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THE TRUTH ABOUT: Visible alpha - Caught on Camera

Nvidia gave its first-ever year-ahead forecast—a 70% growth bombshell meant to silence AI bubble critics and ‘circular financing’ doomsayers

Nvidia’s stock climbed more than 4% in after-hours trading after delivering a blowout quarter and projecting $100 billion more revenue than analysts were expecting for next fiscal year.

Fortune

Elon Musk delivers ‘totally nuts’ plan for moon robots and $1 trillion revenue target, but capex tanks SpaceX on debut earnings

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

Fortune

Spotify forecasts weak profit as user growth slows in North America, Europe

Spotify anticipates lower third-quarter profit, missing Wall Street expectations. Slowing user growth in key regions impacts the streaming giant's performance. New AI features and a fan cover agreement aim to attract more users. Revenue is projected to slightly exceed estimates, while active users fall short. The company's shares have experienced…

The Economic Times

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Microsoft beats Wall Street expectations with $90 billion in revenue

Microsoft reported robust quarterly earnings, exceeding analyst expectations significantly. The company's cloud computing platform, Azure, saw substantial revenue growth this period. Paid users for Microsoft's AI assistant, Copilot, also experienced a notable increase. Azure revenue surpassed one hundred billion dollars for the first time this year. These strong results reflect…

The Economic Times

Amazon and Microsoft are spending $400 billion on AI—and investors are low on patience

Days after Wall Street punished Alphabet for its unbridled spending on AI infrastructure, the world’s two leading cloud giants are set to provide the latest update on their long-running rivalry.

Fortune

Nike Sales Expected to Drop 1% as China Demand Falls 9%: Dec 18 Report

Nike's Q2 revenue is forecast at $12.2 billion, down 1%, with China sales seen falling 9% to $1.6 billion as rivals On and Hoka test Elliott Hill's turnaround push.

International Business Times UK

Holiday Sales Face Test as Unemployment Reaches 4.6%, Part-Time Work Surges

US unemployment is higher and more workers are on shorter hours as holiday spending shifts online, while luxury brands face falling sales and a slow recovery.

International Business Times UK

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Pound falters as soft inflation tees up rate cut

Analysts say that there is potential for the Bank of England to resume cutting rates in December.

The Independent UK

Stocks fall amid weak GDP print ahead of Budget

The FTSE 100 index closed down 103.74 points, 1.1%, at 9,807.68.

Evening Standard

Stocks mixed amid GDP miss and fresh trade worry

The UK economy fell at a faster pace than expected in April, numbers on Thursday showed, as services output slumped.

Evening Standard

Should You Buy This Dividend King After Its Beat-and-Raise Quarter?

This market intelligence firm reported a blowout Q3, and also provided upbeat guidance.

Barchart

S&P Global Acquires Visible Alpha; Considers Options For Fincentric

S&P Global enhances financial data offerings through Visible Alpha acquisition, exploring options for Fincentric.

Top News

Gucci’s Sales Growth Eases in Q2 as China Lockdowns Weigh

Gucci's sales growth eases in Q2 as China lockdowns weigh Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market. Overall sales for Kering,…

Asharq Al-Awsat

LVMH Q2 Sales Climb 19%, Offsetting Slower China

Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US and China helped it offset a new round of lockdowns in China. LVMH, which owns dozens of high-end labels such as Tiffany, said sales came to 18.73…

Asharq Al-Awsat

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