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News
Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update
14+ hour, 13+ min ago (260+ words) NEW YORK – The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week. The central bank will close out its two-day meeting on Wednesday and could raise its benchmark interest rate in an…...
Nvidia to spend $13 billion on Hugging Face, leaving it as an open source platform
1+ week, 2+ day ago (298+ words) Computer chip company Nvidia is buying artificial intelligence software platform Hugging Face for $12.93 billion. Nvidia CEO Jensen Huang wrote in a blog post Thursday that more than 18 million developers, researchers and creators use Hugging Face to share more than 3 million…...
Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says
1+ week, 4+ day ago (122+ words) MySA The official, who briefed reporters on the expected announcement, said that the companyâs officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday where the new investment will be formally unveiled The official spoke under…...
Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots
1+ week, 5+ day ago (470+ words) HONG KONG – Shares in fast-fashion online retail giant Shein lost around 10% after it began trading on Hong Kong’s stock market Tuesday, after a long delay in the company’s plans to list its shares publicly. Shein raised about $1.7 billion, priced at…...
The Big Oil Problem That May Be with Us Once the Iran War Is Over
2+ week, 5+ day ago (324+ words) Since the beginning of the war in Iran there have been lots of oil wells that have been shut down because there's nowhere to keep the oil. When combined with significant bombing of storage tanks, refineries and pipelines, it's becoming…...
Walmart strong again in second quarter, but its outlook is reserved
3+ week, 2+ day ago (419+ words) NEW YORK – Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year. Shares slid 6% before the opening bell. Comparable sales in U.S. stores, those coming from stores open…...
Home Depot sales lifted by customers focusing on smaller projects, but sticks with previous outlook
3+ week, 4+ day ago (444+ words) Home Depot’s sales improved during the second quarter as customers focused on smaller projects during the summer months with the U.S. housing sector still mired in a slump. Revenue increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall…...
SpaceX questions $1.8M in transfers in San Antonio contractor's bankruptcy
3+ week, 5+ day ago (883+ words) The bankruptcy fight between SpaceX and Alpha Building Corp. now has the space firm questioning nearly $1.8 million that it says the San Antonio general contractor moved to insiders before going under. Elon Musk-led SpaceX has asked a federal bankruptcy court…...
Wall Street week ahead: Home Depot and Walmart report earnings, minutes of Fed meeting are released
4+ week, 4+ hour ago (250+ words) NEW YORK – Wall Street will get financial updates from some of the nation's biggest retailers this week, along with more details from the Federal Reserve's most recent meeting. Home Depot reports its latest results on Tuesday, followed by Target and…...
Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter
4+ week, 9+ hour ago (420+ words) Berkshire Hathaway is increasing the size of its stake in Google's parent company and beefing up its holdings in homebuilders, according to the conglomerate's latest snapshot of its investment portfolio. The Omaha, Nebraska-based company also continued to pare its stake…...