The financial results of Nvidia Corp. surprised investors a little, and not on the good side – product inventories doubled to an all-time high as the chip company prepares for a dodgy holiday season. Nvidia on Wednesday reported fiscal third-quarter revenue slightly above analysts’ discounted expectations, but the numbers weren’t so great. Revenue fell 17% …
This record Nvidia revenue number is a chilling sight Read More »
Stocks on Wall Street are set to rebound to start a new week, with politics in the spotlight as the US midterm elections are about to begin. Many expect a divided Congress and a political stalemate for two years, which isn’t necessarily bad for the markets, which tend to prefer a divided government. Neil Wilson, …
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth straight hike. Bruised investors look set to continue selling stocks on Thursday as yields rise. Not everyone agrees with Powell. “The Fed is making a huge policy mistake, and they …
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth straight hike. Bruised investors look set to continue selling stocks on Thursday as yields rise. Not everyone agrees with Powell. “The Fed is making a huge policy mistake, and they …
Shares of Roku Inc. fell 16% in after-hours trading on Wednesday after the streaming company beat expectations with its latest results, but gave a weaker-than-expected outlook for the holiday quarter, because economic conditions could further “degrade advertising budgets”. For the fourth quarter, Roku executives expect revenue of $800 million and a loss of $135 million …
Roku stock plunges as pessimistic earnings forecast suggests ad budgets could ‘degrade’ Read More »
