Nvidia shares moved lower Wednesday evening despite another beat-and-raise quarter. Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. That’s not a concern to us, though, because Nvidia’s underlying fundamentals and long-term outlook appear to be as healthy as ever. Revenue surged 94% year over year to…
CNBC’s Jim Cramer on Wednesday said consumers right now aren’t focused on brand names, but on companies that can provide the most value. “Prices have gotten so high over the past few years that we’re losing our loyalty to brands,” he said. “These days, this whole country is about one thing: The Benjamins.” Cramer used…
Traders work on the floor of the New York Stock Exchange at the opening bell on November 13, 2024, in New York City. Angela Weiss | AFP | Getty Images Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia. Dow Jones Industrial Average futures added…
Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence. Beyond Hong Kong, homes in Singapore, Australia and Japan will all become more expensive in 2025, a reportBloomberg Terminal from BI found. For Hong Kong, the numbers reverse a years-long…
Expectations are high for Nvidia’s earnings. Nvidia is expected to report fiscal 2025 third-quarter results Wednesday after the close. Analysts see the darling chipmaker reporting a profit of 75 cents per share on revenue of $33.16 billion, per LSEG. Both figures represent more than 80% growth from the year-earlier period. The report will likely have…
Check out the companies making headlines in midday trading: Williams-Sonoma — The home goods retailer soared about 29% after beating expectations on both lines for the third quarter and raising full-year guidance. Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share…
My top 10 things to watch Wednesday, Nov. 20 1. Target is the disaster du jour. The stock sank more than 15% after the retailer missed on quarterly earnings and revenue and cut guidance. Discretionary spending is just not that. Consumers are being choosy. There’s some hope on the horizon: Still has $9.4 billion on…
A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images Asia-Pacific markets were mostly lower in choppy trading Wednesday, following a mixed performance on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of…
The prospect of the U.S. introducing a swathe of new tariffs under President-elect Donald Trump has led economists to say the euro could return to parity with the U.S. dollar in their 2025 outlooks. Since Trump’s decisive victory in the Nov. 5 election, which also handed the Republican party control of both houses of Congress,…
Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery. Billionaire Robert Ng’s Sino Land Co. is one of the largest cornerstone investors in the $793 million Hong Kong listing from courier service SF Holding…