Bank of America’s second-quarter earnings rose 19% to $7.4 billion, beating analysts’ expectations, thanks to higher interest rates and better revenue in the company’s Wall Street trading and lending divisions. While many institutions focused on dealmaking and trading continue to report squeezed earnings, Bank of America’s global investment banking operations grew during the June quarter, with...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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