Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Finance|Stock Markets|Technology

Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surges

Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed

Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surges
Business|Economy|Finance

Gold falls on firmer dollar as US data takes spotlight

Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the

Gold falls on firmer dollar as US data takes spotlight
Business|Economy|Finance

BOJ's Himino reiterates readiness to raise rates if economy on track

Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates

BOJ's Himino reiterates readiness to raise rates if economy on track
Asia|Business|Finance|Stock Markets|Technology

Stock market today: Losses for Big Tech companies lead Wall Street lower

Losses for several big technology companies pulled the stock market lower

Stock market today: Losses for Big Tech companies lead Wall Street lower
Business|Finance|Stock Markets|Technology

Stocks fall, Nvidia down 3% after the bell despite strong earnings

Global equity markets eased while the U.S. dollar rebounded on Wednesday, and then chipmaker Nvidia's better-than-expected results failed

Stocks fall, Nvidia down 3% after the bell despite strong earnings
Business|Economy|Finance|Stock Markets

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses

Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses
Business|Finance|Stock Markets

Australia's Woolworths rises after special dividend, profit in line with forecast

Shares of Woolworths climbed on Wednesday after the Australian grocer declared a special dividend and also said its full-year profit dropped in line with analysts'

Australia's Woolworths rises after special dividend, profit in line with forecast
Economy|Finance|News

Australia inflation eases in July, but progress still slow

Australian inflation slowed to a four-month low in July as government rebates on electricity bills kicked in, but progress on tempering price gains

Australia inflation eases in July, but progress still slow
Finance

US dollar advances on month-end demand; focus on economic data

The U.S. dollar gained on Wednesday due to month-end buying and technical factors after recent declines that pushed it to its weakest in more than a

US dollar advances on month-end demand; focus on economic data
Americas|Economy|Finance

Brazil finance chief says he suggested new cenbank head be picked by September

Brazil's Finance Minister Fernando Haddad said on Tuesday that he suggested to the country's president that the nomination of the next central bank head should be revealed between

Brazil finance chief says he suggested new cenbank head be picked by September
Asia|Business|Finance

Looking local as US macro, Nvidia shadows linger

A look at the day ahead in Asian markets.

Looking local as US macro, Nvidia shadows linger
Business|Finance

Walmart unveils new marketplace seller services for holiday boost

Walmart said on Tuesday it would provide marketplace sellers its services to handle transportation of their goods from Asia directly to its U.S. warehouses, as well as fulfill

Walmart unveils new marketplace seller services for holiday boost
Business|Economy|Finance

Nordstrom Q2 results get boost from sales event, turnaround efforts

Nordstrom posted a second-quarter profit that topped estimates on Tuesday, with sales propped up by its crucial Anniversary Sale event, sending its shares up nearly 7%

Nordstrom Q2 results get boost from sales event, turnaround efforts
Business|Economy|Finance|Stock Markets

CFTC fines TotalEnergies Trading $48 million for attempted market manipulation

The U.S. commodity markets regulator on Tuesday ordered the Swiss energy trader TOTSA TotalEnergies Trading SA to pay a $48 million fine, alleging that the company had attempted to

CFTC fines TotalEnergies Trading $48 million for attempted market manipulation
Business|Finance|Technology

Self-driving truck company TuSimple settles fraud lawsuit for $189 million

TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record

Self-driving truck company TuSimple settles fraud lawsuit for $189 million
Economy|Finance

Chicago and NY Fed directors favored discount rate cut in July

By Michael S.

Chicago and NY Fed directors favored discount rate cut in July
Americas|Business|Economy|Finance

U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and conducted by professors at California Lutheran University and UCLA

U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds
Finance|Stock Markets

Nvidia results could spur record $300 billion swing in shares, options show

Traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in the shares of the world's

Nvidia results could spur record $300 billion swing in shares, options show
Business|Finance|Stock Markets

Vale shares rise as markets welcome CEO appointment

Shares of Vale rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner's next CEO, starting next year.

Vale shares rise as markets welcome CEO appointment
Americas|Business|Finance|Stock Markets

BBVA's Colombian unit issues ordinary shares worth $217.9 million

The Colombian unit of bank BBVA has issued ordinary shares worth 877 billion pesos ($218 million), the Colombian stock exchange said in a statement on Tuesday.

BBVA's Colombian unit issues ordinary shares worth $217.9 million
Asia|Business|Finance

China Evergrande's EV arm warns of bigger first-half loss on impairment provisions

The electric vehicle unit of embattled real estate developer China Evergrande said on Tuesday it expected to report a bigger loss for the first half of 2024, reflecting an increase in

China Evergrande's EV arm warns of bigger first-half loss on impairment provisions
Business|Economy|Finance|News

Nordea Bank reaches $35 million settlement with New York tied to Panama Papers

Nordea Bank agreed to pay a $35 million civil fine to settle charges by a top New York regulator that the Finland-listed bank failed to properly police money

Nordea Bank reaches $35 million settlement with New York tied to Panama Papers
Business|Economy|Finance|News

Unemployment rate is now Fed's undisputed lodestar: McGeever

Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both

Unemployment rate is now Fed's undisputed lodestar: McGeever
Business|Finance|Technology

Hindenburg takes aim at AI server maker Super Micro with short position

Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged "accounting manipulation" at the AI server maker, the latest by the short seller whose reports

Hindenburg takes aim at AI server maker Super Micro with short position
Business|Economy|Finance

Mexico central bank has growing inflation challenge: extortion

Beyond the common challenges like currency fluctuations and supply shocks that keep the world's central bankers up at night,

Mexico central bank has growing inflation challenge: extortion

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