Asia stocks pummeled by fresh Wall Street slide, safe havens in demand
TOKYO (Reuters) – Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil.
Nvidia’s upbeat forecast powered by data center, cryptocurrency demand
(Reuters) – Nvidia Corp’s upbeat current-quarter revenue forecast on Thursday underscored surging demand for its graphics chips used in data centers, gaming devices and cryptocurrency mining, sending its shares up as much as 12 percent in extended tra…
Wall Street plummets; S&P, Dow confirm correction
NEW YORK (Reuters) – U.S. stocks plunged around 4 percent on Thursday in another dramatic session, confirming a correction that has thrown the market’s nearly nine-year bull run off course.
News Corp results beat on gains in digital real estate unit
(Reuters) – Wall Street Journal-owner News Corp reported better-than-expected quarterly revenue and profit on Thursday, as growth in its online real estate business helped offset a fall in advertising revenue.
Qualcomm rejects Broadcom’s revised buyout offer, proposes meeting
(Reuters) – U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd’s revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certain…
Nvidia shares surge 11 percent as GPU chip demand skyrockets
(Reuters) – Nvidia Corp reported a better-than-expected 34 percent jump in quarterly revenue on Thursday, underpinned by strong demand for its graphics chips used in data centers, gaming devices and in cryptocurrency mining.
Wall Street plummets again as S&P, Dow confirm correction
NEW YORK (Reuters) – U.S. stocks plunged on Thursday in another dramatic trading session, confirming a correction for the market that has thrown its nearly nine-year bull run off course.
Nvidia shares surge 6 pct as profit, revenue beat estimates
(Reuters) – Nvidia Corp reported a better-than-expected 34 percent jump in quarterly revenue on Thursday, underpinned by strong demand for its graphics chips used in data centers, gaming devices, self-driving vehicles and in cryptocurrency mining.
AIG posts $6.7 billion loss on tax reform, catastrophes
(Reuters) – American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes.
News Corp quarterly revenue rises 3 percent
(Reuters) – Wall Street Journal-owner News Corp reported a 3 percent rise in quarterly revenue on Thursday, helped by growth in its digital real estate business.
