raises
Investing.com– Artificial intelligence darling Nvidia’s shares fell on Friday following the launch of Chinese generative AI program DeepSeek last week, which claimed to be able to outperform rival offerings at a fraction of their cost. NVIDIA Corporation (NASDAQ:) shares fell more than 3% to $142.62 on Friday, although they still…
By Nelson Bocanegra BARRANCABERMEJA, Colombia (Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with…
The International Energy Agency (IEA) has revised its oil demand projections upward for 2025, attributing the increase to the economic stimulus measures in China. The Paris-based organization now expects global oil demand to expand by 1.1 million barrels per day in 2025, up from the previous estimate of 990,000 barrels…
Investing.com — OPEC is set to meet this week, and the group’s next decision could have notable implications for global markets, according to Macquarie strategists. The organization’s meeting this week comes at a time of heightened uncertainty, and should it decide to increase supply, strategists believe “the scales would tilt…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration raised concerns about Tesla (NASDAQ:) social media posts that suggested its Full Self-Driving software can be used as a robotaxi and does not need driver attention. NHTSA in October opened an investigation into 2.4 million Tesla vehicles with FSD…
Four states — Alaska, California, Massachusetts, and Missouri — are voting on some form of minimum wage hike.In Missouri, voters opted to raise the minimum wage.Workers in other states are still waiting to see how their pay might change. Pay is on the ballot, and some workers are set to…
Electronic Arts Inc . (NASDAQ:) announced a robust second-quarter fiscal year 2025 performance on October 29, 2024, with CEO Andrew Wilson and CFO Stuart Canfield reporting a record $2.08 billion in net bookings, marking a 14% increase from the previous year. The success was primarily attributed to the company’s sports…
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper its ability to meet strong demand for AI chips, while the PC market grows more slowly than some investors expected. Shares of the Santa Clara,…
Thermo Fisher Scientific Inc. (NYSE:), a leader in serving science, reported a robust financial performance in its 2024 third-quarter earnings call on [date]. The company announced a revenue of $10.6 billion and an adjusted operating income of $2.36 billion, leading to an adjusted earnings per share (EPS) of $5.28. Thermo…
SAP SE (ETR:) (SAP) has reported strong financial results for the third quarter of 2024, with notable increases in cloud revenue and operating profit. The company’s current cloud backlog surged by 29% to EUR 15.4 billion, while cloud revenue rose by 27% to EUR 4.4 billion. SAP’s Cloud ERP Suite…
