Nvidia’s Surging Revenue in Third Quarter Driven by Singapore Sales In a surprising revelation, Nvidia revealed that 15% of its third-quarter revenue, totaling $2.7 billion, came from Singapore. This represents a 404.1% increase from the previous year and makes Singapore the fourth-largest contributor to Nvidia’s sales, after the U.S., Taiwan, and China including Hong Kong….
Robinhood CEO, Vlad Tenev is standing firm on the company’s use of the payment for order flow (PFOF) model. Despite criticism from consumer trading advocates and regulators, Tenev defended the practice, stating that it is “inherently here to stay.” PFOF involves routing trades through market-makers like Citadel Securities in exchange for a cut of the…
Robinhood, a major player in the online investments app world, has announced a new venture into the U.K. market for the third time. The company plans to launch its platform in early 2024, offering features such as access to 6,000 U.S. stocks and 24-hour trading five days a week. Although Robinhood won’t initially offer U.K….
Salesforce Shares Rise 7% in Extended Trading After Strong Fiscal Third Quarter Results At the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, Salesforce CEO Marc Benioff participated in a discussion about AI and the future. This was followed by an announcement that Salesforce shares increased by 7% in extended trading on Wednesday due…
Okta Data Breach Exposes Customers to Increased Cybersecurity Risks In a recent letter to clients, cybersecurity firm Okta admitted that hackers who compromised their customer support system stole data from all users, a far more significant breach than initially believed. This expanded scope now puts customers at risk of heightened attacks or phishing attempts, according…
Apple has informed Goldman Sachs that it plans to end its credit card and savings account partnership within the next 12 to 15 months. This news comes from a source familiar with the matter who spoke with CNBC’s Leslie Picker. This planned move would terminate one of the most high-profile partnerships between a bank and…
Amazon takes on Microsoft and Google with new chatbot, Q, which was announced on Tuesday at the Reinvent conference in Las Vegas. The chatbot, named after the character in the James Bond movies, is powered by artificial intelligence and designed to help users in the workplace. It will be available for free during the preview…
Anson Funds pushes for sale of Twilio, builds $50 million stake: Sources Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company’s board pushing for the sale of the entire business, a person familiar with the matter told CNBC. Twilio shares rose around 3% on the…
Amazon is revolutionizing its palm-scanning technology with the launch of Amazon One Enterprise, designed for corporate use. This palm-based system will allow employees to swipe their hand to gain access to offices or sensitive information. Several companies, including IHG Hotels and Resorts, Boon Edam, and Kone, have already embraced this biometric technology, which Amazon claims…
Wells Fargo Securities has officially released its forecast for the stock market in 2024. Chris Harvey, the head of equity strategy at the firm, has set a year-end target for the S&P 500 at 4,625, but he anticipates a volatile path to reaching that goal. Harvey expressed caution about the market’s performance in the first…
