Reported about 23 hours ago
Source: BARRONS
Reported about 23 hours ago
At the Nvidia GPU Technology Conference (GTC), experts discussed the company's role in AI, emphasizing its dominance in the market. Despite a recent dip in stock prices, Nvidia remains a leading player, providing essential technology for AI advancements. Anticipation is high for CEO Jensen Huang's keynote, which is expected to outline future innovations, including the next generation of chips. However, uncertainty remains about short-term growth and investor sentiment, as the industry navigates between current demand and future potentials.
Source: YAHOO
Reported about 23 hours ago
Google is set to partner with Taiwan's MediaTek to develop the next generation of its AI chips, known as Tensor Processing Units (TPUs), expected to be released next year. Despite this new collaboration, Google will maintain its partnership with Broadcom, which it has worked with exclusively for years. Google's decision to collaborate with MediaTek is influenced by MediaTek's relationship with TSMC and competitive pricing. This move aims to strengthen Google's position in the AI chip manufacturing landscape amidst increasing demand for chips from competitors.
Source: YAHOO
Reported about 23 hours ago
Retail sales data for February showed a smaller-than-expected increase, rising by just 0.2% month-over-month, compared to the 0.6% economists anticipated. This drop was largely attributed to motor vehicle sales; however, Bank of America Securities' senior economist, Stephen Juneau, indicated that overall, sales have bounced back from January's low and are comparable to December levels. With continued job and income growth, the U.S. consumer remains resilient despite concerns about the economy.
Source: YAHOO
Reported about 23 hours ago
U.S. natural gas prices fell to a two-week low due to record production levels, negative prices at the Waha Hub, and mild weather forecasts expected through early April. Despite a drop in futures prices, LNG exports reached record highs, while gas stockpiles remained 12% below normal after severe winter weather earlier this year.
Source: YAHOO
Reported about 23 hours ago
PepsiCo has announced its acquisition of prebiotic soda brand Poppi for $1.95 billion to strengthen its position in the functional beverage market. This deal, which includes an anticipated $300 million in cash benefits, represents a significant opportunity for Poppi to expand its reach. Co-founder Allison Ellsworth expressed excitement about joining forces with PepsiCo to enhance the brand's growth. Despite facing class-action lawsuits concerning health claims, Poppi insists that its products are beneficial and has settled claims while modifying its marketing. PepsiCo's shares saw an increase following the announcement.
Source: YAHOO
Reported about 23 hours ago
Nvidia shareholders are looking to CEO Jensen Huang's upcoming keynote speech at the GPU Technology Conference to maintain the stock's recent recovery. With concerns about the company's sales potentially peaking, investors anticipate updates on crucial product lines and market conditions. The stock has seen a dip of over 9% this year despite recent gains, and there is uncertainty surrounding valuations and growth expectations amid a broader decline in tech equities.
Source: YAHOO
Reported about 23 hours ago
Nvidia Corp. investors are looking to CEO Jensen Huang's upcoming keynote speech at the GPU Technology Conference to maintain the momentum of the stock's recent recovery. Amid fears of peak earnings and a challenging market environment, Huang's address is expected to provide updates on product lines and competition, which may help reassure investors. Despite a year-to-date decline of over 9%, the company’s promising earnings report and its key role in the AI chip market suggest potential for growth if it meets its projected guidance.
Source: YAHOO
Reported about 23 hours ago
U.S. stocks saw slight gains on Monday following comments from Treasury Secretary Scott Bessent about the health of market corrections and ahead of the Federal Reserve's upcoming policy meeting. The S&P 500 and Dow increased by 0.5% and 0.6%, respectively, while concerns about retail sales growth lagging expectations persisted, with February's sales rising only 0.2%. Amid economic slowdown fears and uncertainties related to tariffs, the market is cautious but hopeful for potential rate cuts.
Source: YAHOO
Reported about 23 hours ago
A consortium led by KKR and Warburg Pincus has submitted a non-binding bid for Gerresheimer AG, valuing the company at nearly 3.1 billion euros. The bid, close to 90 euros per share, comes as Gerresheimer faces subdued demand in its markets and revises its revenue growth projections. Although the bid shows interest in the company, a takeover is not guaranteed and discussions are still in early stages.
Source: YAHOO
Reported about 23 hours ago
In February, retail sales experienced a modest increase of 0.2%, disappointing analysts who had anticipated a 0.6% rise, while January's figures were revised down to a decline of 1.2%. Despite concerns about a slowing US economy, sales excluding autos and gas rose by 0.5%, suggesting some resilience. The report highlights ongoing uncertainty and a potential slowdown in consumer spending amidst shifting economic forecasts.
Source: YAHOO
Reported about 23 hours ago
PepsiCo announced its acquisition of prebiotic soda brand Poppi for $1.95 billion, aiming to expand in the healthier beverage market amidst declining demand for traditional sodas. The deal comes as young consumers increasingly favor health-conscious drinks, with Poppi's sales soaring by 122% in recent months. The acquisition reinforces PepsiCo's strategy to pivot towards wellness products and strengthen its position against competitors in the evolving beverage landscape.
Source: YAHOO
Reported about 24 hours ago
Robinhood has launched a new prediction markets hub within its app, enabling users to trade on outcomes of events like the Federal Reserve's interest rate decisions. This move aims to cash in on the rising popularity of event-based derivatives, which allow traders to bet on real-world occurrences. However, the trading of such derivatives has raised regulatory concerns regarding potential gambling risks and market manipulation. Robinhood plans to start these services in collaboration with KalshiEX LLC and is looking to expand its offerings to remain competitive against traditional brokerages.
Source: YAHOO
Reported about 24 hours ago
Honda Motor plans to procure batteries for its hybrid vehicles from Toyota's US plant to mitigate tariff risks posed by the Trump administration, as reported by Nikkei. Starting in fiscal 2025, Honda will source enough batteries for 400,000 vehicles, covering all its hybrid models sold domestically. This strategy follows Honda's decision to manufacture its next-generation Civic hybrid in Indiana to avoid tariffs, highlighting its shift towards local sourcing amid evolving trade policies.
Source: YAHOO
Reported about 24 hours ago
U.S. retail sales increased by 0.2% in February after a revised 1.2% drop in January, indicating moderate growth in the economy amid challenges like tariffs and government layoffs. Economists had projected a 0.6% uptick. Despite the slight recovery, the overall sentiment remains cautious as the market responds to mixed signals about consumer spending and broader economic conditions.
Source: YAHOO
Reported about 24 hours ago
Forever 21 has filed for Chapter 11 bankruptcy for the second time, citing rising inflation and fierce competition as major factors. The retailer, known for its affordable fashion, is struggling with increased costs and competition from online brands. The company plans liquidation sales while exploring potential asset sales to continue operations if successful. This bankruptcy follows a tumultuous period especially affecting retail markets.
Source: YAHOO
Reported about 24 hours ago
Russian President Vladimir Putin has authorized the U.S. hedge fund 683 Capital Partners to purchase securities from Russian companies owned by foreign stakeholders and allowed two Russian firms to buy these securities without additional approval. This decree comes amid increasing restrictions on foreign asset sales due to the conflict in Ukraine, where international sanctions have limited Russian investors' access to foreign-held securities.
Source: YAHOO
Reported about 24 hours ago
Elite colleges in the U.S. are rapidly entering the bond market, achieving record sales to secure funding for campus projects and refinance existing debts in light of potential tax and funding threats from the Trump administration. Bond sales for higher education institutions surged over 40% in early 2025, with prestigious colleges like Harvard and Stanford leading the way. This trend follows earlier fears of changes in federal funding and tax policies that could impact their financial stability, prompting schools to lock in favorable borrowing rates.
Source: YAHOO
Reported about 24 hours ago
Amid the devastation of wildfires that destroyed over 16,000 structures in the Los Angeles area, volunteers have been tirelessly searching through the rubble to recover sentimental items. From wedding rings to children's artwork and even urns, these small treasures are providing hope and closure for families like the Matuses, who lost their home. The recovery efforts, led by organizations like Samaritan's Purse, highlight the impact of such disasters and the importance of preserving memories.
Source: YAHOO
Reported 1 day ago
In March, New York State's factory activity saw its largest decline in nearly two years, according to a survey by the Federal Reserve Bank of New York. The Empire State manufacturing index fell nearly 26 points to negative 20.0, with a sharp drop in new orders and the fastest rise in input prices in over two years, reflecting growing concerns about an economic slowdown.
Source: YAHOO
Reported 1 day ago
Nvidia's annual GTC conference is set to begin on March 18, 2025, featuring CEO Jensen Huang's keynote and various discussions on AI and robotics. Attendees can expect the unveiling of the Blackwell Ultra AI chip and insights into Nvidia's next-generation GPU platform, Rubin, along with its software updates and advancements in humanoid robotics. A new Quantum Day panel will also take place, discussing the future of quantum computing amidst growing industry interest.
Source: YAHOO
Reported 1 day ago
Chinese automaker BYD has introduced a new electric vehicle platform capable of charging as quickly as refueling a gas car, achieving peak speeds of 1,000 kW. This technology allows cars to travel 400 km on just a 5-minute charge. Alongside this, BYD announced plans to establish a network of over 4,000 ultra-fast charging stations across China to support this initiative, addressing concerns about charging time among EV drivers.
Source: YAHOO
Reported 1 day ago
President Trump has reiterated that there will be no exemptions from the recently imposed 25% tariffs on steel and aluminum imports, as he emphasizes his stance in the ongoing trade war that is affecting U.S. trade relations with several countries, including the EU, Canada, and China. The tariffs have prompted retaliatory measures, including counter-tariffs from the EU and Canada, while concerns are rising about the economic impact on the U.S. and its allies.
Source: YAHOO
Reported 1 day ago
Michael Saylor's company, Strategy, purchased $10.7 million in Bitcoin just a week after announcing plans to issue up to $21 billion in preferred stock to fund additional Bitcoin acquisitions. The firm has been actively buying Bitcoin since late October and now holds approximately $41.6 billion worth. While shares of Strategy have skyrocketed 2,300% since 2020, Bitcoin's value has increased over 600% in the same timeframe.
Source: YAHOO