CashNews.co (Reuters) -Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions. The planemaker is working with advisers to explore its options, the report said, adding that raising equity is not likely to happen for at least a month. Boeing declined to […]
CashNews.co By Manya Saini and Pritam Biswas (Reuters) -Cerebras Systems, a startup competing with industry leader Nvidia for a slice of the lucrative AI chip market, said late on Monday its revenue surged more than threefold in 2023, in a filing to go public in the U.S. Initial public offerings in the U.S. have bounced […]
CashNews.co Generation Investment Management, an investment management firm, released its “Global Equity Strategy” second quarter 2024 investor letter. A copy of letter can be downloaded here. The strategy’s recent net performance was behind market averages. Since the fund’s inception, the strategy has underperformed for about 8% of the time on a rolling five-year basis. Several […]
CashNews.co We recently published a list of 10 Trending AI Stocks to Watch for the Rest of 2024. Since NVIDIA Corporation (NASDAQ:NVDA) ranks 5th on the list, it deserves a deeper look. Chris Hyzy, Merrill & Bank of America Private Bank chief investment officer, said while talking to CNBC in a latest program that there is “ […]
CashNews.co Costco (COST) reported mixed fiscal fourth quarter results on Thursday after the market close. Earnings per share for the wholesale giant beat estimates, coming in at $5.29, compared to Bloomberg consensus estimates of $5.07. But the company posted a slight miss on revenue, with $79.7 billion, compared to expectations of $79.96 billion. “It’s very […]
CashNews.co Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts. Hungry upstarts don’t always get the attention of major players, but in the case of You.com, founder Richard Socher got a front-row seat with Nvidia’s Jensen Huang. “I was extremely impressed with Jensen,” Socher told Yahoo […]
CashNews.co Nvidia stock (NVDA) fell as much as 2.8% in premarket trading Monday as investors continued to absorb news that Chinese regulators are reportedly discouraging local companies from buying Nvidia’s artificial intelligence chips. The stock pared losses after the bell, down about 1.4% to around $120. Bloomberg reported Friday afternoon that Beijing is urging Chinese […]
CashNews.co By Jessica DiNapoli and Kaylee Kang NASHVILLE (Reuters) – Nearly every day, Latrina Begley, 37, of Nashville, or one of her six children, shopped at the Family Dollar down the hill from their home, using federal food benefits to buy Hot Pockets or frozen pizza, and staples like milk. But Family Dollar shut down […]
CashNews.co For those of you who avoided the sweaty summer hordes in pricey, popular tourist venues from Paris to Yellowstone National Park, say hello to cooler temperatures and sweet savings. But don’t expect to have the place to yourself. Everyone, it seems, has plans to go somewhere. About 9 in 10 Americans say they have […]
CashNews.co The Pac-12 — which as of a week ago was just the Pac-2 of Oregon State and Washington State — went for the power move. The goal was to surgically add the best of the rest of the football programs in the country. That would set itself up as the most competitive conference outside […]