Reported 10 days ago
BlackRock has responded to pressures from both U.S. Republican and Democratic officials, stating that the politicization of pension fund management undermines its fiduciary duties to clients. In a memo directed at 43 state officials, the company emphasized that concerns from both parties about its focus on climate change represent a troubling trend of political influence in managing retirement assets. BlackRock, which oversees $12.5 trillion, aims to act as an engaged shareholder but not as an activist investor, asserting that political constraints can harm pension fund performance.
Source: YAHOO
Reported 10 days ago
Despite Nvidia reporting strong earnings that beat expectations, its shares dropped by 5% in after-hours trading. The S&P 500 reached a new record high, fueled by anticipations of an imminent interest rate cut from the Federal Reserve, while other global markets showed mixed results, notably with significant declines in Chinese stocks.
Source: YAHOO
Reported 10 days ago
Mexico is set to increase tariffs on imports from China, including cars, textiles, and plastics, as part of its 2026 budget proposal, according to Bloomberg News. The proposed tariff hikes may also extend to imports from other Asian countries.
Source: YAHOO
Reported 10 days ago
Citigroup strategists suggest investors increase their positions against long-term US bonds due to concerns that President Trump may undermine the Federal Reserve's independence. They anticipate a widening yield gap between 30-year and 5-year Treasuries, leading to a steeper yield curve, as the risk of political influence on the Fed rises. The strategists have initiated this 'curve steepener' trade amidst fears that Trump's actions could increase inflation risks.
Source: YAHOO
Reported 10 days ago
U.S. stocks gained on Wednesday, with the S&P 500 reaching a record high as investors awaited Nvidia's earnings report, expected to showcase its strong performance but also the impact of U.S. trade restrictions with China. The stock market anticipates significant swings in Nvidia shares post-report, reflecting investor sentiment amid ongoing trade tensions and hopes for continued AI-driven growth. Other market developments included bond yield fluctuations and a mix of earnings performances from various companies.
Source: YAHOO
Reported 10 days ago
CrowdStrike has issued a weak revenue forecast for the third quarter, citing lingering effects from a problematic cybersecurity update. Despite a strong second quarter, the company's shares fell nearly 3% in after-hours trading as it anticipates a revenue impact of $10 million to $15 million per quarter due to customer retention incentives. The quarterly revenue is projected between $1.21 billion and $1.22 billion, slightly below analysts' estimates.
Source: YAHOO
Reported 10 days ago
Nvidia, a leading AI chipmaker, has projected its third-quarter revenue to reach $54 billion, surpassing Wall Street's expectations, driven by strong demand for its AI chips from cloud providers. Despite a slight decline in its compute revenue, overall growth remains robust as the company navigates challenges tied to international markets. Analysts express confidence in the ongoing AI trade, despite concerns over slowing growth rates and potential impacts from geopolitical tensions.
Source: YAHOO
Reported 10 days ago
Air New Zealand announced a smaller-than-anticipated decline in its annual profit for 2025, although it warned that persistent engine maintenance issues and weak domestic demand will continue to strain earnings in the current financial year. The airline's pre-tax earnings for the first half of fiscal 2026 are expected to be flat or lower than the previous NZ$34 million, significantly less than last year's NZ$155 million. CEO Greg Foran highlighted that unforeseen delays in engine maintenance led to grounding several aircraft, impacting potential profits. Despite these challenges, the airline's earnings of NZ$189 million for the fiscal year surpassed analysts' expectations.
Source: YAHOO
Reported 10 days ago
Cloud analytics company Snowflake has increased its fiscal 2026 product revenue forecast to $4.40 billion, up from $4.33 billion, driven by strong demand for AI and data analytics services. Following this announcement, shares rose 13% in extended trading. The company is capitalizing on the growing need for enterprises to modernize their data infrastructure and simplify their AI services through its cloud-agnostic platform, particularly benefiting from significant growth in Microsoft's Azure cloud services.
Source: YAHOO
Reported 10 days ago
Nvidia's stock fell after reporting a miss in data center revenue for Q2, despite beating overall earnings expectations and raising Q3 revenue guidance. Meanwhile, Snowflake’s stock surged 13% due to an optimistic annual revenue forecast, while CrowdStrike faced a drop after a disappointing Q3 outlook. Overall, earnings reports from various companies highlighted mixed results amid economic uncertainty.
Source: YAHOO
Reported 10 days ago
Google announced on Wednesday its plan to invest an additional $9 billion in cloud and AI infrastructure in Virginia through 2026.
Source: YAHOO
Reported 10 days ago
In July, Gulf Coast ports experienced mixed results, with Port Houston and Port of New Orleans reporting growth in container volumes while Port of Corpus Christi saw declines. Port Houston handled 392,829 TEUs, a 21% increase year-over-year, while New Orleans managed a 16% rise to 42,061 TEUs. Conversely, Corpus Christi reported a total freight decrease of 8%, attributed to a 13% drop in crude oil exports. Despite the setbacks, steel imports surged at Houston, indicating resilience in some sectors of the cargo market.
Source: YAHOO
Reported 10 days ago
Nvidia's stock fell over 3% in after-hours trading after the company reported Q2 earnings that exceeded expectations but data center revenue of $41.1 billion slightly missed analyst forecasts. CEO Jensen Huang highlighted exceptional demand for new Blackwell chips, while recent developments in US-China trade relations could impact future sales. Despite the current dip, Nvidia's shares have increased significantly over the past year.
Source: YAHOO
Reported 10 days ago
Nvidia's revenue forecast remains strong at $54 billion for the third quarter, but concerns over its China business, due to geopolitical tensions, have left investors uncertain. Despite a modest outlook that slightly surpasses analyst estimates, Nvidia's shares dipped on worries about potential sales losses in the Chinese market. The company is banking on the demand for its advanced AI chips while navigating challenges in international relations, especially regarding its H20 chip sales to China.
Source: YAHOO
Reported 10 days ago
WhatsApp has launched a new AI feature named 'Writing Help' that allows users to rephrase and adjust the tone of their messages while maintaining privacy. Utilizing Meta’s Private Processing technology, this feature offers AI-generated responses without breaching message confidentiality. Users can choose from options to make messages professional, humorous, or simply rephrased, with the tool aimed at keeping users engaged within the app rather than relying on external services. The feature is currently available in English in select countries.
Source: YAHOO
Reported 10 days ago
HP Inc. has provided a profit outlook that aligns with expectations, despite concerns about the economic impacts of trade policies and rising costs. The company reported a 3.1% increase in sales in the last quarter, projecting earnings of 87 to 97 cents per share for the current quarter. HP has shifted most of its manufacturing outside of China and increased some prices to offset tariff costs. Although the printer segment faces challenges, the demand for PCs, especially those running Windows 11 and equipped with AI features, remains strong.
Source: YAHOO
Reported 10 days ago
Nvidia's stock fell following their Q2 earnings report, which revealed adjusted earnings per share of $1.05 and revenue of $46.7 billion, slightly surpassing estimates. However, their data center revenue of $41.1 billion missed expectations of $41.29 billion. The company announced a projected Q3 revenue of $54.0 billion and a $60 billion stock buyback, but noted the absence of H20 sales to China in their forecasts, contributing to investor caution and early stock price declines.
Source: YAHOO
Reported 10 days ago
On August 27, 2025, major US stock indexes showed gains, with the S&P 500 reaching another record high by rising 0.2%. The Nasdaq composite and Dow Jones Industrial Average also posted modest increases. This positive trading day occurred ahead of Nvidia's earnings report, which is anticipated to reflect the current strength of artificial intelligence investments. Additionally, Cracker Barrel's stock soared 8% after withdrawing its logo change plans, which had faced public backlash.
Source: YAHOO
Reported 10 days ago
The FBI has reported that a Chinese-backed hacking group known as Salt Typhoon has infiltrated at least 200 US companies, expanding its reach beyond telecommunications to a global scale affecting 80 countries. The attackers focused on sensitive call records of American officials, prompting the FBI to recommend encrypted messaging apps for safety. The ongoing threat from this group highlights significant concerns regarding Chinese espionage efforts.
Source: YAHOO
Reported 10 days ago
In its 10th test flight, SpaceX showcased its commitment to resilience, intentionally introducing faults to assess the Starship's heat shield and propulsion systems under stress. This approach aims to ensure the vehicle can withstand mishaps critical for future missions, including launching Starlink satellites and carrying astronauts. The flight included testing a new type of heat tile and simulating engine failures to bolster safety and reliability for deep-space missions, while also paving the way for further enhancements in future versions of the Starship.
Source: YAHOO
Reported 10 days ago
Nvidia reported quarterly sales and profits that surpassed analyst expectations; however, its stock declined amid worries of a potential artificial intelligence bubble.
Source: YAHOO
Reported 10 days ago
A16z’s latest report indicates that competitors like Google’s Gemini and xAI’s Grok are narrowing the gap with OpenAI’s ChatGPT, showcasing evolving consumer preferences in AI tools. This report, the fifth of its kind, shows that Google gained prominence with multiple new products, while Grok has rapidly climbed in mobile usage. Although ChatGPT remains the leader, its challengers are on the rise, highlighting a competitive landscape in AI technologies.
Source: YAHOO
Reported 10 days ago
HP Inc exceeded Wall Street's revenue expectations for the third quarter, driven by increased demand for AI-powered personal computers and the Windows 11 upgrade cycle. The company reported a 3% rise in revenue to $13.93 billion, outperforming analysts' estimates, as it anticipates a strong PC refresh cycle following Microsoft's end of support for Windows 10. Despite challenges from evolving U.S. trade policies and a shift in production away from China, CFO Karen Parkhill expressed confidence in the ongoing PC market opportunities.
Source: YAHOO
Reported 10 days ago
The S&P 500 reached a record high on Wednesday as traders looked forward to Nvidia's upcoming quarterly results, a key event that could impact the AI sector rally. Nvidia shares fluctuated before closing slightly down, with investors anticipating significant revenue growth. The index now trades at a valuation not seen in four years, raising concerns about a potential AI bubble. Amid mixed performance in major tech stocks, investors are also monitoring developments in U.S. monetary policy and interest rate expectations.
Source: YAHOO
Reported 10 days ago
Cracker Barrel, under new CEO Julie Felss Masino, aimed to revamp its brand after a significant drop in customer traffic. However, backlash from fans, including President Trump, over its newly introduced logo forced the company to revert to its classic design. Although the restaurant chain had recently seen sales growth, experts suggest it needs to focus on maintaining its heritage while possibly simplifying its logo in the future.
Source: YAHOO