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Expectations are high for Nvidia's earnings. Nvidia is expected to report fiscal 2025 third-quarter results Wednesday after the close. Analysts see the darling chipmaker reporting a profit of 75 cents per share on revenue of $33.16 billion, per LSEG. Both figures represent more than 80% growth from the year-earlier period. The report will likely have implications for the broader market, given Nvidia's massive size. The semiconductor giant has a market capitalization of more than $3.6 trillion, making it the most valuable U.S.-listed company. But just as key as the results themselves will be is what Nvidia says about the demand behind its latest Blackwell graphics processing unit, or GPU, which is designed to meet the heavy processing needs for AI capabilities and often sold to large tech h...

Check out the companies making headlines in midday trading: Williams-Sonoma — The home goods retailer soared about 29% after beating expectations on both lines for the third quarter and raising full-year guidance. Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Ford Motor — Shares of the U.S. automaker slid 3% after Ford said on Wednesday it plans to cut around 14% of its European workforce . The company cited significant losses in recent years driven by weak demand for electric vehicles, a lack of government support for the shift toward electric vehicles and greater industry competition. Nvidia — Shares dipped 1% ahead of the chipmaker's fiscal third-quarter r...

Single-family homes in a residential neighborhood in San Marcos, Texas.Jordan Vonderhaar | Bloomberg | Getty ImagesAfter flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.90% from 6.86%, with points rising to 0.70 from 0.60 (including the origination fee) for loans with a 20% down payment. That was the highest level since July.Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. P...

Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air."Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy.The U.S. Department of Transportation under Secretary Pete Buttigieg has issued a host of rules aimed at protecting consumers, some of which the airline industry has bristled at, including one this year that requires carriers to provide automatic cash refunds to travelers when an airline cancels a flight.Bastian said the industry has seen a ...