NVIDIA Corp (NASDAQ: NVDA) is enjoying a boost in its stock price today, thanks in part to the positive quarterly results from Meta Platforms Inc. (NASDAQ: META). In an impressive second-quarter performance, Meta Platforms reported a revenue of $32 billion, marking an 11% year-over-year increase and surpassing the Street’s consensus estimate of $31.12 billion. The…
AbbVie Inc (NYSE: ABBV) delivered its Q2 earnings report with noteworthy figures, showing resilience amid challenging conditions. Adjusted EPS for the quarter stood at $2.91, which, despite being down 13.6% year-over-year, surpassed the consensus estimate of $2.80. The company’s overall sales experienced a decline of 4.9% year-over-year (or 4.2% on an operational basis), totaling $13.87…
By Valerie Volcovici and Nichola Groom WASHINGTON/LOS ANGELES (Reuters) – U.S. regulators on Thursday approved proposals to speed up the connection of new power projects to the electric grid, reforms that could ease a growing backlog of requests from wind and solar energy developers. Long waits for transmission interconnection have hobbled the deployment of big…
By Pete Schroeder WASHINGTON (Reuters) -U.S. regulators launched an ambitious effort that would order large banks to set aside billions more in capital to guard against risk Thursday, although a lukewarm response from the head of the Federal Reserve raised questions about how the plan might change before its completion. The proposal to raise capital…
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and Senate Majority Leader Chuck Schumer were committed to passing all spending bills by the Sept. 30 deadline. Lawmakers have until the current fiscal year expires on Sept. 30 to fund the government or risk a partial government shutdown. (Reporting…
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the…
By Gloria Dickie (Reuters) – July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world’s hottest month on record. The U.N. World Meteorological Organization (WMO) and European Union’s Copernicus Climate Change Service also said in a joint statement…
KYIV (Reuters) -Ukrainian soldiers have recaptured the southeastern village of Staromaiorske from Russian forces in Donetsk region, a video published by President Volodymyr Zelenskiy showed on Thursday. “The 35th brigade and the ‘Ariy’ territorial defence unit have fulfilled their task and liberated the village of Staromaiorske. Glory to Ukraine!” said a soldier in a video…
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -Microsoft on Thursday found itself the target of an European Union antitrust investigation over the bundling of its chat and video app Teams with its Office product, putting it at risk of a hefty fine. The U.S. tech giant has racked up 2.2 billion euros ($2.5…
(Reuters) -Oregon Senator Ron Wyden has asked the Federal Trade Commission, the Cybersecurity and Infrastructure Security Agency and the Justice Department to ‘take action’ against Microsoft following a China-linked hack that reportedly resulted in the theft of thousands of government emails from top U.S. officials. In a letter released Thursday, Wyden said “even with the…
