Amazon blew past analyst estimates in its third-quarter earnings report and raised its capital expenditures forecast for the year to $125 billion.… MORE
Category Archives: Top News
Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild
The bond, structured by Aon, is designed to help Jamaica rebuild after natural disasters by providing parametric coverage against losses from named storms.… MORE
S&P 500 and Nasdaq rise, led by Apple and Amazon: Live updates
Stocks rose Friday as investors digested strong quarterly results from tech giants Amazon and Apple.… MORE
Millions face ‘huge sticker shock’ when ACA open enrollment starts Nov. 1
Millions of households logging on to enroll in a health plan via the Affordable Care Act marketplace will see much higher premiums.… MORE
Nvidia CEO Jensen Huang says AI is in a ‘virtuous cycle.’ Here’s what he means
“The virtual cycle of AI has been designed, and this is … the reason why you’re seeing the world’s capex going so fast,” Nvidia CEO Jensen Huang said.… MORE
Nvidia’s Huang downplays concerns over selling AI chips to Beijing: It has ‘plenty’ of its own
“It’s in the best interest of America to serve that China market. It’s in the best interest of China to have the American technology,” the Nvidia CEO said.… MORE
Exxon earnings fall on lower oil prices as OPEC+ raises production
Exxon Mobil on Friday reported third quarter earnings that fell year over year, as oil prices tumbled due in large part to OPEC+ increasing production.… MORE
Affirm gets boost from New York Life with $750 million loan deal
Affirm has secured similar funding lines with Liberty Mutual Investments, PGIM, and Sixth Street Partners, a trend across the buy-now-pay-later sector.… MORE
More retirement investors opting for ‘good enough’ stock portfolio strategy to protect their market money
Retirees are in a tough spot needing stock market growth to fight inflation, but their personal finance plans can’t stomach a major market correction.… MORE
Netflix announces a 10-for-1 stock split
The stock is currently one of 10 stocks in the S&P 500 with a price above $1,000.… MORE