Shares of Nvidia kicked off Tuesday at an unprecedented peak, with investors flocking to the trillion-dollar company, reaping exceptional stock gains as it capitalizes on the artificial intelligence surge, leaving competitors trailing far behind. A Remarkable Rally Nvidia’s stock surged by as much as 3% to reach $481.87, extending its 8% climb from the previous…
China’s Baidu Inc. has exceeded second-quarter revenue estimates, riding on a resurgence in advertising expenditure after the pandemic-induced slump. The company’s robust performance is attributed to the revival of digital advertising spending following the relaxation of COVID-19 restrictions, driving economic recovery. Baidu, known for operating China’s most popular search engine, generates the bulk of its…
Earnings Highlights Lowe’s Companies, Inc. (NYSE: LOW) recently released its financial results for the second quarter ended August 4, 2023. The company reported net earnings of $2.7 billion, translating to diluted earnings per share (EPS) of $4.56. This compares to the diluted EPS of $4.67 reported for the second quarter of 2022. Sales Performance During…
X, formerly Twitter and now owned by Elon Musk, plans to test out a new method for displaying news links without a headline or description. Fortune reported that the social network will only display the link and the header image in a post. Musk confirmed the action in a Monday blog post and stated that…
On Monday, the yield on the average US government bond hit its highest level since 2007. This was because investors were worried about the future of interest rates before this week’s big Federal Reserve meeting. As investors increased their bets that rates would stay high for longer, the yield on the 10-year benchmark bond rose…
Beijing intended to cool its housing market, but the repercussions from debt-laden developers and falling sales spread to the broader economy, creating a larger problem. A type In a market saturated with risk-takers, a Chinese real estate developer is on the verge of default. Due to a lack of funds, one of China’s largest asset…
The price of natural gas rose above Friday’s peak as a result of the failure of Australia’s negotiators to reach an accord. The port authorities and employees at one of the most important LNG terminals in Australia are unable to reach a wage agreement. If no agreement is reached by the first week of September,…
Meta is Preparing to Launch the Web Version of the Threads App, Transforming Online Conversations The Wall Street Journal says that Meta will unveil the web version of Threads, its rival to X (formerly known as Twitter), early this week. It has been frustratingly lacking a web version ever since the short-form posting service started….
As the second-largest economy in the world battles to recover from the effects of the pandemic, China’s central bank has reduced one of its main interest rates for the second time in three months. The prime rate for a one-year loan from the People’s Bank of China (PBOC) was reduced from 3.55% to 3.45%. A…