By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia’s results, while oil prices reboun[...]
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Dow closes at record high, Nvidia falls after forecast
By Johann M Cherian and Noel Randewich (Reuters) – The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker N[...]
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Gap’s turnaround efforts drive quarterly beat in surprise early announcement
By Ananya Mariam Rajesh (Reuters) -Gap on Thursday surpassed Wall Street expectations for the second quarter, as a surprise early announcement of its results showed shoppers turned to its Old Navy and[...]
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Intuitive Machines gets $116.9 million NASA contract for delivery to Moon’s south pole
(Reuters) – NASA has awarded Intuitive Machines a $116.9 million contract to deliver six science and technology payloads to the Moon’s south pole, the space exploration company said, sendi[...]
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Lululemon cuts annual forecasts on tepid US demand, slower product refresh
By Savyata Mishra (Reuters) -Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer[...]
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Exclusive-US government funding yielded hundreds of patents for China-based researchers
By Michael Martina WASHINGTON (Reuters) -The U.S. Defense Department, NASA and other government agencies funded research that led to more than 1,000 U.S. patents for China-based inventors since 2010,[...]
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US bankruptcy court approves stalking horse bid for SunPower assets
(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT A[...]
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OpenAI says ChatGPT’s weekly users have grown to 200 million
(Reuters) – AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022,[...]
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Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings
By Suzanne McGee (Reuters) – Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker’s quarterly results,[...]
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