Markets
Nvidia released its earnings report on Wednesday and projected that fourth-quarter sales were above Wall Street estimates, but investors balked as those figures fell short of the lofty expectations the artificial intelligence (AI) giant has garnered during its historic rise. Nvidia forecast fourth-quarter revenue of $37.5 billion, plus or minus 2%,…
Indian billionaire Gautam Adani has been charged in a massive bribery scheme.US prosecutors allege he and his execs bribed Indian government officials to secure energy contracts.Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege.Prosecutors brought bribery charges against billionaire Gautam Adani, one of the…
In what would be the first role of its kind, President-elect Trump is mulling a position dedicated solely to cryptocurrency policy, FOX Business has learned. It’s unclear if the role would be a czar type or a White House staff role, but the individual would have the president’s ear, according…
North Korea appears to have transferred different types of artillery systems to Russia.These are systems that have long threatened South Korea.The development comes as North Korean troops are fighting against Ukraine on behalf of Russia.North Korea appears to have sent its big guns to Russia, furthering its support of Moscow’s…
ElevenLabs is raising new funding, boosting its valuation to over $3 billion, according to multiple sources. The startup offers tools for creating voice agents that mimic the user’s own voice.ElevenLabs is well-funded, but OpenAI’s secretive voice project could pose a major threat.ElevenLabs, a startup that can recreate a person’s voice…
The best three performing exchange-traded funds of 2024 have one thing in common: each is linked to AI super-stock Nvidia. T-Rex 2X Long NVIDIA Daily Target ETF and GraniteShares 2x Long NVDA Daily ETF have advanced more than 400% each, while Direxion Daily NVDA Bull 2X Shares is up over 350%,…
Target’s third-quarter results came up short, with sales growth of 0.3% from last year.The company described a shift in consumer spending from “resilient” to “resourceful.”Now, they’re waiting “until the last moment of need, focusing on deals, and then stocking up,” CEO Brian Cornell said.Target has described US households as “resilient”…
Just in time for the busy holiday travel season, Uber has come out with a new ride option.For those who don’t travel light, the new XXL Uber option comes with “larger trunk space” for more luggage.It’s only available for rides to and from airports, currently serving 60 airports worldwide.For those…
This article is part of “Workforce Innovation,” a series exploring the forces shaping enterprise transformation.When Wex, a payments platform based in Portland, Maine, set an ambitious goal to double its revenue, to $5 billion, within five years, it recognized that achieving this would require changes in its operational approach and…
CNBC anchors projected an air of mild panic about the news that Comcast would spin off the network.The media conglomerate announced it would create a new entity for most of its cable networks.Some NBCU insiders worry about the new entity’s prospects and potential staff cuts.CNBC anchors turned their signature irreverent…
