• August 29, 2024

Houthis Say Tugs Can Tow Away Stricken Red Sea Oil Tanker

(Bloomberg) -- Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might help avert an environmental disaster. The 9...

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• August 29, 2024

Nvidia investors should've sold the stock a month ago, strategist says

One Nvidia ( NVDA ) bear warned the time has come for investors to sell. Nvidia failed to meet sky-high expectations when it reported its fiscal second quarter earnings on Wednesday. Nvidia ...

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• August 29, 2024

Controversial California bill to prevent AI disasters heads to Newsom despite pushback from Big Tech

California lawmakers passed a sweeping artificial intelligence bill, SB 1047, that seeks to establish safeguards for tech firms developing large AI models. If signed into law, SB 1047 would dramatic...

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• August 29, 2024

Houthi video shows the Yemeni rebels planted bombs on tanker now threatening Red Sea oil spill

DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels released footage on Thursday showing their fighters boarded and placed explosives on a Greek-flagged tanker, setting off blasts that put th...

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• August 29, 2024

Nvidia’s business is growing faster than expected. Investors were still disappointed.

Sometimes your best just isn’t good enough. That’s the lesson Nvidia ( NVDA ) learned Wednesday after the company’s stock price fell 3% despite posting better-than-expected second quarter earning...

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• August 29, 2024

Dollar Eyes 2024’s Biggest Monthly Loss as Fed Signals Cut

(Bloomberg) -- The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major p...

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• August 29, 2024

Treasury Yields Rise After Resilient Data Suggests Measured Fed

(Bloomberg) -- US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year. Yields were some...

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• August 29, 2024

US economy displays resilience with low layoffs, solid second-quarter growth

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming ...

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• August 29, 2024

Gold Holds Gains as Traders Digest Data, Await Inflation Print

(Bloomberg) -- Gold held gains as traders assessed the latest US data while awaiting a key inflation gauge that may shed more light on the path of the Federal Reserve’s interest-rate policy. Gros...

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• August 29, 2024

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

(Bloomberg) -- Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profi...

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