[ad_1] Nvidia Corp. NVDA CEO Jensen Huang believes artificial intelligence could trigger a shift to four-day work weeks, but cautioned that workers will paradoxically become busier than ever as artificial intelligence accelerates business execution and idea generation. Check out the current price of NVDA stock here. AI Revolution Promises Shorter Weeks, Intensified Pace Speaking on […]
Rio Tinto, Sumitomo Partner On $430 Million Copper-Gold Proj…
[ad_1] Rio Tinto Plc RIO shares are trading higher premarket on Monday after it finalized joint venture agreements with Sumitomo Metal Mining (SMM) to advance the Winu copper-gold project in Western Australia’s Great Sandy Desert. According to the deal, Rio Tinto will remain responsible for the ongoing development and operation of the Winu project. In […]
Cummins Beats On EPS, Misses On Revenue — But Keeps Engine R…
[ad_1] Cummins Inc CMI shares traded higher premarket on Tuesday after the company reported first-quarter 2025 results. Sales declined 3% year over year (Y/Y) to $8.17 billion, missing the consensus of $8.19 billion. The Indiana-based company stated that sales in North America declined 1% Y/Y and international revenues fell 5% Y/Y in the quarter. Sales by segments: Components $2.7 billion (-20% […]
Bill Ackman Blames ‘Forced Selling’ By Leveraged Traders For…
[ad_1] Billionaire investor Bill Ackman has attributed the recent dramatic volatility across rates, currencies, and equities to “forced selling” by highly leveraged market participants, rather than fundamental economic shifts. What Happened: In an X post, Ackman argued that investors and market commentators are overinterpreting short-term market movements, mistaking technical liquidations for signals of underlying economic […]
Rogers Scores $5 Billion Blackstone Deal To Cut Debt, Unlock…
[ad_1] Rogers Communications Inc. RCI said on Friday it has entered into an agreement to receive a 7 billion Canadian dollars (~$5 billion) equity investment from funds managed by Blackstone Inc BX, supported by several Canadian institutional investors. The deal gives Blackstone a minority stake in a newly formed Rogers subsidiary tied to a portion […]
Elon Musk’s Tesla At Risk Of Being Removed From EV Incentive…
[ad_1] In a bid to protect its automotive industry, the United Kingdom is actively negotiating with Washington to secure an exemption from impending U.S. auto tariffs. The 25% tariffs, announced by U.S. President Donald Trump, are scheduled to come into effect on April 3. What Happened: Finance Minister Rachel Reeves has underscored the critical nature […]
Goldman Sachs Cuts Earnings Growth Outlook, Sees Investors M…
[ad_1] David Kostin, the Chief U.S. Equity Strategist of Goldman Sachs, has revised his earnings growth forecast, citing a weaker economic outlook, and highlighted a shift in market trends. What Happened: On CNBC’s ‘Squawk on the Street’, Kostin discussed his revised earnings growth forecast and market trends. Initially projected at 11%, the earnings growth forecast for 2025 […]
Synopsys Q1 Profit Tops Estimates, Sees Strong AI-Fueled Chi…
[ad_1] Synopsys Inc SNPS shares are trading higher premarket reported first-quarter financial results after the market close on Wednesday. Revenue: $1.455 billion missed the estimates of $1.466 billion. Adjusted EPS: $3.03 beat the street view of $2.84. Gross profit declined to $1.185 billion from $1.232 billion a year ago quarter and the operating income declined to $251.8 million from $352.6 million in […]
Dan Ives Expects Meta And Microsoft To Stand Firm On $60 – $…
[ad_1] Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. META and Microsoft Corp. MSFT to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek‘s emergence. What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to […]
Google Parent-Owned Startup To Launch AI-Designed Drug Trial…
[ad_1] A Google parent-owned startup is poised to begin clinical trials of its first artificial intelligence-designed drug by year-end, marking a significant milestone in pharmaceutical development as major tech companies increasingly invest in AI-powered healthcare solutions. What Happened: Isomorphic Labs, an Alphabet Inc. GOOGL subsidiary, is targeting major disease areas including oncology, cardiovascular conditions, and […]