Nvidia's first-quarter revenue surged over 69%, exceeding expectations despite recent tariff uncertainty. Strong demand for its AI chips fueled the growth, easing concerns about the impact of tariffs recently blocked by a US court. CEO Jensen Huang anticipates accelerating demand for AI computing. The positive results boosted...
Best Buy reported lower-than-expected first-quarter revenue ($8.77 billion vs. $8.81 billion expected) and reduced its full-year sales and profit guidance due to increased tariffs on consumer electronics. The company now projects $41.1 billion to $41.9 billion in revenue for fiscal 2026, down from its previous forecast. Higher tariffs,...
Nvidia's Q1 revenue surged 69% to $44.06 billion, driven by a 73% jump in data center revenue. However, US export restrictions on AI chips effectively closed the $50 billion Chinese market to Nvidia, resulting in a $4.5 billion inventory charge. Despite this setback, Nvidia is aggressively expanding its...
Despite wildfire damage and challenges, California avocado growers are optimistic due to booming US demand. Mexican avocado imports, initially feared as competition, have fueled year-round availability and increased consumption. The Hass Avocado Board's marketing efforts and consumers' preference for healthy fats have further boosted the market. While California...
Nvidia reported a $4.5 billion Q1 charge and a projected $8 billion Q2 revenue hit due to US chip export restrictions impacting sales of its H20 AI chip to China. The restrictions prevented $2.5 billion in H20 sales during Q1. CEO Jensen Huang stated that while exploring options to...
HP's second-quarter revenue surpassed expectations at $13.22 billion, exceeding the projected $13.14 billion. However, earnings per share (71 cents) fell short of the anticipated 80 cents, leading to a 15% stock drop. The shortfall and lowered guidance for the third and fourth quarters are attributed to President Trump's tariffs....
Vice President JD Vance and Donald Trump's sons promoted cryptocurrency at the Bitcoin 2025 conference in Las Vegas, highlighting its potential to benefit Americans. While cryptocurrency adoption remains relatively low (around 7-17% depending on the source), Vance emphasized its role in financial inclusion, particularly for the unbanked. Recent...
A federal judge has rejected Elon Musk and the Department of Government Efficiency's (DOGE) motion to dismiss a lawsuit alleging illegal access to government data, contract cancellations, and employee firings. Fourteen states, led by their attorneys general, claim constitutional violations. While the judge dismissed President Trump from the...
Ford is recalling over 1 million vehicles in the US due to a software problem causing delayed, frozen, or blank rearview camera images. Affected models include the Bronco, Edge, F-150, Escape, Expedition, Mustang, Mustang Mach-E, Lincoln Navigator, and Lincoln Nautilus from model years 2021-2024. A software update will...
Abercrombie & Fitch's stock surged 25% despite a lowered profit outlook due to tariffs, impacting earnings by $50 million. First-quarter results exceeded expectations, with EPS at $1.59 (vs. $1.39 expected) and revenue at $1.1 billion (vs. $1.07 billion expected). While full-year EPS is now projected between $9.50 and...
