The artificial intelligence (AI) market has continued gaining traction in 2024 as companies spend huge amounts of money on building up infrastructure so that they don’t fall behind in the race to deploy and integrate AI applications. According to one…
(Bloomberg Law) — Ex-Trump adviser Stephen Miller’s legal group has sued IBM Corp. subsidiary Red Hat Inc. claiming the company’s diversity goals led to the discriminatory treatment and termination of a former White male employee. Most Read from Bloomberg In…
AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BI Nvidia is dominating earnings season, and it hasn’t even reported results yet. Other mega-cap tech giants have been mentioning on earnings calls that they’re boosting investment in AI infrastructure. Nvidia offers the popular H100…
Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance – Here’s Why Cloudflare, Inc. (NYSE:NET) reported its first-quarter financial results after the bell on Thursday. Here are the details. Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate…
There’s no question that Nvidia (NASDAQ: NVDA) has been the poster child of the artificial intelligence (AI) revolution thus far. Nvidia’s graphics processing units (GPUs) and Superchips are so in demand for cloud infrastructure companies and start-ups like OpenAI that…
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and…
Former President Donald Trump.Scott Olson/Getty Images Trump is set to get millions of extra shares if Trump Media trades above $17.50 through Tuesday’s session. That would see the former president awarded $1.3 billion in extra stock. The stock has risen…
Cigarette smoking has been in decline for decades, but that hasn’t stopped Altria Group (NYSE: MO) from making heaps of dividend payments to satisfied shareholders. The company behind the leading Marlboro brand raised its quarterly payout 58 times over the…
Yichiro Chino/Getty Images Stocks are poised for a “reset,” according to Technical Traders’ Chris Vermeulen. Defensive areas of the market are rallying, which is typical in a late-stage bull market. Bull markets are inevitably followed by bear markets and a…
(Bloomberg) — Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. Most Read from Bloomberg Equity benchmarks in Japan, South Korea and Australia…