Check out the companies making headlines in extended trading. Nvidia — The chip giant saw shares climb more than 8% in after-hours trading on the back of record quarterly revenue driven by its booming artificial intelligence business. Nvidia's total revenue rose 265% from a year ago, based on strong...
A Rivian showroom in New York, US, on Tuesday, Jan. 2, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for electric...
A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty ImagesBoeing is replacing the head of its 737 Max program less than two months after a panel blew out...
Check out the companies making headlines in midday trading. Nvidia — Nvidia fell 2% during midday trading and built on Tuesday's more than 4% loss ahead of its quarterly print after the bell. Investors will be closely watching the chipmaker's results for insights into how long its massive growth...
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.Edgar Su | ReutersNvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.Nvidia has...
Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, on April 27, 2023.Joe White | ReutersFord and a United Auto Workers local union, UAW Local 62, reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant.The UAW...
Capital One CEO and Chairman, Richard Fairbank.Marvin Joseph| The Washington Post | Getty ImagesCapital One's recently announced $35.3 billion acquisition of Discover Financial isn't just about getting bigger — gaining "scale" in Wall Street speak — it's a bid to protect itself against a rising tide of fintech and...
