Nvidia shares close up after company unveils latest AI chips
Nvidia stock closed up 1% on Tuesday after the company unveiled its latest generation of artificial intelligence chips called Blackwell.
JetBlue cuts routes spanning Los Angeles to Lima in race to lower costs
JetBlue is under increased pressure to reduce expenses and return to profitability.
MicroStrategy’s debt-fueled bitcoin purchases helping drive froth, raising risk of downturn, JPMorgan says
MicroStrategy just scooped up even more bitcoin using money raised through debt. That has contributed to propping up the cryptocurrency’s price.
Supreme Court allows a new Texas immigration law that gives police the power to arrest migrants
The Biden administration sued to block the law, saying it tramples on the federal government’s exclusive authority to oversee immigration issues.
Global energy demand will outpace population growth through 2050, Kuwait oil CEO says
Kuwait Petroleum Corporation CEO Shaikh Nawaf al-Sabah said oil demand will increase during the energy transition.
IOC excludes Russian and Belarusian athletes from taking part in the Paris Olympics opening ceremony
Russian and Belarusian athletes will not be allowed to take part in the traditional parade at the opening ceremony at the Paris Olympics, the IOC said Tuesday.
Shipping giants and customers like big-box retail are far apart on price in peak ocean freight contract season
Ocean freight rates made volatile by Red Sea and Panama Canal issues will be set in the weeks to come, and neither carrier or customers are ready to blink.
General Electric’s final spinoff is days away. It’s not too late to profit from the move
GE stock has outperformed the market over the past year as investors bet that the company’s break-up will unlock value. Why it’s not too late to jump in.
European markets close in the green as investors look ahead to Fed meeting
European markets closed slightly higher Tuesday, as global investors looked to the start of the U.S. Federal Reserve’s two-day policy meeting.
Crypto firm Ledger to launch iPod-inspired crypto wallet in May, after months of delays
The product has reportedly faced production bottlenecks.
