Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Jeff Swensen | Getty ImagesDonald Trump’s presidential running mate JD Vance is urging Silicon Valley billionaire Peter Thiel to “get off the sidelines” and financially support the Republican ticket, Vance told the Financial Times.Vance, in an interview in the key swing state of Wisconsin, told the outlet that he will keep trying to push Thiel, his former boss, to ditch his decision to stay out of the 2024 presidential race.”I’m going to keep on talking to…
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Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland.Jonathan Nackstrand | Afp | Getty ImagesFinland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will be stored for 100,000 years.The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and “a model for the entire world.”At some point either next year or in early 2026, highly radioactive spent nuclear fuel will be packed in…
This year’s wine harvest is in full swing on the perennially popular Greek island of Santorini, but for local winemaker Yiannis Paraskevopoulos, the prospects do not look good.Extreme temperatures are threatening production of the indigenous Assyrtiko grape, critical to the island’s internationally recognized fine white wines. Last year’s output at Paraskevopoulos’s Gaia Wines was around one-third of 2022 production. This year’s harvest is estimated to fall to one-sixth of 2022 levels.”We thought we had seen the worst. But no, we hadn’t: 2024 has gone beyond all expectations,” Paraskevopoulos told CNBC over the phone.According to Gaia Wine’s 2023 estimates, Assyrtiko could…
CrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of a global outage.Here is how the company did compared to LSEG consensus:Earnings per share: $1.04 adjusted vs. 97 cents expectedRevenue: $963.9 million vs. $959 million expectedCrowdStrike’s revenue grew 32% year over year in the quarter, which ended July 31, according to a statement. The company recorded net income of $47 million, or 19 cents per share, compared to $8.47 million, or 3 cents per share, in the same quarter a year ago.Annual recurring…
NEW YORK — Craig Anderson pauses the phone call. He’s got to get his notes.He returns with a sheet of paper he’s had for 62 years — the day-by-day performance of the 1962 New York Mets.“Somebody gave this to me at the end of the ’62 season,” he says. “I’ve kept it all these years.”The ledger documents the misfortunes of the losingest team in baseball history — a team on the cusp of one more loss: its place in history. While nine members of ’62 are still alive, Anderson and fellow pitcher Jay Hook are the only two who spent…
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty ImagesEuro zone inflation dropped to a three-year low of 2.2% in August, flash figures from statistics agency Eurostat showed Friday, boosting expectations for a September rate cut from the European Central Bank.The decline from 2.6% in July was in line with the forecast of economists polled by Reuters.The core rate — excluding the more volatile components of energy, food, alcohol and tobacco — fell to 2.8%…
Check out the companies making headlines in midday trading. Dollar General – The discount retailer’s shares tumbled around 32% after the company slashed its sales and profit guidance for the full year. Dollar General CEO Todd Vasos said the softer sales trends are partially attributable to a core customer who feels “financially constrained.” The retailer also reported disappointing results for the fiscal second quarter. Shares of competitor Dollar Tree fell more than 10% in sympathy. Affirm – Shares surged about 32% on the buy now, pay later company’s stronger-than-expected revenue outlook for the fiscal first quarter. Affirm expects revenue for…
A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024. Nurphoto | Nurphoto | Getty ImagesNvidia shares fell on about 6% Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of increasingly lofty expectations.Nvidia reported July quarter revenue on Wednesday of more than $30 billion, up 122% year on year.It was the fourth straight quarter of triple-digit revenue growth. But as Nvidia continues its rapid expansion, the annual comparisons are getting tougher.Nvidia issued market-beating revenue guidance…
Dell Technologies was an unexpected major beneficiary of artificial intelligence tailwinds this week. Shares of Dell added 1% on Friday after the computer hardware maker topped Wall Street’s quarterly estimates , with server sales surging 80% as AI momentum shows no signs of a slowdown. The stock is on track for a slight week-to-date gain. Still, that is enough to outperform the AI darling everyone was paying attention to when the week began: Nvidia. The chipmaker is down more than 8% this week after its fiscal second-quarter results showed a decline in gross margins. As for Dell, its latest quarterly…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailShehzad Quai, China Beige Book COO and Managing Director, joins ‘Fast Money’ to talk the Chinese consumer as shares of Temu-parent company Pinduoduo sink.06:09Mon, Aug 26 20247:24 PM EDT Source link
