Business

Boeing, Union Reach Tentative Deal to End Strike. Wages Would Jump 35%. Source link

The past few years have marked a renaissance in the popularity of stock splits. The practice was commonplace during the 1990s but had fallen out of favor, only to be discovered by a new generation of investors over the past few years. Companies will generally make the decision to split …

Nvidia (NASDAQ: NVDA) dominated the artificial intelligence boom thus far, and it’s easy to see why. The company has a monopoly-like share of the data center GPU market with an estimated 98% in 2023. Those are the components that cloud hyperscalers like Amazon and Microsoft and AI start-ups like OpenAI …

Buy the dip. That was the mindset around chip stocks this week as investors scooped up beaten-down shares, sending Nvidia to a record high. A strong outlook for Taiwan Semiconductor (TSM) was enough to revive Wall Street’s enthusiasm for AI as growing confidence in the AI boom overshadowed chip supplier …

‘Don’t Normalize’ Trump’s Behavior, Warns Mark Cuban, Says It’s An Insult To American Workers To Claim Their Job Could Be Done By A Child In a recent social media clash, Mark Cuban called out Donald Trump for insulting American autoworkers. Cuban, the entrepreneur and part-owner of the Dallas Mavericks, took …

Boeing’s labor strike entered its sixth week on Friday. With 33,000 workers from the International Association of Machinists (IAM) off the job and on the picket lines, Boeing (NYSE: BA) production of 737, 767, and 777 airliners is shut down and, according to even the most conservative estimates, Boeing is …

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The bullish euphoria that came from the possibility of a quick return to neutral rates after the Fed’s 50 basis point cut in September has faded. But it’s …

Nvidia (NASDAQ: NVDA) pioneered the graphics processing unit (GPU) in 1999 to render computer graphics for gaming and multimedia purposes. Since GPUs are capable of parallel processing — meaning they can seamlessly perform multiple tasks at the same time — they are also ideal for compute-intensive workloads like machine learning …

In the first half of 2024, the billionaires listed below started positions in BlackRock‘s exchange-traded fund (ETF) that tracks the spot price of Bitcoin (CRYPTO: BTC). The fund is called the iShares Bitcoin Trust (NASDAQ: IBIT). Their positions remain small, but their ownership is still noteworthy because they manage the …

Chipotle Mexican Grill (NYSE: CMG) investors have been on edge since the announcement of the departure of powerhouse CEO Brian Niccol in August. The stock fell after its split in June, and it’s tentatively making its way back up as investors get comfortable with the idea that the chain can …