When a company is by far the best performing stock in the entire market, it needs to report perfect results to drive its shares higher. Nvidia did not do that Thursday, when it posted lackluster sales in a key growth market, a unit that serves artificial intelligence applications. The chipmaker reported better-than-expected fiscal second-quarter earnings […]
Read moreWall Street analysts continue to set a very high bar for Snap because the Snapchat-parent won’t give them any clues where to place it. Shares of Snap plunged 13 percent in Friday trading after the company reported worse-than-expected second quarter results, with the number of users added both fewer than anticipated and at a slower […]
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Foreign minister says there's a Russian-Chinese plan underway to defuse US-North Korea crisis
Russian Foreign Minister Sergei Lavrov said on Friday that risks of a military conflict over North Korea’s nuclear program are very high, and Moscow is deeply worried by the mutual threats of attack traded by Washington and Pyongyang. “The side that is stronger and cleverer” should take the first step to defuse the crisis, said […]
Read moreDefense Secretary James Mattis says he sees a growing role for the technology industry in defending the United States. The comments suggest a potential untapped market for Amazon and Google, whose hometowns Mattis visited this week on a West Coast swing, and other large companies like Apple, Facebook and Microsoft. Like the leaders of these […]
Read morePop Quiz: Which Asian despot (hint: he was responsible for the deaths of tens of millions of his country-men and had launched a surprise attack against U.S. military forces on the Korean Peninsula) said these crazy things about nuclear war, clearly making his country unfit for their possession: “We have a very large territory and […]
Read moreU.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The Labor Department said on Friday the Consumer Price Index edged up 0.1 percent last month after being unchanged in June. That lifted the year-on-year increase in the […]
Read morePresident Donald Trump on Friday issued his bluntest warning yet to North Korea, saying the U.S. military is “locked and loaded” to respond to a Pyongyang provocation. In a tweet, Trump said, “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!” […]
Read moreEurope’s food safety commissioner urged countries to stop “blaming and shaming” one another over a continental eggs contamination scare on Friday. Tensions between agricultural ministers in the Netherlands, Belgium and Germany have risen after traces of a moderately toxic pesticide – called fipronil – were found in batches of eggs. While Belgian regulators were criticized […]
Read moreAmazon.com is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. The world’s biggest online retailer has discussed selling ready-to-eat dishes such as beef stew and a vegetable frittata as […]
Read moreVideo game developer Nintendo is being sued by a U.S. mobile gaming accessory company that claims the controllers for the Nintendo Switch console infringes on a patent for its own product. Gamevice, which makes video game controllers to attach to tablets and smartphones, is demanding that Nintendo stops making and selling the Switch and wants […]
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