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Swissquote Analyst : Brace for more volatility
The sharp fall that wiped $279 billion off the market value of Nvidia on Tuesday, sending the Philadelphia Semiconductor Index into its biggest slump since April, is evidence of increased volatility...
September 04, 2024 at 03:37 pm EDT
Nvidia Subpoenaed in Escalating DOJ Antitrust Probe
The US Department of Justice is sending subpoenas to NVIDIA and other companies seeking evidence of antitrust violations.Bloomberg News semiconductor reporter Ian King explains that the move to...
September 03, 2024 at 05:40 pm EDT
HP Continue to Pursue $4B Damages After Mike Lynch Yacht Death
Hewlett-Packard Enterprise has decided to pursue its claim for $4bn in damages all the way. The case began in 2011, in Britain, HPE sued Lynch and his former CFO over the collapse of Autonomy, a...
September 03, 2024 at 04:33 pm EDT
Lululemon Lowers Outlook on Curbed Demand for Yoga Pants
Lululemon has revised its forecasts downwards due to falling demand for its yoga pants. Poonam Goyal, senior analyst at Bloomberg Intelligence, explains that despite good online and in-store traffic,...
August 30, 2024 at 01:19 pm EDT
Nvidia Revenue Forecast Falls Short of Estimates
-- Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, gave a revenue forecast that fell short of some of the most optimistic estimates, stoking concerns that its explosive...
August 28, 2024 at 05:06 pm EDT
Apple Makes Rare Move of Laying People Off
Apple has decided to make around 100 employees redundant in its digital services group. The redundancies appear to be linked to a shift in priorities and cost-cutting measures. Apple Books and Apple...
August 28, 2024 at 04:48 pm EDT
Abercrombie CEO on Earnings, AI, NFL Partnership
Abercrombie & Fitch is controlling its promotions, which are fewer than last year, and has recorded a double-digit increase in its average selling price since 2019. Customer buy-in and effective...
August 28, 2024 at 12:51 pm EDT
Super Micro Computer Delays 10-K Filing for FY 2024
Super Micro Computer is postponing the filing of its 10-K annual report for 2024. The company does not comment on rumours or speculation. However, the delay in filing the 10-K is no longer mere...
August 28, 2024 at 10:49 am EDT
Dino Otranto, CEO of Fortescue Metals: 90% of sales are made in China
Fortescue Metals CEO Dino Otranto discusses China's economic transformation and its impact on the company. He points out that China accounts for 90% of Fortescue's sales. He sees a transformation of...
August 28, 2024 at 04:31 am EDT
Meta Claims White House Pressure to Censor Covid Posts
Meta claims that the White House exerted pressure to censor messages on Covid. This comes as the elections approach. Content moderation has been a topic of discussion for a long time, but it seems...
August 27, 2024 at 04:44 pm EDT
Startup Cribl Raises Funding, Valued at $3.5 Billion
Startup Cribl raises funds and is valued at $3.5 billion. Cribl is a data engine for IT and security, helping customers manage massive data growth. The rate of data growth is 28% per year, but...
August 27, 2024 at 04:37 pm EDT
Fed's Daly on Rate Policy and Growth Forecast
Mary Daly points out that the Fed has been ready to adjust interest rates for several months. She points out that it was necessary to have more confidence that inflation was heading towards 2% and...
August 26, 2024 at 04:23 pm EDT
Ackman May Launch Pershing Square ETF
Bill Ackman is considering launching a Pershing Square ETF, which could mark a significant turning point for his fund. Currently, the Pershing Square fund is structured as a closed-end fund, where...
August 26, 2024 at 03:07 pm EDT
The Life and Legacy of Mike Lynch
Mike Lynch is one of the most successful technology entrepreneurs the UK has ever seen. He founded and ran one of the UK's largest technology companies, Autonomy, which was subsequently acquired in a...
August 23, 2024 at 04:24 pm EDT
Flying car experiment in China
Flying cars, once thought to be the stuff of science fiction, are becoming a reality, particularly in New York, where companies are planning to link the city centre to airports in just a few minutes....
August 22, 2024 at 05:05 am EDT
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