Nvidia forecast tops expectations on cloud sales despite coronavirus hit
Nvidia Corp on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak.
Mattel beats profit estimates as cost cuts take hold
Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s “Frozen” dolls.
Exclusive: Venezuela’s PDVSA to unload $57 million oil cargo disputed by rival Citgo boards
Venezuela’s state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according t…
JPMorgan sets July deadline for fintechs to sign new data access deals: sources
JPMorgan Chase & Co has told financial technology companies they will be barred from accessing its customer information by July 30 unless they sign data access agreements with the bank and back a plan to stop using customer passwords to gather the data.
U.S. gives Huawei another 45 days to buy from American suppliers
The Trump administration said Thursday it was issuing a 45-day extension allowing U.S. companies to continue doing some business with China’s Huawei Technologies Co Ltd.
Walmart’s Mexico unit posts 4.5% drop in net profit
Walmart de Mexico, Mexico’s largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period last year.
Wall Street slips as coronavirus fears mount
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings.
White House stands by Fed nominee after contentious Senate hearing
The White House expects President Donald Trump’s two nominees for the Federal Reserve Board, Judy Shelton and Christopher Waller, to win Senate confirmation, a spokesman said on Thursday, disputing a report that Shelton’s nomination would be pulled.
Mattel adjusted profit rises on cost cuts, North America Barbie sales dip
Mattel Inc reported a rise in adjusted quarterly profit on Thursday as the company kept a tight leash on costs, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s “Frozen” dolls.
FTC antitrust victory on Qualcomm questioned by appeals court
The U.S. government’s antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday.
