Reported 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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
Reported 11 days ago
Delivery Hero has revised its full-year earnings and cash flow projections downward, anticipating adjusted earnings between 900 million and 940 million euros and a 40% decrease in free cash flow to over 120 million euros, due to unfavorable foreign exchange rates. While growth in gross merchandise volume is expected to remain between 8% and 10%, the company's performance in the vital Asian market has raised concerns following a decline in goods sold.
Source: YAHOO
Reported 11 days ago
Agilent Technologies has increased its annual revenue outlook after exceeding quarterly earnings estimates, driven by a resurgence in demand for its medical tools and lab equipment. The company projects revenue between $6.91 billion and $6.93 billion, up from a previous estimate of $6.73 billion to $6.81 billion, and expects profits in line with analyst expectations. This positive outlook comes despite a two-year period of weak orders in the life sciences sector.
Source: YAHOO
Reported 11 days ago
Analysts predict that increased U.S. tariffs on Brazilian beef will significantly modify global trade patterns, leading to heightened imports from countries like Mexico and Australia while Brazil seeks new markets. Mexico has recently surpassed the U.S. as Brazil's second-largest beef export destination, with experts suggesting that nations re-exporting Brazilian beef may increase purchases accordingly. Brazil, already the leading beef exporter, could see a rise in its exports despite tariff challenges, as global supply shifts and demand fluctuates.
Source: YAHOO
Reported 11 days ago
In his memoir 'Yet Here I Am', Jonathan Capehart, a Pulitzer Prize-winning journalist and MSNBC anchor, shares his journey as a Black, openly gay voice in American media. Reflecting on his childhood struggles and his mother's emphasis on education, he discusses the importance of identity, resilience, and the ongoing fight for LGBTQ+ rights in today's societal landscape. Capehart's narrative serves as an inspiration for those pursuing their dreams against the odds.
Source: YAHOO
Reported 11 days ago
Peloton Interactive is required to face a lawsuit from shareholders who allege the company misled them about its inventory levels and sales strategies as the COVID-19 pandemic subsided. A federal appeals court in Manhattan overturned a lower ruling, allowing shareholders to argue that the company's misstatements, including claims about the motivations behind price cuts and warnings about excess inventory, were intended to inflate stock prices. This lawsuit comes after Peloton's stock plummeted over 80% during a period of reopening gyms and increased vaccine availability.
Source: YAHOO
Reported 11 days ago
A U.S. District Judge has rejected Meta's attempt to dismiss a sexual harassment lawsuit filed by former employee Kelly Stonelake, allowing the case to proceed. Stonelake accused Meta of ignoring her reports of sexual assault and harassment, facing discrimination, and enduring retaliation for raising concerns about a video game. The judge ruled that parts of her claims were valid, while dismissing others. This case adds to the scrutiny Meta faces regarding workplace misconduct allegations.
Source: YAHOO
Reported 11 days ago
Breitling is strengthening its presence in the US amid a challenging 39% tariff on Swiss imports, while also becoming the NFL's first official timepiece partner. CEO Georges Kern emphasizes the importance of a trade deal and outlines the strategic significance of the NFL collaboration, highlighting the growing potential of the US market, which represents 23% of the brand's turnover.
Source: YAHOO
Reported 11 days ago
Cryptocurrencies are experiencing a rally, led by Ethereum, which has surged over 2.5% while Bitcoin faces a critical inflection point down about 10% from its mid-August peak. Ethereum's prices are bolstered by significant interest in stablecoins, which are primarily backed by the Ethereum ecosystem. Recent market shifts indicate that investor funds are increasingly moving from Bitcoin to Ethereum, with analysts warning that Bitcoin must stabilize for the broader crypto market to thrive.
Source: YAHOO
Reported 11 days ago
The Pixel 10 Pro builds on Google's legacy of Android devices, emphasizing AI integration in everyday usage through its new Tensor G5 chip and various features like Magic Cue and call translation. While hardware changes are minimal, enhancements in software capabilities, especially in photography, offer innovative tools such as Camera Coach and Super Res Zoom. Users can expect a solid experience, though specific AI features might vary based on region and usage might not meet all expectations.
Source: YAHOO
Reported 11 days ago
Brazil's central bank emphasizes that its Pix payment system does not compete with financial institutions, serving instead as a neutral public infrastructure that promotes efficiency and inclusivity in the market. Pix, launched in 2020, has significantly transformed Brazil's payment landscape by integrating millions into the financial system and reducing reliance on traditional payment methods. The central bank stresses its focus on public good rather than profit, ensuring safety and competitiveness in payments.
Source: YAHOO