Author: IA PressRoom

Copyright 2023 The Associated Press. All rights reserved Fabless chipmaker Nvidia (NVDA) will report results for its second quarter of fiscal year 2024 on August 23. This is an earnings release Wall Street is watching closely. Read on for the specifics on what metrics to watch, how to access the release and what numbers analysts expect to see from Nvidia. Nvidia Stock Key Metrics Nvidia has had a challenging 2023 fiscal year 2023. A sudden drop in demand for gaming chips left the company with lower revenues, too much inventory and lower gross margins. As detailed below, results in the…

VinFast valuation overtakes Ford and GM as EV group’s shares soar on debut

© Reuters. Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/file photo By Rae Wee SINGAPORE (Reuters) – The yen languished near its weakest level in nine months on Wednesday and kept traders on alert for any signs of intervention, while mounting concerns over China’s sputtering economy and gloomy outlook soured the mood in Asia. The struggled to break away from a nine-month low hit in the previous session, having slid to that level after a slew of Chinese data on Tuesday undershot forecasts, and prompted Beijing to deliver unexpected cuts to its…

© Reuters. FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo HONG KONG (Reuters) -Law firms in China are scrambling to comply with Beijing’s new guidance to tone down the language used to describe China-related business risks in companies’ offshore listing documents, five people familiar with the matter said. The moves come after China’s securities regulator last month in a closed-door meeting asked domestic law firms to refrain from including negative descriptions of China’s policies or its business and legal environment…

© Reuters. Oil, miniatures of oil barrels and U.S. dollar banknote are seen in this illustration taken, June 6, 2023. REUTERS/Dado Ruvic/Illustration By Arathy Somasekhar HOUSTON (Reuters) – U.S. sweet and sour oil differentials narrowed significantly this month, pricing data showed, as demand for higher sulfur crudes climbed from refineries and exporters while supplies tightened. The spread between Light Louisiana Sweet and Mars sour crude, both priced in Louisiana, narrowed to $1.70 a barrel last week from about $6.75 per barrel at the start of the year and $9.20 per barrel a year ago. Buyers globally are expected to snap…

2/2 © Reuters. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration 2/2 By Laura Matthews NEW YORK (Reuters) – Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent global regulations, helping inject transparency into a multitrillion-dollar market that is largely hidden from the public eye. The growing interest in clearing trades through an exchange comes as regulations capture more users of these contracts, bolstering the need to shift away from…

Ryan McVay/Stockbyte via Getty Images Stock index futures pointed to a lower opening Tuesday after another week of gains. S&P futures (SPX) -0.4%, Dow futures (INDU) -0.3% and Nasdaq 100 futures (NDX:IND) -0.7% were lower. The 10-year Treasury yield (US10Y) fell 3 basis points to 3.79%. The 2-year yield (US2Y) fell 3 basis points to 4.73%. “Yield curves are already consistent with the new hawkish message from central banks, so any rise in yields is more likely to come from economic data,” ING said. “Yields may well continue rising, to 4% for 10Y Treasuries, but this is set to come…

Former Special Counsel John Durham will testify twice this week before congressional lawmakers, just weeks after releasing a report that found the Justice Department and FBI never should have launched the Trump-Russia investigation.Durham is first set to testify behind closed doors in the House Permanent Select Committee on Intelligence on Tuesday afternoon.On Wednesday morning, Durham will sit before the House Judiciary Committee for his first public statements and questioning.The two sessions will give Republicans and Democrats a chance to question Durham, whose report lent weight to Republican complaints that federal government officials abused the public trust by rushing to investigate…

Most of the furious speculation on how artificial intelligence will shape our lives is far off possibilities — humanity-destroying pitfalls or world-altering solutions that will take years to manifest. But there is one place where AI is already starting to shape people’s experiences in noticeable ways: online games.In massively multiplayer online role-playing games, millions of people meet up to explore, compete, and collaborate in expansive virtual universes. MMO hype has cooled since the aughts, but the games still cater to sizable, committed audiences that have helped launch powerful franchises such as “World of Warcraft,” “Guild Wars 2,” and “Path of…

Hedge fund pioneer Arki Busson has not enjoyed the best of fortunes in his business ventures in recent years.The French financier — known for once hosting the glamorous £10,000-a-ticket ARK charity gala and for relationships with Hollywood actor Uma Thurman and model Elle Macpherson (as well as his frequent appearances on dailymail.co.uk) — has endured a string of negative headlines. LumX, the investment firm he runs, posted years of losses and then in 2019 fell out with auditor EY, which said its financial statements “do not give a true and fair view of the consolidated financial position of the group” at…