Key Points Lumentum’s fiscal fourth-quarter revenue rose 109% year over year to $1.01 billion. Coherent’s revenue rose 34% to a record $2.05 billion. Lumentum fell 9.9% and Coherent 12.8% on Tuesday as AI stocks sold off across the board. 10 stocks we like better than Lumentum › Tuesday, Aug. 18, was rough on the artificial
The S&P 500 Index ($SPX) (SPY) closed up by +0.21% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.22%. E-mini S&P futures (ESU26) rose +0.20%, and September E-mini Nasdaq futures (NQU26) fell -0.21%. Stock indices settled mixed on Wednesday, with the Nasdaq 100 falling
Cross-party MPs and peers have written a letter, organised by Labour MP Afzal Khan, to IPSO concerning the treatment of Professor Jason Arday. (Alamy) 4 min read19 August A cross-party group of MPs and peers has asked the Independent Press Standards Organisation (IPSO) to investigate media coverage of Jason Arday. In a
When someone uploads a photo to the people-search tool ClarityCheck, the website has a clear message: “Your reverse image search is private and secure.” New research, though, shows that the website left more than 9 million image files, including photographs of people’s faces, publicly exposed. And a second misconfiguration publicly exposed people’s email addresses and
Believe it or not, Canadians who open a Tax-Free Savings Account (TFSA) are potential millionaires. Data from the Canada Revenue Agency (CRA) confirms that this tax-advantaged account has already produced hundreds of TFSA millionaires. Despite the limitations of the annual dollar cap, more than 320 account holders have built seven-figure balances. Achieving a millionaire status
The Nikkei 225 Index fell sharply on Wednesday, hitting its lowest level since August 10 as Japanese government bond yields surged and technology stocks came under pressure. Investors are also weighing growing expectations for a Bank of Japan rate hike and renewed concerns about US-Iran tensions. The index fell to around 65,684 in early trading,
Turning a Tax-Free Savings Account (TFSA) into a reliable source of income doesn’t necessarily require a large investment. With just $14,000 invested in high-quality dividend stocks, investors can gradually build their TFSA into a steady cash-generating portfolio. The key is to choose fundamentally strong companies with consistent earnings, stable cash flow, sustainable payout ratios, and a
There was a time when $1,000 for a phone seemed absurd. Now Samsung is asking certain customers to pay more than twice that. The Samsung Galaxy Z Fold 8 Ultra starts at $2,099.99, making it one of the most expensive mainstream smartphones consumers can buy in the U.S., The Guardian reported. So what is the
Innovation is a concept that has become mythologized in the modern era: what it is, how to manage it, how to teach it, and how to get it to work for us. Despite these explorations, it remains fundamentally misunderstood, writes Eugene Fitzgerald, the Merton C. Flemings SMA Professor in MIT’s Department of Materials Science and
(RTTNews) – French stocks drifted lower Tuesday morning amid concerns about rising U.S.-Iran tensions and the potential impact of the conflict on global economic growth. Elevated oil prices and higher bond yields hurt as well. The 60-day ceasefire agreement has expired, and Washington has rejected an extension. Meanwhile, Iran has warned of a strong response,