Bhinneka News Online: Reuters Business: Nvidia current-quarter revenue forecast beats expectations

Wednesday 26 May 2021

Reuters Business: Nvidia current-quarter revenue forecast beats expectations

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Nvidia current-quarter revenue forecast beats expectations

Nvidia Corp (NVDA.O) forecast second-quarter revenue above analysts' estimates on Wednesday, betting on strong demand for its flagship gaming and artificial intelligence chips for data centers.

American Eagle beats revenue estimates on robust demand

Apparel retailer American Eagle Outfitters Inc (AEO.N) beat first-quarter revenue estimates on Wednesday, benefiting from easing restrictions and stimulus checks that boosted spending on clothes as people look forward to dressing up for outings.

Wall Street edges up as U.S. bond yields stay tame

U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

Early or late cycle? Fast-running bull market unnerves investors

Will history's longest-ever bull market be followed by one of the shortest?

Wall Street edges up as U.S. bond yields stay tame

U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

Uber's UK drivers gain collective bargaining with union recognition

Uber (UBER.N) on Wednesday said it was recognising Britain's GMB union, allowing it to represent up to 70,000 drivers and boosting the power of workers with collective bargaining.

Amazon brings James Bond, Rocky to fight Netflix with $8.5 bln MGM buy

Amazon.com Inc (AMZN.O)will buy MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.

Carl Icahn holds about $400 million stake in Allstate - WSJ

Activist investor Carl Icahn holds a roughly $400 million, or 1%, stake in insurer Allstate Corp (ALL.N), the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Exxon loses board seats to activist hedge fund in landmark climate vote

A tiny hedge fund dealt a major blow to Exxon Mobil Corp (XOM.N) on Wednesday as shareholders elected at least two of the fund's nominated directors to the oil giant's board after a months-long battle over the company's carbon footprint and growth plans.

Wall Street edges up with U.S. bond yields in check

U.S. stocks edged higher on Wednesday as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.