Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Nvidia’s CEO, Jensen Huang, has reason to be concerned about other chipmakers, like AMD. But he’s not worried about Nvidia’s own big
Month: August 2019
A customer pushes a full cart at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is set to report second-quarter earnings before the bell on Thursday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share, adjusted: $1.22 Revenue: $130.11 billion Same-store sales: up 2.1% Additional
Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Nvidia jumped as much as 7% after the chipmaker announced better-than-expected second-quarter earnings. The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected earnings per share
General Electric shares fell more than 11% Thursday after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report, accusing it of issuing fraudulent financial statements to hide the extent of its problems. A website has been set up to disseminate the report, www.GEfraud.com, where Markopolos calls it “a bigger fraud than Enron.” The
kate_sept2004 | E+ | Getty Images If you are worried about a possible recession on the horizon, there are some financial moves you can make to help protect yourself. Those concerns flared up on Wednesday after a warning signal came from the bond market. At one point during the trading session, the benchmark 10-year Treasury
This week, the U.K.’s Financial Times covered an important and overlooked aspect of how the U.S. treats its elders: bankruptcy. Stories of seniors filing for bankruptcy are heartbreaking and uncomfortable, so I am not surprised that it took a correspondent paid by a foreign newspaper (Patti Waldmeir) to tell this American story from the lobbies of
If WeWork CEO Adam Neumann does not contribute at lease $1 billion to chartiable causes in ten-years he will lose some of his super-voting rights. Kelly Sullivan/Getty Images For an organization dedicated to community, WeWork has handed a stunning amount of control—and cash—to one person. The company’s s-1 filing yesterday shows that chief executive Adam
With online banking services, companies can save both time and resources while also keeping track of their expenses in a convenient and cost-efficient way. Gone are the days when a company representative had to go to the bank in-person to deposit a check or withdraw cash for wages, as all of these operations can now
Nvidia stock rose 7% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings. Here’s what the company reported: Earnings: $1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv. Revenue: $2.58 billion, vs. $2.54 billion as expected by analysts, according to Refinitiv. Nvidia’s revenue fell
Victor Luis, CEO of Tapestry Adam Jeffery | CNBC Tapestry forecast a surprise fall in first-quarter revenue and profit on Thursday, as the high-end fashion house struggles with sluggish demand for its Kate Spade handbags, sending its shares down 6%. The company has had problems integrating the millennial-focused Kate Spade brand, which it bought in
A Japanese flag flies atop the Bank of Japan (BOJ) headquarters in Tokyo, Japan Yuriko Nakao | Bloomberg | Getty Images Japan surpassed China as the largest foreign holder of U.S. Treasury securities in June. Japan has added about $21 billion since May, making its holdings the largest since October, 2016. Japan now holds $1.12
The Hennessey Venom F5 concept vehicle is displayed during the 2018 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 26, 2018. David Paul Morris | Bloomberg | Getty Images Thousands of classic car fans are rolling onto California’s Monterey Peninsula for what has become one of the year’s most eagerly awaited
Pedestrians pass in front of the New York Stock Exchange, May 24, 2019. Michael Nagle | Bloomberg | Getty Images Volatility is back on Wall Street. The average daily point range of the Dow Jones Industrial Average so far this month is about 482 points, which is more than double the average daily range from
Maskot | Maskot | Getty Images It’s only August, yet college students’ best chance at a decent financial aid package is right around the corner. Oct. 1 marks the first day for students and their families to apply for grants and other aid for the 2020-2021 school year through the Free Application for Federal Student
Will you be richer if you run away from your Equinox gym membership? MediaNews Group via Getty Images This is an article delves into a few financial planning questions I’ve meant to answer for quite some time. Is Equinox worth the astronomical monthly dues? Would the gay community be better off saving that money for retirement? Will
Plastic palm trees and doo-wop styling create the character of the Starlux Hotel Morey Family Archives If you love graphic turquoise wallpaper, kidney-shaped coffee tables, lava lamps and plastic palm trees, then you must spend at least one night at the Starlux. Part of the Morey’s Piers complex, which is celebrating its 50thanniversary, the boutique
Masses of vehicles on November 22, 2017 in Chicago, Illinois. (Photo by Patrick Gorski/NurPhoto via Getty Images) Patrick Gorski/NurPhoto Economists love carbon taxes. According to polls, so do roughly two-thirds of Americans. Yet voters in one of the bluest states in the nation, Washington State, twice rejected a carbon levy in recent years. What’s going
Getty Images New car sales in the largest U.S. auto market have slowed down this year as more and more drivers opt for less-expensive used cars. New vehicles sales in California dropped 5.6% in the first half of 2019, setting the state on track for full-year sales to fall short of 2 million vehicles for
J.C. Penney on Thursday reported mixed second-quarter results that showed its sales are continuing to erode. The department store chain reported a net loss of $48 million, or 15 cents a share, narrower than its loss of $101 million, or 32 cents a share, a year ago. Excluding one-time items, Penney lost 18 cents a
The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019 Alwyn Scott | Reuters Enron whistleblower Harry Markopolos released a report on General Electric on Thursday alleging the company is hiding financial problems. Before the report was made public, GE said, in a statement, “we
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