Finance

Broadcom Shares Slide After Investors Seek Bigger AI Payoff

Broadcom Shares Slide After Investors Seek Bigger AI Payoff

(Bloomberg) — Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ ...

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Broadcom gives upbeat forecast for AI demand, Lululemon stock pops, Costco dips

Broadcom gives upbeat forecast for AI demand, Lululemon stock pops, Costco dips

Kroger (KR) stock fell about 3% in premarket trading after the food retailer reported little revenue growth year over year. The Cincinnati-based grocery chain posted adjusted earnings per share of...

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If Google wins AI race, Nvidia is ‘in trouble,’ says author of Jensen Huang biography

If Google wins AI race, Nvidia is ‘in trouble,’ says author of Jensen Huang biography

Nvidia’s (NVDA) AI turf could take a blow if Google (GOOGL, GOOG) keeps firing on all cylinders. “The biggest risk right now obviously is Google,” said Stephen Witt, author of &#...

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Mexico targets Asian imports with new tariffs ahead of USMCA negotiations

Mexico targets Asian imports with new tariffs ahead of USMCA negotiations

The Mexican government on Wednesday approved a sweeping package of new import tariffs — some as high as 50% — on more than 1,400 products from China and other Asian nations. The tariffs are a dram...

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Amazon plans new one-hour pickup service in stores, Business Insider reports

Amazon plans new one-hour pickup service in stores, Business Insider reports

Dec 11 (Reuters) – Amazon is developing a “rush” pickup service that would let customers collect ​orders from its stores within an ‌hour, Business Insider reported on Thursday, c...

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Oil retreats as investor focus returns to Ukraine peace talks

Oil retreats as investor focus returns to Ukraine peace talks

By Ahmad Ghaddar LONDON, Dec 11 (Reuters) – Oil prices eased on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of ...

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