CashNews.co Miami positioned itself as the early season favorite in the ACC with a 41-17 drubbing of Florida on Saturday. The No. 19 Hurricanes overmatched the Gators in nearly every facet as Miami’s remade roster showed what the recipe is for a College Football Playoff berth. Former Washington State QB Cam Ward threw for 385 […]
CashNews.co (Reuters) -Applied Digital shares soared nearly 65% to hit their highest level in more than a month on Thursday, after the data center operator said it would receive $160 million in financing from a group of investors, including chip giant Nvidia (NVDA). Investors in the deal would also include privately owned real estate firm […]
CashNews.co (Reuters) -Derivatives exchange operator CBOE is partnering with a London-based tech firm, Globacap, to create a U.S. trading platform for shares of closely held companies, Bloomberg News reported on Wednesday. CBOE Private Markets has already registered with the Financial Industry Regulatory Authority (FINRA) as a broker-dealer last month, the report said, adding that the […]
CashNews.co (Bloomberg) — Artificial intelligence darling Nvidia Corp. is facing near-term headwinds that are making its valuation look compelling, giving investors an attractive buying opportunity, according to Bank of America Corp. Most Read from Bloomberg Shares of the chipmaker are down about 15% from its late August earnings release, when the company failed to live […]
CashNews.co Tesla (NASDAQ: TSLA) was Wednesday’s winner among S&P 500 index gainers, capturing the title with a more than 4% increase to its stock price on the day. There was little news of note driving the stock forward; rather, it seemed that bargain hunting and a somewhat cryptic tweet from CEO Elon Musk propelled it […]
CashNews.co (Reuters) -Paramount Global’s chair, Shari Redstone, will receive $180 million in severance and other benefits on top of millions from the sale of her stock in National Amusements to Skydance Media, Bloomberg News reported on Thursday. Redstone holds a 20% stake in National Amusements, Paramount’s controlling shareholder, through two trusts in her name and […]
CashNews.co MENLO PARK, CA — A woman arrested Wednesday is accused of embezzling hundreds of thousands from a Menlo Park company where she worked for nearly a decade, according to investigators. The Menlo Park Police Department has identified the suspect as Amerlinda Mendoza, 59, of Mountain View. Police said the arrest followed an extensive investigation […]
CashNews.co After nine years at Uber, Ro’i Ehrlich became the first permanent chief executive of Arc Analytics, the sister company of the credit rating agency Arc Ratings. Ehrlich held key roles in Uber’s charge to expand in Africa and Europe as the Silicon Valley behemoth transformed the taxi service industry across the world. GlobalCapital spoke […]
CashNews.co Nvidia (NVDA) reported better-than-expected second quarter results after the market close on Wednesday. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion. Data center revenue was $26.3 billion. The estimate was $25.08 billion. For Q3, Nvidia expects revenue of […]
CashNews.co Expectations were high heading into Nvidia‘s (NASDAQ: NVDA) fiscal 2025 second-quarter financial report. The company has become the de facto standard bearer for the artificial intelligence (AI) revolution. Its graphics processing units (GPUS) provide the computational horsepower necessary to create the large language models (LLMs) that make generative AI possible. The surging demand for […]