Nvidia Rocketed Revenue Earnings and Gross Margins in Third Quarter Fiscal 2024 Nvidia (NVDA) has once again exceeded sky-high expectations in its quarterly report, with revenue surging 206% year-over-year to $18.12 billion for the third quarter of fiscal 2024. This impressive performance beat analyst forecasts and reflects a 593% growth in adjusted earnings-per-share to $4.02….
Warren Buffett, the chairman and CEO of Berkshire Hathaway, has shown his philanthropic spirit once again by donating more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving. This act of generosity reassured investors in a letter that the conglomerate is “built to last.” The 93-year-old investor donated 1.5 million Class…
“Microsoft Prepares LinkedIn Offices for OpenAI Employees as Uncertain Future Looms As the status of OpenAI remains uncertain, Microsoft is taking proactive measures to ensure that the startup’s employees have a place within the company. Microsoft is making preparations to accommodate hundreds of OpenAI employees at its LinkedIn offices in downtown San Francisco. This move…
Amazon CEO Jeff Bezos is causing speculation in the market after aggressively selling a large number of shares. With rumors swirling around why Bezos is offloading his Amazon stock, investors are advised to wait before making any decisions on purchasing shares. According to CNBC, Bezos is expected to sell around 8 million to 10 million…
Stock Market Midday Report: Amazon, Burlington Stores, Medtronic, Kohl’s, and More In today’s midday market report, several companies are making significant moves, affecting their stock prices and the overall market. Here are the highlights: – Amazon: The e-commerce giant saw a 2.4% slip in its stock after reports that founder and Executive Chair Jeff Bezos…
Ford Motor Company’s original plan of a $3.5 billion battery plant in Michigan will see a significant scale-back following slower-than-expected consumer adoption of electric vehicles, rising labor costs, and overall cost-cutting by the company. The decision comes after the initial announcement in February, which garnered significant attention due to its partnership with Chinese battery manufacturer…
Abercrombie & Fitch Stock Falls Despite 20% Sales Increase On Tuesday, Abercrombie & Fitch exceeded estimates with a 20% spike in sales, driven by a strong back-to-school shopping season and growth at both its namesake brand and Hollister. However, despite the strong performance, the company’s stock fell more than 5% in premarket trading. The company’s…
Lowe’s, one of the most popular home improvement stores, recently reported a decrease in sales for the third quarter of the fiscal year. The company lowered its full-year sales outlook after a steep drop in sales, specifically in do-it-yourself projects, caused fiscal third-quarter sales to tumble nearly 13% year over year. Lowe’s now expects sales…
Plaid, a U.S. financial technology firm, announced the appointment of Brian Dammeir, former Adyen executive, as its newest head of Europe. Dammeir’s previous role of Adyen’s global head of unified commerce out of San Francisco involved leading a key part of Adyen’s business focusing on different payment experiences, including the online, in-store, and app-based, on…
China’s Property Market in Need of More Government Support to Prevent Deterioration Analysts are warning that China’s property market, a significant contributor to the country’s economy, requires further government backing to avoid further decline. In the month of October, prices for existing homes dropped by the largest margin since 2014, while outstanding property loans decreased…
