Business

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KEY TAKEAWAYS Nvidia’s projection for record third-quarter revenue was met with a bullish reception from analysts, including Morgan Stanley and UBS, even as some, like HSBC, were downbeat on the AI chipmaker’s lack of visibility around prospective sales in China. The poster child for the AI boom on Wednesday projected third-quarter revenue of $54 billion, plus or minus 2%, a record …

If you’ve ever come back from a vacation in Italy or Japan, you’ve probably been left wondering why on earth the U.S. has not developed better and faster trains. Well, it’s been a long time coming, but we’re finally onboard, no pun intended, with the launch of Amtrak’s NextGen Acela.  With a speed of up to 160 mph, the NextGen …

Affirm Stock Rises 13% After Earnings. What Has Wall Street Excited.  Barron’s Affirm’s stock soars 15% on earnings, revenue beat  CNBC Affirm swings to profit as people flocked to its 0% APR loans and other offers  MarketWatch Affirm Stock: Affirm Earnings Beat. Guidance Above Views Despite Walmart Worries.  Investor’s Business Daily Affirm Holdings (AFRM) Reports Q4 Earnings: What Key Metrics Have to Say  Yahoo Finance …

The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows.  The Commerce Department said Thursday that the country’s gross domestic product — the nation’s output of goods and services — grew at a 3.3% annual pace in the second quarter after shrinking 0.5% in …

Nvidia Earnings Disappointed. GE Vernova and 5 More Industrial Stocks Get a Boost.  Barron’s Big Tech investment powers Nvidia results, but Wall Street says ‘inevitable’ slowdown looms  Yahoo Finance Investors remain chipper about Nvidia  Financial Times Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue  CNBC NVIDIA Announces Financial Results for Second Quarter Fiscal 2026  NVIDIA Newsroom Source link

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Fed’s Waller sees rate cuts over next 3-6 months, starting in September  Reuters Federal Reserve Governor Speaks at Economic Club of Miami  C-SPAN Federal Reserve’s Christopher Waller says he could back jumbo rate cut if US economy weakens sharply  Financial Times Fed’s Waller Urges Fed to ‘Get on With’ September Rate Cuts  Barron’s Fed’s Waller Sees Quarter-Point Cut in September, Then More  Bloomberg.com Source link

Labor Day—let alone the Labor Day clothing sales—is an odd one. It’s nice to have a day off, and the cause is just, but then come the implications: summer’s over, daylight is fleeting, and the office is full again. However—HOWEVER—one way to mitigate the creeping dread of winter is to dive into discounts, and do know that the sales are …