Nvidia Profit Soars 65% as Data Center Chip Sales Hit $51 Billion
The Numbers Nvidia posted a profit of $31.9 billion in its most recent quarter. That's up 65% from a year earlier and 245% from the year before that. Only Google parent Alphabet made more money among tech giants in the same quarter. Total revenue hit $57 billion, topping Wall Street's $55.2 billion estimate. Sales of […]
Housing Shows Rare Buyer's Market But Affordability Still Keeps Many Out
The Buyer's Market This is the strongest buyer's market in housing in more than a decade, according to a new Redfin report. There were 36.8% more sellers than buyers in October. That's the largest gap in records dating back to 2013. Redfin defines a buyer's market as one with at least 10% more sellers than […]
The Results Target posted a drop in quarterly sales Wednesday. The company lowered its full-year profit guidance as shoppers hunt for deals. Target expects adjusted earnings per share between $7 and $8 for the year. That's down from a previous range of $7 to $9. Much of the new range is lower than last year's […]
Crypto Sheds More Than $1T in Six Weeks Amid Bubble Fears
The Crash More than $1 trillion has been wiped off the crypto market in the past six weeks. The market has fallen by a quarter since early October, according to CoinGecko. Bitcoin has dropped 27% over the same period to $91,212. That's its lowest level since April. The crypto crash comes amid fears of a […]
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