Nvidia, the leading chipmaker, saw its shares surge by 6% in after-hours trading on Wednesday following its impressive fiscal second-quarter results. The company not only surpassed earnings estimates but also provided an optimistic outlook for the current period. Here is a closer look at Nvidia’s performance in the quarter ending July 30: Impressive Financial Results
World
The case of John and Roman Cresto serves as a cautionary tale for consumers and investors in the e-commerce industry. These brothers presented themselves as experts in selling on platforms like Amazon and Walmart, offering courses and services that promised success. However, their success was built on lies and deception, as federal regulators later discovered.
Spirits were high when Dutch payments firm Adyen went public on the Amsterdam Stock Exchange in 2018. With the booming growth of Europe’s technology sector and its increasing dominance over PayPal, Adyen seemed poised for success. However, the company has faced numerous challenges since then, including the impact of the global pandemic on travel clients.
Bitcoin, the world’s most popular cryptocurrency, has once again demonstrated its volatile nature with a sudden and unexpected tumble. This recent decline, which saw the price of Bitcoin drop as much as 9%, caught investors off guard and raised concerns about the market’s stability. While volatility has been a defining characteristic of Bitcoin, it has
The Ukrainian counteroffensive, which commenced in June as a response to Moscow’s invasion, has encountered significant obstacles. Despite receiving support from Western allies in the form of tanks, artillery, and other equipment, Ukrainian forces have been unable to achieve a substantial breakthrough. This lack of progress has prompted questions regarding what additional measures are necessary
Recently, Russia claimed that it had downed a Ukrainian drone in the center of Moscow. Moscow mayor Sergei Sobyanin reported that the drone debris fell near the Expocentre Fairgrounds, which is located in the Moscow City complex. This complex is home to multiple Russian government agencies. However, there has been no independent verification of these
Russia has been facing rising inflation and a plunging currency, which has highlighted a growing disagreement between the Kremlin and the country’s central bank. In response to the rapid depreciation of the ruble currency, the Central Bank of Russia (CBR) held an emergency meeting and decided to increase interest rates by a significant 350 basis
The recent data release from the UK Office for National Statistics has shown a significant cooling in headline inflation for July, with an annual rate of 6.8%. While this reading aligns with economists’ expectations, it still poses challenges for the Bank of England. However, it is important to note that while headline inflation has decreased,
The stock market experienced a significant decline on Tuesday as concerns about the state of the global economy, particularly in China, and a drop in U.S. banks put pressure on Wall Street. The Dow Jones Industrial Average slid by approximately 360 points, or 1%, while the S&P 500 and the Nasdaq Composite both pulled back
UBS, a Swiss bank, has agreed to pay a total of $1.4 billion in civil penalties to settle allegations of fraud and misconduct in its offering of residential mortgage-backed securities (RMBS) dating back to the global financial crisis. The settlement was announced by federal prosecutors, while UBS described it as a resolution to a “legacy