The number of Americans filing new claims for unemployment benefits rose slightly last week but remained well below expectations, reinforcing signs that the US labour market continues to expand at a steady, if subdued, pace. Initial claims for state unemployment benefits increased by 1,000 to a seasonally adjusted 200,000 in the week ended January 17, […]
Nvidia CEO Jensen Huang is the latest tech leader to champion skilled trades over traditional office careers, suggesting the AI boom will create “six-figure salaries” for the workers building the infrastructure to support it. Speaking at the World Economic Forum in Davos on Wednesday, Huang, a leading figure in the field of artificial intelligence, expressed […]
Nvidia’s stock remains stuck, with shares struggling to regain upward momentum despite the continued expansion of artificial intelligence investment across the technology sector. The lack of sustained gains reflects a broader rotation away from megacap technology stocks, as well as lingering uncertainty around Nvidia’s exposure to China. Nvidia shares were up around 0.8% at $185.02 […]
Intel stock (NASDAQ: INTC) are pulling back Thursday as Wall Street positions ahead of the chipmaker’s highly anticipated quarterly earnings report due after the bell. The investors seem to be taking profits after a stunning 11.7% rally on Wednesday and repositioning for results that could reset expectations for the company’s recovery. The stock is down […]
Elon Musk’s SpaceX has begun lining up senior roles at four major Wall Street banks as it races toward a potentially record-breaking initial public offering. As per a Financial Times report, Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are being positioned for lead underwriting roles in what would rank as one of […]
President Donald Trump filed a lawsuit against JPMorgan Chase and CEO Jamie Dimon on Thursday seeking at least $5 billion in damages, alleging that the bank closed his accounts for political reasons following the January 6, 2021, Capitol events. The complaint, filed by Trump’s attorney Alejandro Brito, accuses the nation’s largest bank of trade libel, […]
European markets steadied after Donald Trump abruptly shelved threatened “Greenland tariffs,” lifting the FTSE 100 and broader Stoxx 600 as investors rotated back toward risk. In the UK, Vanguard undercut Labour’s domestic-investment push by cutting “home bias” across its LifeStrategy range despite fee reductions. Meanwhile, fresh data shows Europe still piled into US Treasuries through […]
Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new […]
Advanced Micro Devices (NASDAQ: AMD stock) continued the rally on Thursday after Wall Street’s most bullish analysts unleashed fresh upgrades focused on extraordinary demand for the chipmaker’s server processors. KeyBanc Capital Markets analyst John Vinh told clients that demand from hyperscalers has left AMD nearly depleted of server CPUs for the entire year, a constraint […]
Intel Corp. shares fell as much as 5% in after-hours trading on Thursday after the chipmaker issued a first-quarter outlook that missed Wall Street expectations, tempering optimism around its long-awaited turnaround. The company forecast first-quarter revenue of about $12.2 billion at the midpoint of its guidance, below the $12.6 billion average estimate compiled by Bloomberg. […]