High-flying Nvidia’s earnings could test US stock market’s AI dreams
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove…
Month: February 2024
Nvidia’s scorching shares drew hedge funds in Q4, filings show
(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By…
Oil settles up, records weekly gain on Middle East tensions
By Nicole Jao NEW YORK (Reuters) -Oil prices settled higher on Friday as geopolitical tensions in the Middle East more…
Amazon joins companies arguing US labor board is unconstitutional
By Daniel Wiessner (Reuters) – Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a…
DoorDash’s rising labor costs weigh on Q1 profit outlook, shares fall
By Granth Vanaik (Reuters) -DoorDash on Thursday forecast a quarterly profitability metric below Wall Street expectations, hurt by higher labor…
Applied Materials sees quarterly revenue above estimates on AI boom
(Reuters) -Semiconductor equipment supplier Applied Materials forecast better-than-expected second-quarter revenue on strong demand for advanced chips used in artificial intelligence…
VP Harris to tell Munich that Trump’s ideas won’t win over Americans
By Trevor Hunnicutt and Humeyra Pamuk WASHINGTON/MUNICH (Reuters) -U.S. Vice President Kamala Harris and Secretary of State Antony Blinken face…
TSX posts biggest gain in two months as resource shares jump
By Purvi Agarwal and Fergal Smith (Reuters) -Canada’s main stock index on Thursday posted its biggest gain in two months,…
Wall Street ends higher, lifted by Uber, Lyft and Nvidia
By Noel Randewich and Johann M Cherian (Reuters) -Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and…
Meta adds exec from key chip partner to board
By Max A. Cherney and Stephen Nellis (Reuters) -Meta Platforms on Wednesday added Broadcom CEO Hock Tan to its board…