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NVIDIA Teams With Foxconn To Boost AI Industrial Revolution

NVIDIA Teams With Foxconn To Boost AI Industrial Revolution

Tech major NVIDIA Corp. is collaborating with Taiwanese electronics contract manufacturer Foxconn, also known as Hon Hai Technology Group, aiming to accelerate the industrial revolution in artificial intelligence or AI. Under the deal, Foxconn, which is also Apple's key iPhone assembler and supplier with major operations in China, will integrate NVIDIA technology to develop a new class of data ce
RTTNews | Pred 587 dňami
U.S. Housing Starts Surge 7.0% In September

U.S. Housing Starts Surge 7.0% In September

A report released by the Commerce Department on Wednesday showed a substantial rebound in new residential construction in the U.S. in the month of September. The Commerce Department said housing starts spiked by 7.0 percent to an annual rate of 1.358 million in September after plunging by 12.5 percent to a revised rate of 1.269 million in August.
RTTNews | Pred 588 dňami
Dollar Mixed Ahead Of U.S. Building Permits And Housing Starts Data

Dollar Mixed Ahead Of U.S. Building Permits And Housing Starts Data

U.S. building permits and housing starts for September are due at 8:30 am ET Wednesday. Ahead of the data, the greenback traded mixed against its major rivals. While it rose against the euro, it eased against the franc and the yen. Against the pound, it held steady.
RTTNews | Pred 588 dňami
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Morgan Stanley Q3 Profit Down 9%, But Tops Estimates

Morgan Stanley Q3 Profit Down 9%, But Tops Estimates

Financial services firm Morgan Stanley reported Wednesday a profit for the third quarter that decreased 9 percent from last year, pulled down by surging provisions for credit losses and higher expenses, despite 2 percent revenue growth. Both adjusted earnings per share and quarterly topped analysts' estimates.
RTTNews | Pred 588 dňami
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Energy and materials shares are likely to see some hectic buying on Bay Street on Wednesday. But the market may find it tough to hold gains amid geopolitical concerns and interest rate worries.
RTTNews | Pred 588 dňami
Canadian Dollar Climbs As Middle East Tensions Mount

Canadian Dollar Climbs As Middle East Tensions Mount

The Canadian dollar moved up against its major counterparts in the European session on Wednesday, as oil prices jumped over 3 percent after a huge explosion at a Gaza hospital derailed the diplomatic efforts led by the U.S. to mobilize support for "Israel's right to defend itself".
RTTNews | Pred 588 dňami
Nasdaq Q3 Results Top Estimates; Declares Dividend

Nasdaq Q3 Results Top Estimates; Declares Dividend

Nasdaq Inc. (NDAQ) reported Wednesday that its net income for the third quarter grew to $294 million or $0.60 per share, compared to $294 million or $0.59 per share in the prior-year quarter.
RTTNews | Pred 588 dňami
First Horizon Q3 Adj. EPS Tops Estimates, But Revenues Miss

First Horizon Q3 Adj. EPS Tops Estimates, But Revenues Miss

First Horizon Corp. (FHN) reported Wednesday that its net income available to common shareholders for the third quarter plunged to $129 million or $0.23 per share from $257 million or $0.45 per share in the prior-year quarter.
RTTNews | Pred 588 dňami
UK Inflation Steady At 6.7%

UK Inflation Steady At 6.7%

UK consumer price inflation remained unchanged in September as the rise in oil prices was offset by the slowdown in food inflation, but this is unlikely to prompt the Bank of England to end the current pause and raise rates further in the November policy session. The consumer price index, or CPI, posted a steady annual growth of 6.7 percent in September, the Office for National Statistics reporte
RTTNews | Pred 588 dňami

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