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Nvidia’s AI-driven stock surge pushed earnings multiple three times higher than Tesla’s

August 11, 2023 by admin

Nvidia’s graphics chips have proven to be the best for training artificial intelligence models, and clients can’t get enough of them.

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Gold prices to breach all-time highs? Some expect bullion to hit $2,500

August 10, 2023 by admin

Gold prices may set new all-time highs in 2024 on the back of a peak in interest rates, looming recessionary fears and higher consumer demand, analysts say.

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China’s real estate market roiled by default fears again

August 10, 2023 by admin

Two years after Evergrande’s debt troubles, worries about China’s real estate sector are coming to the forefront again.

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Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

August 8, 2023 by admin

Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

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Tesla CFO Zach Kirkhorn steps down

August 7, 2023 by admin

Zach Kirkhorn, Tesla’s chief financial officer, stepped down from his role but will remain with the company through the end of the year.

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SharkNinja’s NYSE debut underscores challenges for U.S. businesses that rely on China

August 6, 2023 by admin

While SharkNinja’s stock popped out of the gate on Monday, the stock sold off the rest of the week, falling below its debut price.

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Berkshire Hathaway’s operating earnings rise nearly 7%, cash pile approaches $150 billion

August 5, 2023 by admin

Berkshire Hathaway reported a solid increase in operating earnings, while the cash hoard at Warren Buffett’s conglomerate swelled to nearly $150 billion.

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Amazon stock rallies after blowout quarter

August 4, 2023 by admin

Analysts cheered stabilizing AWS growth, improving retail margins and progress on cutting costs.

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Amazon reports blowout profit, beats on sales and issues optimistic guidance

August 3, 2023 by admin

Amazon posted its strongest earnings beat since the end of 2020, and gave upbeat guidance for the third quarter.

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JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade ‘ridiculous’ but says it ‘doesn’t really matter’

August 2, 2023 by admin

In the wide-ranging interview, Dimon touched on topics including geopolitics, bank regulation, artificial intelligence and the direction of the economy.

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