By Arsheeya Bajwa (Reuters) -Nvidia is set to post a more than three-fold surge in its fourth-quarter revenue on Wednesday, the same as in the previous quarter, as demand for its chips that dominate t[...]
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February 20, 2024
Conference Board gives up on U.S. recession call
(Reuters) -The Conference Board on Tuesday abandoned a long-running call for the U.S. economy to fall into recession, although its Leading Economic Index still sees economic output flatlining in the m[...]
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Price-conscious shoppers lift Walmart earnings as it preps $2.3 billion Vizio deal
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart kicked off U.S. retailers’ reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocke[...]
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US hard landing bets rise in rate options market after Fed hikes
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in interest rate options are paying for trades that benefit from a sharp slowdown in the U.S. economy, contrary to the upbeat outlook h[...]
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Microsoft develops AI server gear to lessen reliance on Nvidia, The Information reports
(Reuters) -Microsoft is developing a new network card that could improve the performance of its Maia AI server chip and potentially reduce the company’s reliance on chip designer Nvidia, The Inf[...]
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Bolivia unveils measures to tackle sharpening dollar crisis
By Monica Machicao LA PAZ (Reuters) – Bolivia’s government set out on Tuesday a package of measures to spur investment and exports as it seeks to reverse a worsening dollar scarcity that h[...]
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Australia competition regulator warns ANZ, Suncorp buyout ruling no green light
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -The Australian Competition Tribunal’s green light for ANZ’s proposed A$4.2 billion ($3.2 billion) buyout of Suncorp’s banking ass[...]
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American Airlines raises bag fee after five years
(Reuters) – American Airlines said on Tuesday the carrier will raise the price to check a bag for travel booked on or after Feb. 20. “For the first time since 2018, American is adjusting b[...]
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Nvidia’s stock rally sputters ahead of quarterly report
(Reuters) – A scorching rally in Nvidia’s shares this year came to a halt on Tuesday as investors worried if the high-flying chip designer’s quarterly results would justify its tower[...]
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