“Bond King” Jeffrey Gundlach says he thinks the Fed will cut rates again, “perhaps even in two weeks,” following this week’s emergency 50 basis point cut.
reported earnings of 57 cents per share on revenue of $28.893 billion. Analysts expected earnings of 55 cents per share on revenue of $28.866 billion, according to Refinitiv. -The semiconductor company rose more than 7% in premarket trading on Thursday after reporting strong quarterly earnings.
posted earnings of 17 cents per share, topping estimates by a penny, according to Refinitiv. Revenue came in at $718 million, beating the $711 million forecast on the Street. -Stock futures accelerated losses, and the Dow is now set to open down more than 700 points. The move lower comes as the number of coronavirus cases worldwide rises. On Wednesday California Governor Gavin Newsom declared a state of emergency following the first coronavirus-related death in the state.
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