according to national home price data released Tuesday.Prices nationwide rose 6.4% over the same month last year, the S&P CoreLogic Case-Shiller Home Price Index showed."Following last year's decline, U.S. home prices are at or near all-time highs," Brian Luke, head of…

The State Financial Officers Foundation announced on Tuesday a new effort, joined by Utah Treasurer Marlo Oaks (R), to push back on the use of pension funds to back leftist political causes.The foundation launched the Public Fiduciary Network, chaired by Oaks, to raise awareness about the use of public pension funds to push politicized…