ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHyatt CEO Mark Hoplamazian joins ‘Money Movers’ to discuss their plans to acquire Standard International, the parent company of the Standard and Bunkhouse Hotels brands, and what this acquisition means for Hyatt.06:02Wed, Aug 21 202412:19 PM EDT Source link
Author: usaeverydaylife
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.SeongJoon Cho | Bloomberg | Getty ImagesGlobal chip stocks fell on Thursday, after U.S. chip darling Nvidia reported fiscal second-quarter results that beat analyst expectations — but disappointed traders hoping for higher growth rates.While Nvidia posted better-than-expected earnings with revenues jumping 122% year-over-year, this still marked a slowdown from three consecutive quarters of annual growth rates exceeding 200% previously.In Asia, South Korean chipmakers SK Hynix and Samsung Electronics — which are…
Follow live coverage of day five at the 2024 US OpenFLUSHING, N.Y. — Against the blue and green of the Billie Jean King Tennis Center courts, the yellow ball careening between two rackets stands out.That’s before you see the yellow balls up in the stands. They’re still, but they’re bigger.Thursday morning on Court 7, a small but rapt crowd watched Diana Shnaider, the No. 18 seed from Russia who is having the kind of year that makes tennis fans take notice. She was taking apart the Dane, Clara Tauson, who in 2022 was roughly where Shnaider is now before a…
Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y.ZeekrElectric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400.The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese EV maker’s first midsize electric SUV and will be launched on Sept. 20.It’s the latest Chinese EV to take on Tesla’s Model Y, which has also been challenged by Xpeng and Nio. Zeekr plans to deliver the 7X globally by the end of this year. It said the…
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone.Shares of the Omaha, Nebraska-based conglomerate have rallied more than 28% in 2024, far above the S&P 500’s 18% gain. The $1 trillion threshold was crossed just two days before the “Oracle of Omaha” turns 94 years old.The shares were up 0.8% to $696,502.02 on Wednesday, allowing it to top the $1 trillion mark, per FactSet.The milestone “is a…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 advanced 0.7% Thursday, despite tech behemoth Nvidia’s post-earnings decline. Shares of the AI chipmaker tumbled 3.5% after the company handily beat estimates on the top and bottom lines Wednesday. At issue: Nvidia couldn’t quite meet their analysts’ lofty estimates for the company’s full-year outlook on gross margins. “This was the mortal Jensen Huang,” Jim Cramer said of the company’s chief exec. He added that his long-term thesis on the stock…
The Asia-Pacific region is set to see strong data center demand over the next few years, which is a boon for artificial data center operators and hyperscalers’ expansion in that part of the world, Bank of America found. APAC data center capacity is set to double in five to six years at a compound annual growth rate of 14% in the next five years, adding nearly 2 gigawatts of new capacity per year, analyst Sriharsh Singh said in a Tuesday note. “Data center demand continues to shift towards hyperscalers (Microsoft, Amazon, Google, ByteDance) with data center investments growing in scale,”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDavid Rosenberg, Rosenberg Research founder & president, joins ‘Fast Money’ to talk why he predicts a recession is imminent.06:1516 minutes ago Source link
TALLAHASSEE, Fla. — A proposal to put golf courses in a Florida state park — which has landed Gov. Ron DeSantis in hot water politically — involved two of the biggest names in professional golf history: Tiger Woods and Jack Nicklaus.The proposal to build courses at Jonathan Dickinson State Park in Southeast Florida is now put on hold after bipartisan pushback and protests across the state. But had the idea received state approval, and both Woods and Nicklaus would have been involved in course-design work.”There were actually going to be at least two courses; one would be a Tiger course…
Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race.Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. The day she was fired was an “aha moment,” she recently told CNBC. She visited her brother at work, and he suggested the two start a business selling her cupcakes. They quickly created a website and shot images of cupcakes using a white sheet as a backdrop. Back in 2008, Ben-Ishay was doing it all: hand-delivering cupcakes to tastings, cold…
