Despite Nvidia’s post-earnings decline, the S & P 500 managed to advance by 0.7% on Thursday. The AI chipmaker’s shares tumbled by 3.5% after surpassing estimates on both revenue and profit. However, the company fell short of analysts’ expectations for its full-year outlook on gross margins. Jim Cramer referred to this as a setback for
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MongoDB experienced a significant surge in its shares, rising by a remarkable 16% in after-hours trading following the announcement of its healthy fiscal second-quarter earnings. The company exceeded expectations with earnings per share coming in at 70 cents adjusted, compared to the anticipated 49 cents. In terms of revenue, MongoDB reported $478.1 million, surpassing the
As the season of fall foliage and pumpkin spice lattes rolls around, there is also a potential shift in the job market. Some experts suggest a “September surge,” where more job postings become available after Labor Day due to the end of a summer slowdown. Career coaches have noted that during the summer months, there
The once-thriving discount retailer, Dollar General, experienced a significant drop in its shares on Thursday. This unexpected tumble was a result of the company slashing its sales and profit guidance for the full year. The retailer, known for catering to lower-income customers in rural areas, is facing challenges in today’s economy. CEO Todd Vasos mentioned
The landscape of cannabis consumption has undergone a significant transformation, with legal avenues for cannabis consumption now infiltrating the luxury market on Fifth Avenue in New York City. The legalization of adult-use marijuana in New York State has paved the way for licensed dispensaries to flourish, with sales exceeding $100 million last year. Shoppers can
General Motors has recently announced its decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand. This strategic move is aimed at boosting sales, accessibility, and recognition of these vehicles among consumers. By aligning the BrightDrop vans with the strong Chevrolet brand, GM hopes to drive increased volume and cater to customers looking
Chinese electric car companies are intensifying their competition not only in terms of pricing but also in the realm of chip-powered tech features. Nio and Xpeng have made announcements regarding the readiness of their in-house designed auto chips for production. This move marks a shift from relying on established brands like Nvidia for automotive chips.
Salesforce has witnessed a 4% surge in its shares during extended trading after exceeding estimates in its fiscal second-quarter results. The company reported earnings per share of $2.56, adjusted compared to the expected $2.36, and revenue of $9.33 billion as opposed to the estimated $9.23 billion. This strong performance has led to a positive outlook
Amazon is facing a significant challenge in increasing revenue from its retail business. With short-attention-span consumers demanding bigger and better bargains, the bar is set high for the e-commerce giant. According to research firm MoffettNathanson, Amazon’s retail business needs to step up and fill the shoes left by Amazon Web Services (AWS) in terms of
Fans of the Dallas Mavericks and New Orleans Pelicans are gearing up for the upcoming National Basketball Association season with anticipation of changes in how they consume local games. According to a recent bankruptcy court filing, both teams are parting ways with their regional sports networks owned by Diamond Sports. This shift is happening just