Business Matters: Nvidia overtakes Microsoft as most valuable company
AI chip giant Nvidia has become Wall Street's most valuable company, overtaking Microsoft. Amandalina Letterio has the details and more in Business Matters for June 19, 2024.
AI chip giant Nvidia has become Wall Street's most valuable company, overtaking Microsoft. Amandalina Letterio has the details and more in Business Matters for June 19, 2024.
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
The recent collapse of Woodson, a Shanghai-based semiconductor start-up that went bankrupt, is the latest example of how China's efforts to build local alternatives to the world's most advanced chips can fail. Woodson, whose main entity is Shanghai Wusheng Semiconductor Group, was liquidated, according to a notice released on June 6 by the city's Pudong New Area People's Court. That marked the end for the firm, which was once an emerging star in China's semiconductor industry. Do you have questi
U.S. prosecutors have recommended Boeing face criminal charges over allegedly violating a deferred prosecution agreement related to two fatal crashes. Global’s Sean Previl reports on what that impact could be and why the company has a long road to regain the public's trust, even if no charges are laid.
The chip maker looks to have been hit by fears over a potentially stretched valuation and news that CEO Jensen Huang has been selling stock through a trading plan.
Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur
(Bloomberg) -- The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” campaign.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorFedEx Stokes Investors With Hint of a Freight DealVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint Ventu
BRUSSELS (Reuters) -Microsoft faces a hefty antitrust fine after the European Commission on Tuesday accused it of illegally linking its chat and video app Teams with its Office product, giving it an unfair advantage over rivals such as Slack. Two decades after Microsoft's last EU fine, the EU competition watchdog's latest action was triggered by a 2020 complaint from rival workspace messaging app Slack, owned by Salesforce. The European Commission, which acts as the EU competition watchdog, said Teams had been given a distribution advantage while limitations preventing interaction between Teams' competitors and Microsoft's offerings further hindered rivals.
(Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Fr
The Indian stock market has shown remarkable growth over the past year, rising by 46%, with earnings expected to increase by 16% annually. In this context, identifying stocks that are potentially undervalued can offer investors opportunities for significant value in a thriving market environment.
There's a stark difference when 32-year-old Olivia Polk compares her life to how her mom's looked at the same age.In terms of owning a home and a car, or having a family, "I don't have any of those things, and I don't imagine that I will any time soon," she said.Until recently, Polk worked for a Halifax organization that provides affordable housing, saw herself as middle class and made well above minimum wage.But despite sharing living expenses with her partner, she said they still live paychequ
A B.C. man who frequently purchases B.C. Parks campsite reservations online has filed a proposed class-action lawsuit against B.C. Parks, claiming the way the online reservation process works is a violation of the federal Competition Act.Danny Kindred, whose notice of civil claim was filed in B.C. Supreme Court on Friday, says that because B.C. Parks adds a $6 reservation fee during the last step in the checkout process, rather than advertising the true cost to reserve a campsite, it's in violat
MOSCOW (Reuters) -European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate and use banking services in Russia. With most major Russian banks under Western sanctions over Russia's February 2022 full-scale invasion of Ukraine, foreign banks including Austria's Raiffeisen Bank International and Italy's UniCredit, have become key financial bridges with the West, boosting profits in the process.
We recently compiled a comprehensive report detailing the 20 Largest Automotive Markets in the World. In this article, we’ll be taking a look at what’s going on in the global auto industry and the largest automotive market in the world. The Global Automotive Industry: A Brief Overview Providing millions of jobs and supporting numerous sectors, […]
As global markets exhibit mixed signals with modest gains in the U.S. and challenges in sectors like Chinese real estate, investors are keenly observing opportunities for stable returns. In this context, dividend stocks emerge as appealing options, offering potential resilience and consistent yield amidst fluctuating market conditions.
The Federal Reserve Board reports that the median checking account balance for American households stands at $2,800. However, this figure raises an important question: What is the optimal amount an individual should maintain in their checking account? Yahoo Finance's Molly Moorhead breaks down the details, providing tips to help individuals determine the ideal checking account balance for their unique circumstances. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
PARIS (Reuters) -Engine maker CFM's wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely one factor in Airbus' move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, cut profit forecasts and trimmed its 2024 delivery target, blaming shortages of engines and other parts and sending shares in Europe's largest aerospace group tumbling on Tuesday. CFM, a transatlantic venture of GE Aerospace and France's Safran, makes LEAP engines that power all Boeing 737 MAX jets and typically just over half of the competing Airbus A320neo family, where they compete with the Geared Turbofan of RTX subsidiary Pratt & Whitney.
Oil prices slid in early Asian trade on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the top oil consumer, though worries a potential expansion of the Gaza war may disrupt Middle East supplies capped declines. Brent crude oil futures fell 30 cents, or 0.4%, to $84.17 a barrel by 0028 GMT. "An expected increase in U.S. inventories of crude oil and gasoline are weighing on the market due to fears of weakening demand," said Tsuyoshi Ueno, senior economist at NLI Research Institute.
One of the architects of the Post Office Horizon accounting system has admitted there were "discreet" bugs but it generally "worked well", dismissing suggestions he had knowledge of widespread flaws.
A CDK Global system outage has affected nearly every aspect of the Mazda dealership in Seekonk, Massachusetts, where Ryan Callahan is general sales manager. He says it won’t be a simple fix.