Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
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Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.MarketWatch - Business -
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline's outlook for the end of the year weighed on its shares.
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline’s outlook for the end of the year weighed on its shares.The Wall Street Journal - World -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.The Wall Street Journal - World -
AI may cause job losses and rise in carbon emissions, report finds
But economists say it could be offset by the creation of new roles and non-automated sectors. Breakthroughs in artificial intelligence could lead to short-term increases in unemployment, a rise in carbon emissions and leave regulators trailing in ...The Guardian - World -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.The Wall Street Journal - World -
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.The Wall Street Journal - Business -
The 84-Year-Old Man Who Saved Nvidia
It’s a $2 trillion company today. It wouldn’t exist without someone known as Irimajiri-san.The Wall Street Journal - World -
The 84-Year-Old Man Who Saved Nvidia
It’s a $2 trillion company today. It wouldn’t exist without someone known as Irimajiri-san.The Wall Street Journal - Business -
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House Passes Bill to Force Biden to Reverse Israel Arms Pause
The legislation has no chance of advancing in Congress or being signed into law. Republicans scheduled a vote anyway in an effort to spotlight Democratic divisions over Israel and rebuke the president.The New York Times - Top stories - Joe Biden -
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China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.CNBC - Business -
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‘Reverse Yankee’ deals boom as Europe’s low borrowing costs lure US groups
American companies issue €30bn in euro-denominated bonds as investor demand for European corporate debt growsFinancial Times - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.CNBC - Business -
‘I’m the new Oppenheimer!’: my soul-destroying day at Palantir’s first-ever AI warfare conference
America’s military-industrial complex took center stage at AI Expo for National Competitiveness, where a fire-breathing panel set the tone. On 7 and 8 May in Washington DC, the city’s biggest convention hall welcomed America’s military-industrial ...The Guardian - World -
AMD supplants Nvidia as this analyst’s top chip stock — but he still likes both
AMD’s stock advances as Wolfe Research writes positively of the company’s AI traction.MarketWatch - Business -
The Crushing Loss of My Beloved Old Couch
Our new settee just doesn’t sit well. How can we ever cushion the blow?The Wall Street Journal - World -
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Roche says weight loss drug shows promising results in early trial
The weekly injection helped patients with obesity lose 18.8% of their weight relative to those who received a placebo, after 24 weeks in the phase one trial.CNBC - Business -
Clark held to rare single digits in Fever home loss
Caitlin Clark scored 9 points in the Fever's 102-66 loss at home to the Liberty. It was the first time Clark was held to single digits in scoring since January 2021.ESPN - Sports -
Roche Climbs After Weight-Loss Drug Shows Efficacy
Roche Holding said its weight-loss drug candidate achieved positive results in an early-stage trial, giving the company a boost in its bid to catch up to Novo Nordisk and Eli Lilly in a class of medicines that has shaken up everything from pharma ...The Wall Street Journal - Business -
Game 6 takeaways: Bruins' season ends in heartbreaking loss vs. Panthers
The Bruins' season came to a close with a tough 2-1 loss to the Panthers in Game 6. Check out our key takeaways from the matchup.Yahoo Sports - Sports - NFL -
A Loss at Mercedes-Benz Slows U.A.W.’s Southern Campaign
After Mercedes workers voted against joining the United Automobile Workers, the union will have less momentum as it campaigns to organize Southern factories.The New York Times - Business -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business