Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’
Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn’t giving investment advice, Nvidia is the top beneficiary of the AI boom.
Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and were on pace for their best day since November 2020, after the networking company announced layoffs and an earnings beat.
NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal
NBC Sports is banking on the long-term success of Peacock and sports as the linchpin to making its $2.45 billion bid for the NBA profitable.
Lockheed Martin to take struggling spacecraft manufacturer Terran Orbital private in $450 million deal
Lockheed Martin is buying Terran Orbital, the company announced Thursday.
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
‘I see a lot of denial’: C-suite advisor says business bosses still expect a Trump win
U.S. business leaders are “in denial” about Kamala Harris’ growing lead over Donald Trump, according to C-suite advisor Tina Fordham.
Amazon to test Prime Air drone delivery service in the UK
Amazon and six other organizations will take part in a trial that will test the use of drone flights to remote locations.
Inside the $93 million Wall Street heist that stemmed from Russia
“The Crimes of Putin’s Trader” recounts the rise and fall of Vladislav Klyushin and his business empire. He was just released from a U.S. prison in a prisoner swap.
Biden administration releases prices of 10 drugs in Medicare negotiations, says U.S. will save $6 billion in first year
It is a milestone in a controversial process that aims to make costly medications more affordable for older Americans but is strongly opposed by drugmakers.
Columbia University president resigns months after Israel-Hamas war protests roiled campus
Columbia University President Minouche Shafik said she resigned on Wednesday, nearly four months after overseeing the university’s handling of campus protests over Israel’s war in Gaza.
