Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 27, 2025, in New York City. Timothy A. Clary | Afp | Getty Images Investors are getting nervous the U.S. government might struggle to pay its debt — and they are snapping up insurance in case it…
Nvidia, an industry leader in artificial intelligence chips used by companies like OpenAI and a bellwether for tech stocks, reported earnings after market close on Wednesday. The company reported revenue of $44.06 billion for the quarter ending April 27, 2025, exceeding expectations of $43.31 billion, according to LSEG consensus estimates. Adjusted earnings per share came…
Constituents booed Republican congresswoman Ashley Hinson at a town hall in her Iowa district Wednesday when she praised Donald Trump’s tax-and-spending plan and spoke approvingly of the “department of government efficiency’s” (Doge) efforts to downsize the federal government. It was the latest instance of a Republican lawmaker being taken to task at a public event…
Sopa Images | Lightrocket | Getty Images HP reported second-quarter results that beat analysts’ estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump’s sweeping tariffs. Shares sank 15% after the report. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 71 cents adjusted vs. 80…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company. “Tesla’s stock price volatility, declining sales, as…
Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company…
Donald Trump has claimed he warned Israel against attacking Iran because he believed he was very close to a deal on Tehran’s nuclear programme in which US inspectors will be given unparalleled access to sites to ensure the country is not planning to build a nuclear bomb. At a White House press conference on Wednesday,…
Jensen Huang, co-founder and CEO of Nvidia, speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia reported better-than-expected earnings and revenue on Wednesday, as the company’s booming data center business recorded year-over-year growth of 73%. The stock rose about 4% in extended trading. Here’s how…
The Synopsys headquarters in Mountain View, California, on April 13, 2022. David Paul Morris | Bloomberg | Getty Images Shares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after The Financial Times reported that the White House told them to stop selling to clients in China. Cadence stock declined nearly 11%,…
Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the Federal Open Market Committee reflected ongoing misgivings about the direction of fiscal and trade policy, with officials ultimately…
