Tuesday, April 28

Blog

What the charts say about Nvidia before earnings
Business

What the charts say about Nvidia before earnings

Since early last year Nvidia (NVDA) has become the Super Bowl of earnings and like the actual big game, it comes right at the end of the season. Here we are at the end of third-quarter earnings reporting season and markets are again on pins and needles waiting for Nvidia's earnings Wednesday after the market close to see if this boom in artificial intelligence and data center buildouts continues. We'll talk about what we're expecting after the report, and how we plan to hedge in the event that earnings fail to impress, much like we saw in the prior Q2 report. Fundamental outlook The analyst community is looking for Nvidia to report 75 cents in EPS on $33.13 billion in revenue, according to FactSet. The focus will be on the new Blackwell GPU that has been covered heavily with reports of it ...
European nations denounce Russian hybrid attacks, cable cut probes launched
World News

European nations denounce Russian hybrid attacks, cable cut probes launched

By Andrius Sytas, Barbara Erling and Johan Ahlander, Reuters The C-Lion1 submarine telecommunications cable being laid to the bottom of the Baltic Sea by cable laying ship "Ile de Brehat" off the shore of Helsinki, Finland, 12 October 2015. Photo: AFP / Heikki Saukkomaa / Lehtikuva Two Baltic Sea communications cables have been damaged Germany, Poland, others say cause likely to be sabotage There is currently no evidence of sabotage European powers warn of escalating hybrid attacks Russia has repeatedly denied sabotaging infrastructure European governments accused Russia of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage. European officials have not...
Ottawa removed 1,100 companies from Indigenous procurement list: Hajdu – National
Politics

Ottawa removed 1,100 companies from Indigenous procurement list: Hajdu – National

Ottawa removed 1,100 organizations from a list of Indigenous-owned businesses that were not eligible for a multi-billion-dollar procurement program that has been criticized for lax oversight and loose rules. The Indigenous Business Directory (IBD) is a government database intended to list First Nations, Inuit or Métis-owned businesses eligible to access “set aside” contracts only accessible to Indigenous companies.Indigenous Services Canada Minister Patty Hajdu told MPs Tuesday that in 2022, 1,100 companies were removed from that list. Hajdu was not pressed on why the companies were removed, and gave no indication which companies were not eligible.As of Tuesday, there were a total of 2,945 companies listed on the IBD.“Every two years the department audits the Indigeneity of businesses, jus...
H&R Block, Intuit stocks fall following Trump tax-filing app report
Business

H&R Block, Intuit stocks fall following Trump tax-filing app report

Michael Nagle | Bloomberg | Getty ImagesThe stock prices for H&R Block and Intuit fell after a Tuesday report saying the Trump transition team is considering creating a free tax-filing app.Intuit, which makes the TurboTax tax-filing software, was down 5%, putting it on pace for its worst day since Aug. 23, when the company's stock price fell nearly 7%. H&R Block was down 8% and on pace for its worst day since 2020.President-elect Donald Trump's "Department of Government Efficiency" has held "highly preliminary" discussions about creating the free tax-filing app, The Washington Post reported. DOGE will be led by billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy and aims to slash governmental spending.A DOGE tax-filing app would represent a competitor...
Mass rape victim Gisele Pelicot condemns cowardice of accused abusers
World News

Mass rape victim Gisele Pelicot condemns cowardice of accused abusers

By Marc Leras for Reuters Photo: CHRISTOPHE SIMON/AFP Gisele Pelicot decries "cowardice" of dozens of accused men Suspected abusers claim they were unaware of committing rape Husband admits drugging her, inviting others to rape her Pelicot demands change in way France views rape Warning: This story contains details of sexual violence Gisele Pelicot, subjected to mass rape organised by her husband over 10 years, on Tuesday condemned the cowardice of the dozens of men accused of abusing her who claim they didn't realise it was rape, adding France's patriarchal society must change. Dominique Pelicot, her husband, has admitted to drugging his wife, 71, and inviting strangers to their house to rape her while she was unconscious, in a trial that has attracted worldwide attention and tur...
These food stocks could benefit under RFK Jr’s push for healthy eating
Business

These food stocks could benefit under RFK Jr’s push for healthy eating

The intended Department of Health and Human Services nominee Robert F. Kennedy Jr. could push through policies that will provide a tailwind for some food and beverage stocks, despite the pressure the sector has seen since news of his potential appointment. "A knock-on effect of RFK could be expansion of an already strong trend toward healthy eating," Wells Fargo equity analyst Edward Kelly wrote in a Monday note. "This could drive increased consumption of higher margin fresh, natural, and organic products." Kennedy is a vaccine skeptic and he opposes artificial ingredients. These stances have recently led to a pull back in biotechnology stocks , while food and beverage stocks also came under pressure in recent days due to President-elect Donald Trump's plans to nominate Kennedy to lead HHS...
Trump picks former congressman and Fox Business host Sean Duffy as next Transportation secretary
World News

Trump picks former congressman and Fox Business host Sean Duffy as next Transportation secretary

By Kate Sullivan and Alexandra Skores, CNN Sean Duffy questions Federal Reserve Chairman Jerome Powell during his testimony in Washington, DC on July 18, 2018. Photo: Mary F. Calvert/Reuters via CNN Newsource President-elect Donald Trump announced Monday he has selected former congressman and recent Fox Business co-host Sean Duffy to serve as the next secretary of the Department of Transportation. Duffy served in the US House of Representatives from 2011 to 2019, representing Wisconsin's 7th Congressional District. He most recently was co-host of Fox Business' "The Bottom Line," after first joining Fox News as a contributor in 2020. Duffy's last day as a Fox News employee was Monday, a network spokesperson confirmed to CNN. Wednesday marked his last day appearing on Fox Business, and...
Tweed, Le Chameau and Schöffels — what Jeremy Clarkson and the farmers wore to protest in London
Life Style

Tweed, Le Chameau and Schöffels — what Jeremy Clarkson and the farmers wore to protest in London

First off, Rachel Reeves — fix the bleeding budget. We don’t do everything well here, but our family farms are something to be proud of. Shall we not set the hounds on them?With that out the way, photographs have been streaming in from today’s massive farmers rally, where thousands have left their piglets home and gathered to protest Labour’s so-called “tractor tax”. And what a green-tweeded sight for sore urban eyes it was, as they congregated in the rain, sleet and snow (don’t feel too bad, they’re more than comfortable in adverse conditions) and chanted “no farmers, no food!”Jeremy ClarksonAaron Chown/PA WireWith the Schöffel’d troops fully assembled — complete with Jeremy Clarkson as a kind of pea-coated Napoleon Bonaparte — it is time to scrub up on the wardrobe rules of the livestock...
Bose buys McIntosh, storied maker of high-end luxury audio equipment
Business

Bose buys McIntosh, storied maker of high-end luxury audio equipment

The BOSE display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.David A. Grogan | CNBCBose Corp. will purchase the McIntosh Group, a deal that will give the Massachusetts-based company control of one of the most storied names in high-end audio.McIntosh will continue to manufacture the high-end audio equipment it is known for out of its longtime headquarters in Binghamton, New York, Bose CEO Lila Snyder said. The deal also includes Sonus Faber, a company that makes high-end speakers by hand in Italy.The purchase of the two audio workshops provides Bose access into the high-end luxury audio market, Snyder told CNBC in an interview. "There is this opportunity for luxury, where the consumer is more discerning, really interested in the heritage and the story, and that ...
Morgan Stanley sees 25% upside in new autonomous driving pure play
Business

Morgan Stanley sees 25% upside in new autonomous driving pure play

Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Analyst Tim Hsiao initiated research coverage of Guangzhou, China-based WeRide with an overweight rating and a price target of $23, implying more than 25% upside for the stock versus Monday's close. WeRide rallied as much as 6% in early trading Tuesday to $19.43. WeRide offers several driverless vehicles such as robobuses, robotaxis and robovans, holds driverless permits in the U.S., China, the UAE and Singapore and is involved in trial and commercial activities in 30 cities. The company has partnered with Uber in the UAE, and Hsiao expects its r...