A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022.Jason Alden | Bloomberg | Getty ImagesBoeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the wide-body aircraft.The company said it discovered the damage to the custom part, which it said is between the engine and the airplane structure, during scheduled maintenance. It has since grounded the three other 777-9 airplanes in its test fleet. No other flight testing was scheduled for the…
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Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.Justin Sullivan | Getty ImagesNvidia reported its fourth-straight quarter of triple-digit revenue growth on Wednesday, sailing past estimates on the top and bottom line while also issuing a forecast that topped Wall Street expectations. The company even bolstered its buyback program with a plan to repurchase $50 billion in shares.But the stock dropped 7% in extended trading.That’s life for Nvidia, which has ridden the artificial intelligence boom to a $3 trillion market cap, soaring almost…
Former U.S. President Donald Trump speaks during the NRA ILA Leadership Forum at the National Rifle Association (NRA) Annual Meeting & Exhibits at the Kay Bailey Hutchison Convention Center on May 18, 2024 in Dallas, Texas. Justin Sullivan | Getty ImagesIn a new book of photographs, former President Donald Trump describes his term in office and his post-presidency in his own words, captioning photos of key moments in his political career.The Trump-authored book, titled “Save America,” includes his recollections of meetings with foreign leaders, photos of family milestones and appearances alongside celebrity golfer Jack Nicklaus and musician Kid Rock, according to excerpts obtained…
Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the current quarter, Nvidia expects about $32.5 billion in revenue, more than the $31.77 billion expected by analysts, according to StreetAccount. Salesforce — The software stock advanced 3.5% after Salesforce reported better-than-expected fiscal second-quarter results and raised its full-year profit outlook. Separately, the company said President…
For some time now, Nvidia has been riding a number of tailwinds, including strong pricing power thanks to high demand for its chips and tight supply that’s helping the company command gross profit margins of over 70%. The chipmaker reported earnings for its fiscal second quarter after the close on Wednesday that beat market expectations, although the stock fell in extended trade Thursday as investors hoped for an even bigger rise . Looking ahead, one fund manager highlighted a sign for investors to watch closely that could foreshadow the start of the erosion of Nvidia’s pricing power and margins. That…
Tesla’s energy storage business has been largely overlooked by investors, but the segment is poised for substantial growth at a time when the automaker is struggling to boost electric vehicle sales, according to William Blair. Analysts Jed Dorsheimer and Mark Shooter initiated coverage of Tesla Thursday with an outperform rating. Tesla Energy is poised for a compound annual growth rate of 50%, they argue, driven by the need to stabilize the grid , build out data centers and integrate renewables into the energy mix. “We view Tesla Energy as the most underappreciated component of the Tesla story and expect the…
Bradley Tusk, Tusk Venture Partners, joins ‘Fast Money’ to talk the week ahead for tech earnings. Source link
The Junior Achievement Free Enterprise Center located in Greenwood Village, Colorado, is where high school students can explore careers and develop a plan to pursue their goals. The center aims to inspire the next generation of entrepreneurs.Entrepreneurship is a common goal for younger people.More than half, or 54%, of Gen Z adults say that they think they’d be happier owning their own business than working a normal day job, according to CNBC and SurveyMonkey’s new Workforce Survey. The survey polled 5,993 U.S. adults in the workforce in early April — including 770 Gen Z respondents age 27 and younger.More from Your Money:Here’s…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market check: The S & P 500 is limping into the long weekend, giving back most of its earlier gains in the session, though the index remains slightly in the green. The tepid action on the last trading day of August comes despite a pair of encouraging economic updates that showed inflation is calming down while the U.S. economy is still growing at a solid pace. The Commerce Department reported Friday that the…
Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model.The Trump report found that his plan to permanently extend the 2017 tax cuts would add more than $4 trillion to deficits over the next 10 years. His proposal to eliminate taxes on Social Security benefits comes with a $1.2 trillion price tag, while his pledge to further reduce corporate taxes would add nearly…
