CashNews.co Does this sound familiar? The rate of inflation was slowing along with spending by US consumers. So, the Fed cut interest rates by a quarter in July. It did it again in December — and again in January. That was 1995 — and those interest rate cuts sparked the beginning of one of the […]
CashNews.co Stocks finished close to where they started Tuesday as investors expressed uncertainty over the size of the Federal Reserve’s expected rate cut, which is scheduled to be announced Wednesday at the conclusion of the widely anticipated policy meeting. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) lost about 0.2%, reversing momentum […]
CashNews.co Nvidia will start shipping Blackwell in Q4 and will scale it through the next year. Bloomberg/Getty Images Nvidia accelerates two major technology trends Moore’s Law explains that the number of transistors on a microchip roughly doubles every two years while costs stay relatively low. The concept was introduced by Intel Co-Founder Gordon Moore in […]
CashNews.co (Bloomberg) — Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand. Most Read from Bloomberg The home-goods brand, which has for much of a century defined food storage, is planning to […]
CashNews.co Nvidia (NASDAQ: NVDA) stock sent investors on a wild ride so far in 2024. It was trading at a stock split-adjusted price of around $48 at the start of the year. The price got as high as $140.76 at one point in mid-June, then plunged to $99 by early August before recovering enough to […]
CashNews.co – Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025– VWFS continues to lead VWGoA financing solutions for brand and dealer relationships while prioritizing consumer leasing and delivering usage-based products, including mobility solutions RESTON, Va. and SAN FRANCISCO, Sept. […]
CashNews.co Mariah Carey’s penthouse might be sitting pretty in Manhattan, but her financials? Not so much. The diva has stacked up mortgages totaling $18.6 million on her posh Tribeca pad — most of which was cashed out in loans. Seems like the “We Belong Together” singer’s lifestyle requires a little more than the holiday royalties […]
CashNews.co (Bloomberg) — The Hong Kong government is preparing to issue its maiden policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, a move that could catalyze the use of the technology in areas from trading to investment banking and cryptocurrencies. Most Read from Bloomberg The city’s […]
CashNews.co For many investors, Nvidia (NASDAQ: NVDA) has emerged as the quintessential artificial intelligence (AI) stock. That’s because the company’s graphics processing units (GPUs) are the industry standard in accelerating complex data center tasks, such as training machine learning models and running AI applications. Nvidia shares have surged 780% since the generative AI application ChatGPT […]
CashNews.co (Bloomberg) — Amazon.com Inc. Chief Executive Officer Andy Jassy is moving to streamline the world’s largest online retailer and cloud-computing company, cutting management layers and ordering employees to return to the office five days a week beginning in January. Most Read from Bloomberg The shakeup, announced in a memo to employees on Monday, echoed […]