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Market updates
Nvidia's (NASDAQ:NVDA) Sales Forecast Falls Short of High Expectations
August 29, 2024 11:52 AM AEST| By Team Kalkine MediaNvidia (NASDAQ:NVDA), a leading chipmaker at the forefront of the artificial intelligence (AI) revolution, issued a revenue forecast that did not align with the most ambitious predictions, raising concerns that its rapid growth might be slowing. The...
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...
Berkshire Hathaway Surpasses $US1 Trillion Market Cap: Key Insights and Market Context
August 29, 2024 10:38 AM AEST| By Team Kalkine MediaBerkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) has achieved a significant milestone, becoming the first non-technology company in the U.S. to surpass a market capitalization of $US1 trillion ($1.47 trillion) as of this week. This achievement highlights...
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...
CrowdStrike’s July Results Bounced Back From Its Software Outage
August 29, 2024 08:49 AM AEST| By EODHDThe cybersecurity company’s share price was hammered after a faulty software update crashed computers around the world. Continue reading View comments
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...
CrowdStrike Cuts Guidance in Wake of Cyber Outage That Hit Millions
August 29, 2024 08:31 AM AEST| By EODHDCrowdStrike cut its outlook for the year and issued downbeat guidance for its current quarter, reflecting the impact of one of the worst computer outages ever. The cybersecurity company said Wednesday...
Chipotle Speeds Up CFO Transition After CEO Leaves for Starbucks
August 29, 2024 08:29 AM AEST| By EODHDThe company in July had promoted him to the role starting in January, succeeding Jack Hartung, the chain’s longtime financial chief. Hartung, who was planning to retire, agreed to stay on as Chipotle’...
AcariaHealth Invests in Free Goods Program, Opening Modern Specialty Pharmacy Facility in Shelby Township, Michigan
August 29, 2024 07:49 AM AEST| By EODHDWith Second Pharmacy Relocation This Year, AcariaHealth Emphasizes Commitment to Enhancing Patient Care, Empowering Employees, and Engaging Community DETROIT, Aug. 28, 2024 /PRNewswire/ -- AcariaHealt...
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
The WSJ Dollar Index Rises 0.36% to 96.25
August 29, 2024 07:21 AM AEST| By EODHD1352 GMT – Upcoming U.S. economic data could confirm the labor market is steadily cooling and support the case for Federal Reserve interest-rate cuts and a weaker dollar, Societe Generale says in a no...
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
Ford joins growing list of companies changing diversity policies after conservative pressure
August 29, 2024 07:07 AM AEST| By EODHDDEARBORN, Mich. (AP) — Ford Motor Co. has joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing pressure from conservative groups. CEO Jim Farley...
Is Vrbo’s Nick Saban Ad Trolling Airbnb Rooms?
August 29, 2024 07:01 AM AEST| By EODHDLegendary college football coach Nick Saban is the intrusive host you never want to run into in a vacation rental. Vrbo/YouTube Vrbo has a new ad featuring legendary Alabama University football coach...
Murphy Oil Corporation to Participate in Upcoming Conference
August 29, 2024 07:00 AM AEST| By EODHDHOUSTON, August 28, 2024--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, Chief Executive Officer, will present at the Barclays 38th Annual CEO Energy-Power...
Prospect Capital: Fiscal Q4 Earnings Snapshot
August 29, 2024 06:54 AM AEST| By EODHDNEW YORK (AP) — NEW YORK (AP) — Prospect Capital Corp. (PSEC) on Wednesday reported earnings of $29.6 million in its fiscal fourth quarter. On a per-share basis, the New York-based company said it had...
Five Below Fiscal Q2 Adjusted Earnings Fall, Sales Rise; Updates Fiscal 2024 Outlook; Shares Up After Hours
August 29, 2024 06:50 AM AEST| By EODHDFive Below Fiscal Q2 Adjusted Earnings Fall, Sales Rise; Updates Fiscal 2024 Outlook; Shares Up After Hours
