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    Inflation data helps European stocks shake off Nvidia results; Delivery Hero gains
    Alabama

    Inflation data helps European stocks shake off Nvidia results; Delivery Hero gains

    German consumer prices fall more than expected DAX closes at record high Delivery Hero reports strong increase after stronger than expected GMV growth French spirits makers gain after China lifts provisional measures on brandy STOXX 600 rises by 0.8 percent…

    Posted on Idris Bevan
    Nvidia’s forecast dampens AI enthusiasm of other technology stocks
    New Jersey

    Nvidia’s forecast dampens AI enthusiasm of other technology stocks

    Nvidia loses $200 billion in market value Other AI companies such as Broadcom, AMD, Microsoft and Amazon are also losing ground Investors’ high expectations led to disappointment despite Nvidia’s strong earnings August 28 (Reuters) – Nvidia shares (NVDA.O)opens new tab…

    Posted on Seren Anwen
    Share prices unchanged ahead of Nvidia earnings and US economic data
    New Jersey

    Share prices unchanged ahead of Nvidia earnings and US economic data

    Wall Street indices slightly down Nvidia earnings expected after market close Dollar recovers Gold price falls Crude oil falls NEW YORK/LONDON, Aug 28 (Reuters) – Global stock markets fell while the U.S. dollar recovered on Wednesday ahead of the release…

    Posted on Seren Anwen
    TuSimple, maker of self-driving trucks, settles fraud lawsuit for 9 million
    Utah

    TuSimple, maker of self-driving trucks, settles fraud lawsuit for $189 million

    Aug 27 (Reuters) – TuSimple (TSPH.PK)opens new tab A $189 million settlement has been reached in a lawsuit accusing the self-driving truck technology company of defrauding shareholders by exaggerating its safety record and concealing three insiders’ control of a Chinese…

    Posted on Caradoc Wyn
    Wall Street closes lower as tech stocks weigh; Jackson Hole in focus
    New Jersey

    Wall Street closes lower as tech stocks weigh; Jackson Hole in focus

    Weekly unemployment reports meet expectations US Treasury yields rise as recession fears ease Zoom benefits from increased full-year revenue forecast Indices in the red: Dow 0.43%, S&P 500 0.89%, Nasdaq 1.67% NEW YORK, Aug 22 (Reuters) – All three major…

    Posted on Seren Anwen
    Mike Lynch was a British technology pioneer who died at sea after being acquitted in a US trial
    Alabama

    Mike Lynch was a British technology pioneer who died at sea after being acquitted in a US trial

    LONDON, Aug 22 (Reuters) – Tech tycoon Mike Lynch, who died when his luxury yacht sank off Sicily, spent more than a decade building Britain’s biggest software company – and for almost as long he fought accusations that he inflated…

    Posted on Idris Bevan
    AMD acquires server manufacturer ZT Systems for .9 billion in cash and stock
    New Jersey

    AMD acquires server manufacturer ZT Systems for $4.9 billion in cash and stock

    Aug 19 (Reuters) – AMD (AMD.O)opens new tab announced on Monday that it plans to acquire server maker ZT Systems for $4.9 billion. The company wants to expand its portfolio of chips and hardware for artificial intelligence and compete against…

    Posted on Seren Anwen

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