Nvidia is sporting growth one tech CEO says hasn’t been seen ‘in the history of capitalism’
One tech CEO remarked that Nvidia’s ability to post $22.6 billion in quarterly data-center revenue, after having seen just $4.3 billion a year before, is simply one-of-a-kind growth.
Rollback in IRA’s EV credits would benefit China, says GM board member
Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. “I think we risk losing the auto manufacturing share to China. We really do, globally,” McNeill, a former Tesla president and cofounder and CEO of DVx Ventures, said Wednesday […]
Target, Walmart, McDonald’s cut prices and offer deals
A “low price” sign hangs from a shelf at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target‘s weak quarterly earnings underscored why it cut prices on thousands of household staples: It’s struggling to win over bargain hunters. The discounter is not alone. Target’s first-quarter results on Wednesday […]
401(k) millionaires surged 43% in the past year — here’s how long it took them to reach $1 million
Becoming a 401(k) millionaire doesn’t happen overnight. Here’s how many years it took, on average.
Warner Bros. Discovery, ESPN strike College Football Playoff deal
ESPN college football broadcast camera on display prior to the All State Sugar Bowl playoff game between the Texas Longhorns and the Washington Huskies on Monday, January 1, 2024 at Caesars Superdome in New Orleans, LA. Nick Tre. Smith | Icon Sportswire | Getty Images In a move to strengthen its sports offerings, Warner Bros. […]
New energy sources for AI, data centers are vital to U.S. national security
Government must revamp energy policies to keep the nation’s power grid running.
Customers say they can’t access funds
Sarinyapinngam | Istock | Getty Images A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse, an Andreessen Horowitz-backed startup that serves as a middle man between customer-facing fintech […]
E.l.f. Beauty (ELF) earnings Q4 2024
E.l.f Beauty products. Courtesy: e.l.f Beauty E.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer’s shares fell as it said it expects its growth to slow. The eyes, lip, face company, known for its viral marketing and prowess in winning over younger consumers, issued guidance that came […]
Buy-now-pay-later will be regulated like credit cards under new Biden rule. Here’s what shoppers should know.
The growing number of people who use buy-now-pay-later loans are poised to receive stronger protections when they want their money back, the federal consumer watchdog said Wednesday.
Pfizer announces new cost cutting program
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. Kena Betancur | Corbis News | Getty Images Pfizer on Wednesday said it has launched a new multi-year program to reduce costs as it works to rebound from the rapid decline of its Covid business. The announcement is in addition […]
