For the past few weeks, investors have been laser focused on the Federal Reserve. Now, they’re directing their attention to this $3 trillion artificial intelligence gem. Nvidia, the AI chipmaker whose stock has helped power the market’s feverish rally this year, reports quarterly earnings after the close. Shares of Nvidia,…

By Elaine Tan LSEG Deals Intelligence experts Elaine Tan, senior manager for Deals Intelligence in APAC, and Daniel Stanton, Editor of IFR Asia, recently led a client webinar Exploring Deal Making Trends in Asia, based on our data to the end of July 2024. Structural and cyclical constraints, particularly in…

Nvidia: The US chipmaker is forecast to report a slowdown in revenue from the previous quarter when it announces results after market close. Analysts forecast second-quarter revenue increased more than 100 per cent to $28.7bn, compared with growth of 262 per cent in the first quarter.Fedspeak: Raphael Bostic, president of…

The Biden administration may soon restart a key immigration program that had been paused this summer over concerns of fraud, according to a source familiar with the matter. The program allows migrants of certain nationalities to apply to legally migrate to the United States and has often been credited by…

By Lucy Lazarony, Next Avenue Many Americans in their 50s don’t have nearly enough savings set aside for retirement. How bad is the shortfall? According to Prudential’s 2024 Pulse of the American Retiree survey, with just a decade until the traditional retirement age, 55-year-old Americans have less than $50,000 in…

Mortgage rates decreased a bit this week, remaining uncomfortably high for many would-be buyers but hitting their lowest point in months. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.73% this week from 6.78% last week. The…

With summer wrapping up shortly, parents are outfitting their children for the new school year. But American households are struggling to afford back-to-school items such as backpacks, clothing, school supplies and books. This struggle is leading millions of parents to carry debt to make sure their children have what they need…

Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance…

In 2017, Leena Pettigrew was gifted her first houseplant — a golden Pothos, notoriously easy to care for — and killed it.Five years later, she tried again. She and her husband Marquise were redecorating their home in Houston, and they needed to fill its empty corners, she says. She drove…

The Kremlin is trying to calm fears that the arrest of Telegram founder Pavel Durov in France could upend the messaging platform, which is extremely popular in Russia and plays a key role in coordinating the war effort in Ukraine. Russian government spokesman Dmitry Peskov told reporters on Tuesday that…