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A $2.5 Billion Stake in Nvidia Stock Vanished Into Thin Air
It was the trade that never was. And that’s too bad, because it could have paid off handsomely.
It was the trade that never was. And that’s too bad, because it could have paid off handsomely.
The U.S. Labor Department on Friday corrected productivity data from 2019 through 2023 after a computation error in off-the-clock hours worked ratios biased downward the labor hours levels underlying the productivity and costs data published last month. Worker productivity increased at a 3.3% annualized rate in the fourth quarter, corrected from the previously reported 3.2% pace. Rising worker productivity is helping to contain labor costs for businesses, which ultimately could lead to lower inflation over time.
The Canadian dollar edged lower against its U.S. counterpart on Friday as U.S. inflation data suggested the Federal Reserve could turn more hawkish compared to the Bank of Canada and some other major peers, but the currency still notched a weekly gain. The loonie was trading 0.1% lower at 1.3665 to the U.S. dollar, or 73.18 U.S. cents, with the currency pulling back after it touched its strongest level since April 10 at 1.3633. "It is getting harder for the Fed not to sound hawkish given the inflation data surprises since January," strategists at TD Securities, including Jayati Bharadwaj, said in a note.
Intel's negative earnings surprise caught a few of the newfound bulls to the story by surprise.
IRS says more than 140,000 Americans filed their taxes free using its Direct File pilot, but critics say the program's unnecessary and costly.
BEIJING, China, April 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sino Biological, Inc.("Sino Biological" or the "Company”), a biotechnology company listed on the Shenzhen stock exchange subsidiary ChiNext (SZSE: 301047), specializing in biological research reagents and related technical contract research services, has successfully concluded its acquisition of Vancouver-based Canadian biotechnology company SignalChem Biotech Inc. (“SCB” or "SignalChem”). Sino Biological has acquired 100% of
Bob Bakish may be out at Paramount Global even before any sale or merger deal for the media company is completed. The board of directors of Paramount Global, including controlling shareholder Shari Redstone, have discussed a plan to oust Bakish as CEO, the Wall Street Journal reported, citing anonymous sources. Instead, the company would form …
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion, people familiar with the matter said. The Minneapolis-based food conglomerate is working with investment bank JPMorgan Chase to gauge interest from potential buyers that could include rival snack food makers and private equity firms, the sources said, requesting anonymity as the discussions are confidential. General Mills is hoping to fetch a valuation for the yogurt portfolio of nearly 10 times the unit's 12-month earnings before interest, taxes, depreciation and amortization of about $250 million, the sources said.
MIAMI, April 26, 2024--As the final Intergovernmental Negotiating Body (INB) meeting of the World Health Organization (WHO) Pandemic Agreement approaches, the AIDS Healthcare Foundation and the AHF Global Public Health Institute are voicing significant concerns about the April 16, 2024, Proposal for the WHO Pandemic Agreement.
Google plans to invest $2 billion to build a data center in northeastern Indiana that will help power its artificial intelligence technology and cloud business, company and state officials said Friday. The data center planned for Fort Wayne was announced in January.
The mayor pointed out that shoplifting has increased nationally, with rising living costs playing a role
The gymnast's mom is not only her manager but her biggest cheerleader
The U.S. Treasury Department is expected to offer markets some relief next week when it details refunding plans for the coming quarter, by keeping the size of most of its auctions steady after three quarters of increases. While the Treasury may increase the size of some issues, including the 10-year Treasury Inflation-Protected Securities (TIPS), most auctions are expected to be unchanged. "It shouldn't be as big of an event risk as it was the past couple of quarters," said Vail Hartman, U.S. rates strategist at BMO Capital Markets in New York.
ARRAY Releasing, the distribution arm of Ava DuVernay’s Peabody Award-winning narrative change collective, announced the acquisition of Débora Souza Silva’s documentary For Our Children. ARRAY Releasing acquired rights to the film in the US, Canada, United Kingdom, Australia and New Zealand. It will make its national Netflix premiere on Friday, May 10, 2024. For Our Children unites …
Stock Of The Day: Fast-growing Mediterranean restaurant chain Cava hits Chicago and is racing past a buy point, along with several other restaurant chains.
Sufjan Stevens’s indie folk concept album “Illinois” (2005) is whimsical, earnest, and sorrowful; it weaves together events and figures from Illinois history (including UFO sightings, Pullman cars, the World’s Fair of 1893, and the Lincoln/Douglas debates) with Biblical allusions and feelings of shame and loss. This multifaceted mix, often stirring and fascinating to listen to, …
Chavez is playing Lyle Menéndez in the second installment of Murphy's anthology series 'Monster', set to premiere on Netflix later this year
O.J. Simpson died at the age of 76 in his Las Vegas, Nev., home on April 10, his family announced
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to watch in today's stock market.
AI chip stock Arm Holdings surged more than 152% past a recent buy point. Following that advance, is Arm stock a buy in today's stock market?
The shooting occurred after Cardell Hayes rear-ended Smith’s SUV