Nvidia falls more than 5% on low revenue guidance

Nvidia falls more than 5% on low revenue guidance

Nvidia stock fell by 6 percent on Thursday after the company reported better-than-expected earnings and lower-than-expected revenue guidance. Here are the major numbers: Earnings: $1.76 per share, excluding certain items, vs. $1.66 per share as expected by analysts, according to Thomson Reuters. Revenue: $3.12 billion, vs. $3.10 billion as expected by analysts, according to Thomson…
Nordstrom shares soar 11% on earnings beat

Nordstrom shares soar 11% on earnings beat

Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts' expectations and also raised its outlook for the full year, citing momentum in its online business. Its shares soared more than 13 percent in after-hours trading on the news. Net income for the quarter ended August 4 was $162 million, or…
NYU will offer a full ride to all medical students

NYU will offer a full ride to all medical students

Every student at the New York University School of Medicine is getting a full ride. The university announced Thursday that it will cover annual tuition costs of $55,018 for current and future students, regardless of need or merit. NYU's announcement comes amid ballooning costs for medical education. For the class of 2017, about 72 percent…
Booming Walmart, Cisco results show US economy’s strength is real and broad-based

Booming Walmart, Cisco results show US economy’s strength is real and broad-based

The strong GDP economic data for the June quarter is showing up in the real economy. Major U.S. companies including Walmart and Cisco are confirming the positive macro data by posting their best financial results in many years. The reports indicate broad-based strength in the domestic economy. Last month the government said second-quarter GDP grew…
Chipotle confirms cause of foodborne illness at Ohio restaurant

Chipotle confirms cause of foodborne illness at Ohio restaurant

A type of bacteria that forms when food is left out at unsafe temperatures caused Chipotle Mexican Grill's latest foodborne illness outbreak. Nearly 700 people reported gastrointestinal problems, including nausea, diarrhea and fever, after eating at the Chipotle restaurant in Powell, Ohio between July 26 and July 30. The Centers for Disease Control and Prevention's…
Trump’s military parade is now estimated to cost $92 million – $80 million more than earlier estimate

Trump’s military parade is now estimated to cost $92 million – $80 million more...

President Donald Trump's military parade this fall is shaping up to cost $80 million more than initially estimated. The Department of Defense and its interagency partners have updated their perspective cost estimates for the parade, according to a U.S. defense official with firsthand knowledge of the assessment. The official spoke on the condition of anonymity.…
Musk’s take-private proposal for Tesla is a nightmare for potential advisors

Musk’s take-private proposal for Tesla is a nightmare for potential advisors

It's not easy to get government approval for technology deals with international acquirers. Just ask Broadcom and Qualcomm. CFIUS reviews can doom deals, and it's likely Tesla will need approval from national security officials, as Bloomberg reported yesterday, to get a deal done. The Foreign Investment Risk Review Modernization Act (FIRRMA) will make advisors' jobs…
White House economic advisor Kudlow says trade deal with Mexico is ‘getting close’

White House economic advisor Kudlow says trade deal with Mexico is ‘getting close’

White House economic advisor Larry Kudlow said Thursday that U.S. Trade Representative Robert Lighthizer is "getting close" to a trade deal with Mexico. Asked whether negotiations are nearing an end, Kudlow replied "Yes, yes. And our trade meeting with president – I don't want to give away any detailed secrets, but trade ambassador Lighthizer ...…
Kudlow says strong dollar is sign of confidence in the US

Kudlow says strong dollar is sign of confidence in the US

White House economic advisor Larry Kudlow said Thursday the strong dollar is a "sign of confidence" in the United States. "There's a lot of unrest around the world. Money is flowing into the U.S.A. That's terrific," the director of the National Economic Council told CNBC's "Squawk Box." He added he "just wants a steady" dollar…
An analyst just toured Tesla’s Model 3 facility and said everything’s going great despite Musk turmoil

An analyst just toured Tesla’s Model 3 facility and said everything’s going great despite...

Mason Trinca | The Washington Post | Getty Images Damien Boozer and Paul Jacob work on the general assembly of the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018.  Tesla is on track to clinch a steady weekly Model 3 production rate above 5,000 cars per week, according…

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