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Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024. Chalinee Thirasupa | Reuters With about 10 minutes left until the market’s close, Microsoft’s stock was down for the week. It would’ve been the first eight-week losing streak since 2008. But the shares popped just before

Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008 Read More »

Abu Dhabi’s ADQ and American private equity firm ECP make  billion bet on powering U.S. data centers

Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025.  Leah Millis | Reuters Sovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment partnership dedicated to increasing power generation, primarily in the

Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers Read More »

Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

Nvidia CEO Jensen Huang interviews executives from quantum computing firms at Nvidia’s annual developer conference in San Jose, California, U.S., March 20, 2025.  Stephen Nellis | Reuters Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the

Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks Read More »

AMD’s Lisa Su has already vanquished Intel. Now she’s going after Nvidia

AMD’s Lisa Su has already vanquished Intel. Now she’s going after Nvidia

Lisa Su, CEO of AMD, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, Feb. 10, 2025.  Benoit Tessier | Reuters When Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of potential bankruptcy. In its core market,

AMD’s Lisa Su has already vanquished Intel. Now she’s going after Nvidia Read More »

Nike will report earnings after the bell. Here’s what Wall Street expects

Nike will report earnings after the bell. Here’s what Wall Street expects

Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China.  Cheng Xin | Getty Images Nike will report fiscal third-quarter earnings after the bell on Thursday and provide updates on its turnaround plan as it navigates new tariffs and soft consumer

Nike will report earnings after the bell. Here’s what Wall Street expects Read More »

Darden Restaurants sales disappoint, but Olive Garden parent sees consumers continuing to spend

Darden Restaurants sales disappoint, but Olive Garden parent sees consumers continuing to spend

Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections. The restaurant company blamed weather for the sales slowdown and maintained its full-year forecast, lifting investors’ confidence that the rough quarter was a blip. Darden shares rose 6% in morning trading. Here’s what the company reported compared with what

Darden Restaurants sales disappoint, but Olive Garden parent sees consumers continuing to spend Read More »

Edible Arrangements’ parent company is launching a marketplace for the other kind of edibles

Edible Arrangements’ parent company is launching a marketplace for the other kind of edibles

The homepage for Edibles.com, the hemp marketplace from the parent company of Edible Arrangements Source: Edible Brands The parent company of Edible Arrangements is moving into a different kind of edible. Edible Brands is launching Edibles.com, an e-commerce marketplace for hemp products, like Cann drinks and Wana gummies. The 2018 Farm Bill legalized hemp, which

Edible Arrangements’ parent company is launching a marketplace for the other kind of edibles Read More »

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