Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Industry
Businesses, Airlines Struggle Amid Global Microsoft-Crowdstrike Tech Outages
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage. Hundreds to thousands of businesses worldwide are still struggling following a faulty software update that caused global tech outages on Friday.
John Deere Is Dropping Its Diversity Initiatives Following Backlash From Conservative Activists
The company also said it will no longer participate in or support "external social or cultural awareness parades, festivals, or events.”
OpenAI Launches ‘GPT-4o Mini’ Ahead of Meta’s Llama 3 Release, New Model 60% Cheaper
The new mini-model is an offshoot of GPT-4o, the company's fastest and most powerful AI model to date. Learn the features of this new model here.
S&P 500, Dow Industrial Average Slumps Amid Possible September Interest Rate Cut From the Federal Reserve
The S&P 500 slid 0.78% on Thursday while the Dow fell 1.29%. Read more about it here. The US stock market saw a significant slump Thursday amid speculations the Federal Reserve could cut its benchmark rates in September.
Latest News
Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.
SpaceX’s reliable Falcon 9 space transportation fleet has been grounded after an unusual failure in its second stage caused its payload, 20 of the company’s Starlink satellites, to deploy in a lower-than-expected orbit and eventually burn into the Earth’s atmosphere.
Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.
JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.
Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
