Market updates

Nvidia’s Future Relies on Chips That Push Technology’s Limits
August 30, 2024 02:13 PM AEST| By EODHDAs the company pushes the chip-making envelope, manufacturing hurdles are causing delays and higher costs. Continue reading View comments

Uber CEO says growth in South Korea promising despite underdog status
August 30, 2024 01:01 PM AEST| By EODHDSEOUL (Reuters) - Uber Technologies Inc's CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and said the platform will attract more taxi...

Google to open second data center in Latin America, to invest over $850 million
August 30, 2024 12:52 PM AEST| By EODHD(Reuters) - Alphabet's Google said on Thursday it will open its second data center in Latin America in the Uruguayan city of Canelones and invest more than $850 million in it. Google opened its first...

Valaris to Present at the Barclays CEO Energy-Power Conference
August 30, 2024 11:00 AM AEST| By EODHDHAMILTON, Bermuda, August 30, 2024--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at...

Lululemon to fast-track hot new styles after 'Breezethrough' fiasco
August 30, 2024 10:38 AM AEST| By EODHDBy Savyata Mishra (Reuters) - Eager to move on from embarrassing reviews of its "Breezethrough" leggings that led Lululemon Athletica to pull them off shelves, the pricey athleisure maker on Thursday...

Nikkei Steady Amid Mixed Wall Street’s Performance
August 30, 2024 10:26 AM AEST| By EODHDNEWSPLUS 0017 GMT — Japan’s Nikkei Stock Average is little changed at 38379.06 amid mixed Wall Street’s performance overnight. Local equity markets could also be vulnerable to some volatility caused b...

Character.AI lays off at least 5% of its staff, The Information reports
August 30, 2024 10:00 AM AEST| By EODHD(Reuters) - Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders. The employees who were laid off mostly wor...

Amazon Loses Bid to Overturn Union Loss
August 30, 2024 09:40 AM AEST| By EODHDThe National Labor Relations Board denied the company’s request the overturn the results of a 2022 election in which workers voted to unionize a Staten Island warehouse. Continue reading View comments

Emergent BioSolutions’ ACAM2000®, (Smallpox and Mpox (Vaccinia) Vaccine, Live) Receives U.S. FDA Approval for Mpox Indication; Public Health Mpox Outbreak Continues Across Africa & Other Regions
August 30, 2024 08:53 AM AEST| By EODHDEmergent BioSolutions GAITHERSBURG, Md., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced that the U.S. Food and Drug Administration (FDA) has approved the supp...

Perseus Mining appoints Rick Menell as independent Non-Executive Chairman
August 30, 2024 08:40 AM AEST| By EODHDPerseus Mining Limited Perth, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Perth, Western Australia/ August 30, 2024/Perseus Mining Limited (ASX/TSX:PRU) is pleased to advise that of the Company’s Board of Direc...

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers
August 30, 2024 07:59 AM AEST| By EODHDOMAHA, Neb. (AP) — Dispatching errors combined with the failure of two backup systems allowed a Union Pacific train to slam into 75 railcars that had been parked on a side track for nine months in Sou...

Chipmaker Marvell Tech beats quarterly revenue estimates amid AI surge
August 30, 2024 07:11 AM AEST| By EODHDBy Juby Babu (Reuters) - Chipmaker Marvell Technology surpassed expectations for quarterly revenue and forecast third-quarter results above Wall Street estimates on Thursday, on the back of strong dem...

SoundHound AI To Participate in Investor Events in September
August 30, 2024 07:06 AM AEST| By EODHDSANTA CLARA, Calif., August 29, 2024--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, announced today that it will participate in the following i...

Dow Hits Closing Record as Markets Analyze Macro Data, Earnings
August 30, 2024 06:55 AM AEST| By EODHDDow Hits Closing Record as Markets Analyze Macro Data, Earnings

Dell Technologies Second-Quarter Earnings Unexpectedly Rise; Revenue Tops Views
August 30, 2024 06:53 AM AEST| By EODHDDell Technologies Second-Quarter Earnings Unexpectedly Rise; Revenue Tops Views

Autodesk raises annual revenue and profit forecasts on strong design software demand
August 30, 2024 06:53 AM AEST| By EODHD(Reuters) - Autodesk raised its forecast for fiscal 2025 revenue and profit on Thursday, citing robust spending on its design software amid signs of an easing economy, sending shares up more than 5% i...

Nvidia Stock Drops Despite Bullish Analyst Calls For AI Chipmaker
August 30, 2024 06:51 AM AEST| By EODHDA host of Wall Street firms raised their price targets on Nvidia stock after the company's beat-and-raise quarterly report. Continue reading View comments

Dow Industrials Hit New Record, but Nasdaq Dragged Lower by Nvidia
August 30, 2024 06:42 AM AEST| By EODHDThe stock market escaped disappointing Nvidia results largely unscathed. The S&P 500 was roughly flat and the Nasdaq Composite slipped. The Dow held onto moderate gains, reaching a new record high. Co...

Ulta Beauty lowers annual forecasts on slowing demand for beauty products
August 30, 2024 06:31 AM AEST| By EODHD(Reuters) - Ulta Beauty cut its annual sales and profit forecast on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. The company's shares have already fallen...

Ulta Beauty reports disappointing earnings after Warren Buffett's Berkshire Hathaway takes stake
August 30, 2024 06:30 AM AEST| By EODHDUlta Beauty's (ULTA) glow-up may be coming to an end. On Thursday after market close, the beauty retailer reported second quarter results that missed estimates across the board. Revenue came in at $2....