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Market updates
Nvidia’s stumbles may ease CEOs’ AI anxiety
August 29, 2024 08:12 PM AEST| By EODHDGood morning. At the start of this year, when chipmaker Nvidia was a slip of a thing that hovered around $48 a share, conversations about AI felt tinged with existential angst. Many leaders said they...
He Raised Disney Park Prices—and Fans Still Love Him. Now He’s on the CEO Shortlist.
August 29, 2024 07:30 PM AEST| By EODHDJosh D’Amaro, head of the entertainment giant’s theme-park division, is in contention to succeed Bob Iger. Continue reading View comments
Market Chatter: Intel Chief Executive Pat Gelsinger Asked for Details on Layoffs by US Senator Despite Major Planned Awards, Reuters Reports
August 29, 2024 07:11 PM AEST| By EODHDMarket Chatter: Intel Chief Executive Pat Gelsinger Asked for Details on Layoffs by US Senator Despite Major Planned Awards, Reuters Reports
AP Top Extended Financial Headlines at 4:54 a.m. EDT
August 29, 2024 02:00 PM AEST| By EODHDTesla says its vehicles that are equipped with the latest versions of its vaunted “Full Self-Driving” system can travel from point to point with little human intervention View comments
Reliance boosts Indian shares to record, Nifty logs longest gaining streak in 17 years
August 29, 2024 12:54 PM AEST| By EODHDIndia's equity benchmarks hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries , which plans to step up the adoption of AI and issue bonus shares.
Asian shares track Wall Street futures lower as Nvidia disappoints
August 29, 2024 12:30 PM AEST| By EODHDBy Stella Qiu SYDNEY (Reuters) - Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield c...
Nations building their own AI models add to Nvidia's growing chip demand
August 29, 2024 11:35 AM AEST| By EODHDBy Arsheeya Bajwa (Reuters) - Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage...
Nvidia Reports Strong Quarter Amid Investor Jitters Over AI Boom’s Staying Power
August 29, 2024 10:43 AM AEST| By EODHDThe AI chip giant said sales in the three months through July more than doubled from a year earlier to $30 billion. Nvidia’s profit also more than doubled to $16.6 billion. Continue reading View comme...
Salesforce CEO on robot sales agents, Microsoft's AI letdowns, and big earnings beat
August 29, 2024 10:20 AM AEST| By EODHDA bounce-back quarter for Salesforce (CRM). Shares of the SaaS company popped 4% in after-hours trading on Wednesday as it bested Wall Street estimates on sales, operating margins, and earnings. The r...
US senator presses Intel CEO on chips award after job cut plan
August 29, 2024 08:42 AM AEST| By EODHDBy David Shepardson WASHINGTON (Reuters) - Republican Senator Rick Scott on Wednesday asked Intel CEO Pat Gelsinger for more details on the company's plans to cut more than 15,000 jobs despite being s...
Salesforce Stock Rises As Earnings, Revenue, Operating Margin Beat
August 29, 2024 07:41 AM AEST| By EODHDSalesforce stock rose after the enterprise software maker reported Q2 earnings, revenue and operating margin that topped estimates. Continue reading View comments
Salesforce Finance Chief Weaver to Step Down
August 29, 2024 07:39 AM AEST| By EODHDAmy Weaver has decided to step down from her role, but will remain CFO until a successor has been appointed, the company said. Continue reading View comments
Exclusive-Tesla asked Canada for lower tariff on China-made EVs, government source says
August 29, 2024 07:17 AM AEST| By EODHDBy David Ljunggren OTTAWA (Reuters) - Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a C...
TC Energy Announces South Bow's Closing of $7.9 billion Notes Offering for Liquids Pipelines Spinoff
August 29, 2024 07:13 AM AEST| By EODHDTC Energy Announces South Bow's Closing of $7.9 billion Notes Offering for Liquids Pipelines Spinoff
Salesforce Stock Advances After Outlook Raise, Strong Quarterly Sales
August 29, 2024 06:35 AM AEST| By EODHDSalesforce shares erased trading day losses after the company raised full-year earnings guidance and logged strong second-quarter results. The business software provider said after the bell that reven...
Nvidia stock slips after earnings, forecasts top estimates amid 'incredible' demand for its next-gen chip
August 29, 2024 06:24 AM AEST| By EODHDAI juggernaut Nvidia (NVDA) reported its second quarter earnings after the bell on Wednesday, beating expectations on the top and bottom line, and beating on anticipated guidance for the coming quarte...
HP prints an earnings miss, CEO weighs in on AI PCs and cost cuts
August 29, 2024 06:16 AM AEST| By EODHDHP Inc. (HPQ) printed an earnings miss for its most recent quarter, but it's CEO says the tech giant is poised to put out better results as AI PCs ramp up and the company cuts costs. CEO Enrique Lores...
Breezeline Provides Internet Connectivity at Stonington Community Center in Connecticut
August 29, 2024 06:11 AM AEST| By EODHDBreezeline Breezeline’s donation enables increased accessibility to technology for local residents Breezeline supports technology needs at Stonington Community Center Representatives from Breezeline a...
Salesforce.com: Fiscal Q2 Earnings Snapshot
August 29, 2024 06:09 AM AEST| By EODHDSAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal second-quarter earnings of $1.43 billion. The San Francisco-based company said it had profit of $1.47 p...
Funds Are Loading Up On Nvidia Chipmaker, Costco Stock, Magnificent Seven Member Amazon
August 29, 2024 06:05 AM AEST| By EODHDIn the current stock market rally, funds are loading up on Nvidia chipmaker TSMC, Costco stock and Magnificent Seven member Amazon. Continue reading View comments
Canadian AI All-Stars: Unveiling the Top Stocks for 2025