Best Buy’s summer so far was better than expected, but its profit was dinged partly because of costs from a restructuring the retailer started in the second quarter. The Richfield-based electronics retailer recorded $114 million in charges from the restructuring, including termination costs. It did not say how many employees were laid off. “The restructuring initiative is intended to redirect …
Read More »Morning Bid: China sales doubt blurs Nvidia beat Reuters Nvidia CEO Jensen Huang says US tech stack should be global standard companies are built on — including China Yahoo Finance Nvidia is caught in Trump’s China trade war, and it could impact the stock market Axios Wednesday’s Nvidia Earnings: Why China Needs the Chip Maker The Wall Street Journal Nvidia Orders Halt to H20 …
Read More »Global shares steady, dollar slips as focus turns to Fed policy Reuters Dollar edges lower as September Fed cut bets grow Reuters Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it Fortune Why the bond market remains so calm amid Trump’s Fed war Axios Treasury yields are stable as traders try to …
Read More »Jobless claims retreat from 2-month high MarketWatch US Initial Jobless Claims Edged Down to 229,000 Last Week Bloomberg US applications for jobless benefits fell last week as layoffs remain low San Francisco Chronicle U.S. unemployment claims surge to nearly 2 million, the most in almost 4 years Fortune Spot gold pulls back to $3,400/oz after U.S. weekly jobless claims fall to 229k KITCO Source link
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Read More »Nvidia CEO says AI boom far from over after tepid sales forecast Reuters Nvidia CEO Jensen Huang Says AI Race Is Just Starting, Sees $4 Trillion Market Ahead TipRanks Even Nvidia Has Speed Limits MSN Nvidia: Tech bubble seems safe so long as AI demand remains high Sky News Nvidia Forecasts Decelerating Growth After Two-Year AI Boom Bloomberg Source link
Read More »Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) U.S. Bureau of Economic Analysis (BEA) (.gov) US GDP: Economy Expands at Revised 3.3% Rate as Investment Improved Bloomberg Gold holding steady around $3,400 as US economy grew 3.3% in Q2 KITCO Q2 GDP growth revised higher to 3.3%, PCE increase revised lower to 2.0% Seeking Alpha US economy grows 3.3% in …
Read More »Intel Is Different From Lockheed. The Case Against U.S. Government Investment in Defense. Barron’s Lutnick Suggests Looking at Defense Sector After Intel Deal Bloomberg.com Trump administration mulls taking stakes in defense firms including Lockheed Martin Reuters CNBC Daily Open: Big M&A activity returns to the U.S. — but the deal-maker is the White House CNBC Is nationalizing the defense industry such a bad idea? Responsible …
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The family of 16-year-old Adam Raine is suing OpenAI and its CEO, Sam Altman, for wrongful death, alleging the company’s popular AI chatbot ChatGPT was responsible for their son’s suicide in April. The lawsuit says over the course of their months-long exchange that began in September 2024, ChatGPT would provide Raine “a step-by-step playbook for ending his life ‘in 5-10 …
Read More »New York Penn Station $7 Billion Overhaul to Begin Work in 2027 Bloomberg Penn Station Renovation Will Begin in 2027, Officials Say The New York Times Thursday’s Headlines: ‘Blessed’ By Duffy and Byford Edition Streetsblog NYC Transportation Secretary Sean Duffy reveals Penn Station redesign, renovation plans and schedule ABC7 New York Feds Promise Faster Penn Station Renovations Now as Trump Priority THE CITY – NYC …
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