Nvidia made headlines on Wednesday when it briefly surpassed Apple in market cap during intraday trading. This milestone comes as the chipmaker solidifies its position as the primary beneficiary of the artificial intelligence boom. With a market cap of $3.007 trillion, Nvidia is now on track to become the second most valuable U.S. company, overtaking
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Financial technology startup Nium recently announced a $50 million fundraising round, with plans to go public within the next 18 months. The round was led by a Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. Despite the significant amount raised, Nium’s valuation now stands at $1.4
The recent report showing a fall in job openings to a three-year low has caused a shift in the U.S. stock market. As of late, the Dow Jones Industrial Average rose by 203 points, reflecting a 0.5% increase, the S&P 500 gained 0.3%, and the NASDAQ Composite added 0.3%. This unexpected decline in job openings
Broadway box office numbers have remained relatively stable as the industry transitions into the post-Memorial Day summer season. Despite a slight decline in ticket sales from the previous week, the 35 productions collectively grossed $33,662,845 for the week ending June 2nd. This represents a 5% decrease from the previous week, but an 8% increase compared
Bath & Body Works recently experienced a significant drop in their stock price, with a 14% decline marking their worst day since 2021. This decline followed the release of first-quarter earnings and revenue that beat estimates, however, the company offered a disappointing outlook for the second quarter. With earnings expected to be lower than anticipated,
The leadership team at Paramount Global recently presented a go-forward plan at their annual shareholder meeting, outlining strategic priorities in the event that a sale of the company does not happen. The plan, presented by the “Office of the CEO” comprised of CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures
Recent reports suggest that Paramount and Skydance have reached an agreement to merge their operations. This merger, spearheaded by David Ellison’s Skydance and backed by private equity firms RedBird Capital and KKR, could potentially reshape the landscape of the entertainment industry. The negotiations have been intensive, with both parties working towards finalizing the terms of
Recently, the Consumer Financial Protection Bureau (CFPB) made an announcement regarding the creation of a public database that aims to identify nonbank financial companies involved in violating consumer laws. This new regulation requires a wide range of financial services companies, such as debt collectors, mortgage lenders, and credit reporting agencies, to report any actions taken
The pre-market trading session has revealed a significant surge in GameStop’s stock, with a remarkable over 77% increase. This surge comes amid speculation that Keith Gill, famously known as Roaring Kitty, holds a stake in GameStop worth $116 million. On the other hand, AMC Entertainment has also seen a notable rise of about 25% in
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. According to the fintech startup’s annual financial report, it recorded pre-tax profits of £15.4 million ($19.6 million) in the 2023-2024 fiscal year. This achievement marked a significant turnaround from the previous year, where Monzo suffered a loss
Recently, there have been claims made that former President Donald Trump promised oil executives a reduction in regulations in exchange for financial support for his potential return to the White House. However, North Dakota Gov. Doug Burgum, who is rumored to be a potential pick as Trump’s running mate, has vehemently denied these allegations. According
In a surprising move, Nvidia CEO Jensen Huang unveiled the company’s next generation of artificial intelligence chips, named “Rubin,” just months after the announcement of the “Blackwell” model. The announcement took place ahead of the COMPUTEX tech conference in Taipei, marking a significant advancement in AI chip technology by Nvidia. With the introduction of Rubin,
Pegasus Airlines, a budget carrier based in Turkey, is gearing up for its next phase of growth by placing a significant order for 36 Airbus A321neo planes. This move comes on the heels of a strong recovery in travel demand post-pandemic. The airline has shown resilience and forward-thinking in its strategic decision-making, with total orders
Amidst the changing landscape of the global box office, Sony/Alcon’s The Garfield Movie has risen to the top, dominating the domestic, international, and global charts. With an impressive offshore session in 60 markets bringing in $27.1M, the film has reached a worldwide total of $152.2M. The film’s success in China, where it opened to $8.2M,