Nvidia shares skyrocketed above $1,000 for the first time in after-hours trading following the chipmaker’s release of its fiscal first-quarter results, exceeding analyst expectations. This surge reflects a growing enthusiasm among investors for Nvidia’s performance and innovation. Nvidia’s quarterly earnings have increasingly become a litmus test for the AI market’s health, which has captured the
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Federal Reserve officials are facing uncertainty and confusion when it comes to the inflation picture in the United States. Julian Howard, lead investment director of multi-asset solutions at GAM, expressed his concerns, stating that Fed officials seem to have “no idea” about what is happening with inflation. Despite recent calls for patience in regards to
The Asia-Pacific markets experienced a downward trend on Tuesday following the surge in tech shares that propelled the Nasdaq Composite to record highs. Specifically, Nvidia shares saw an increase of more than 2% due to bullish analyst calls highlighting the company’s dominant position in the market. In anticipation of its upcoming earnings report, several Wall
Asia-Pacific markets mostly rose Monday, tracking Wall Street gains, as investors await economic data from across the region this week. China held its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively, after the country laid out measures on Friday to boost its property market. The five year LPR is the reference
The recent crash landing of a helicopter carrying Iranian President Ebrahim Raisi has sent shockwaves through Iran, with state media reporting that at least 40 rescue teams have been deployed to the scene. However, the harsh weather conditions, including heavy fog, have made it challenging for rescuers to reach the crash site. Despite the efforts
Benny Gantz, a centrist member of Israel’s War Cabinet, has issued a threat to resign from the government if a new plan for the war in Gaza is not adopted within three weeks. This ultimatum represents a significant turning point in the ongoing conflict in Gaza and could have far-reaching implications for Prime Minister Benjamin
As a young adult, Chet Kapoor harbored a dream of working alongside the tech legend, Steve Jobs. Kapoor took a leap of faith and landed an internship at NeXT, a software company founded by Jobs. While Kapoor started off as an intern, doing simple tasks like making coffee, he was just a stone’s throw away
Meta, the parent company of Facebook, is facing a major investigation from the European Union over alleged breaches of the bloc’s strict online content law concerning child safety risks. The European Commission has expressed concerns about the potential impact of Meta’s Facebook and Instagram platforms on children’s behavioral addictions and privacy risks. The European Commission
The recent assassination attempt on Slovakia’s populist Prime Minister Robert Fico has sent shockwaves across Europe. Fico, aged 59, was shot multiple times and is currently in a life-threatening state. The incident took place after a government meeting in the central Slovakian city of Handlova. Fico was quickly transported by helicopter to a hospital in
Alibaba, the Chinese e-commerce giant, faced a significant setback in its fiscal fourth quarter when its net profit took a nosedive. The company reported revenue of 221.9 billion yuan ($30.7 billion) compared to the LSEG consensus estimate of 219.66 billion yuan. However, net income attributable to ordinary shareholders plummeted by 86% year on year, causing