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%…
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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
Jeremy Strong as Roy Cohn and Sebastian Stan as Donald Trump in “The Apprentice.”Courtesy: Mongrel Media | Everett Collection”The Apprentice,” a film dramatizing Donald Trump’s rise through New York City real estate and his relationship with political power broker Roy Cohn, will hit theaters in October in the final stretch of the presidential election, according to a source with knowledge of the deal.Briarcliff Entertainment, an independent distributor, plans to release the movie on Oct. 11, the source said. Sebastian Stan stars as Trump and Jeremy Strong of “Succession” fame plays Cohn, one of the former president’s mentors.”The Apprentice” premiered in May at the 77th…
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of the Treasury and the IRS on Monday unveiled a plan to “close a major tax loophole” used by large, complex partnerships, which could raise more than an estimated $50 billion in tax revenue over the next 10 years.The plan targets so-called “related party basis shifting,” where single businesses operating through different legal entities trade original purchase prices on assets to take more deductions or reduce future gains, according to the Treasury.”These tax shelters allow wealthy taxpayers…
Republican Vice Presidential candidate Sen. JD Vance (R-OH) speaks at a campaign rally at VFW Post 92 on August 15, 2024 in New Kensington, Pennsylvania. Jeff Swensen | Getty ImagesRepublican presidential running mate Sen. JD Vance offered few specifics when grilled Friday about how former President Donald Trump would pay for his new plan to require the government or private insurers to cover the cost of in vitro fertilization treatments.”Is this an expansion of Obamacare? Is this a mandate?” CNN anchor John Berman asked the Ohio senator.”Well, look, I think you have insurance companies that obviously are forced to cover a…
If you’re a digital nomad or remote worker in the tech industry looking for a change of scenery, maybe Spain is the place for you.This month, the local government of Extremadura, Spain, announced it was offering up to €15,000 or $16,703 to move to the area for at least two years. The autonomous community has one of the lowest populations in Spain and has allocated €2 million to entice the relocation of 200 digital nomad and remote workers to the region.A press release from the Extremadura government states that the grants are for “available housing, arable land, and everything necessary…
A woman tests Vueling’s new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain. David Zorrakino | Europa Press | Getty ImagesAs end-of-summer travel lines back up at TSA airport checkpoints in the U.S., one overseas airport is going all-in on a biometric passenger experience. The Smart Travel Project at Zayed International Airport in Abu Dhabi will involve biometric sensors at every airport identification checkpoint by 2025.Airport security and travel experts have generally cheered the move.”They are boldly moving forward in adopting facial recognition as the means to let travelers into their…
