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Nvidia reported third-quarter earnings that beat expectations for sales and earnings while delivering a better-than-expected forecast for the current quarter. The results show that Nvidia is continuing to grow quickly while demand for its powerful artificial intelligence chips remains high.Shares fell 2% in extended trading.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 81 cents adjusted vs. 75 cents expectedRevenue: $35.08 billion vs. $33.16 billion expectedNvidia said it expects about $37.5 billion plus or minus 2% in current-quarter sales, versus $37.08 billion expected by analysts polled by LSEG.The fourth-quarter forecast implies year-to-year growth of about 70% from a year earlier, a slowdown from 265% annual growth in the same period a year p...

Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. With the proliferation of high-deductible health care plans as employers aim to reduce their costs, more employees are gaining access to health savings accounts – which allow savers to contribute on a pretax or tax-deductible basis, grow on a tax-free basis and permit tax-free withdrawals if they're for qualified health expenses. In 2023, there were $123 billion in HSA assets held in more than 37 million accounts, reflecting a 19% increase in assets from the prior year, according to Devenir Group . A...

The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. The benchmark yield was trading at about 4.41% on Wednesday. That is up from around 4.3% right before the presidential election, and well above the 3.6% level that it flirted with in September. Bond yields move opposite of price. US10Y 3M mountain The 10-year Treasury yield started to climb ahead of the election and has moved higher still after Donald Trump's victory. With the 10-year yield close to a key psychological level of 4.5%, there is concern that another move higher could lead to a downturn in the stock market. Notably, the yield moved solidly higher on Wednesday as the major equity averages struggled to gain ground, with the S &am...

After a quarter where Nvidia's sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate.Those hopes fall on Blackwell, which is Nvidia's name for a family of server products based around its next-generation AI chip.CEO Jensen Huang and CFO Colette Kress gave investors several new data points on how Blackwell's launch is shaping up on a call with analysts on Wednesday. The duo emphasized that the rollout is on track, and they signaled that Blackwell sales over the next few quarters will be limited by how many chips and systems Nvidia can make, not how much it can sell."Blackwell production is in full steam," Huang said. "We will deliver this quarter more Blackwells than we had ...

2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric vehicles in the carmaker's growing fleet.The Ioniq 9 is expected to arrive in U.S. dealerships in the spring. Hyundai said the vehicle will be capable of fast charging from 10% to 80% in 24 minutes, will have an estimated range of 335 miles on a single charge and will be able to achieve 0 to 60 miles per hour in as fast as 4.9 seconds.Hyundai declined to disclose pricing for the new SUV until closer to its arrival in showrooms. The Kia EV9, from Hyundai's sister brand and which is based on the same vehicle platform, currently...

Target's stock tumbled to a 52-week low on Wednesday, a day after Walmart shares soared to an all-time high — as the rival retailers' earnings reports again underscored how their performance has diverged.Target posted its biggest earnings miss in two years and cut its forecast. The company spoke about a "deceleration in discretionary demand" and blamed higher costs caused by the rush to move inventory ahead of the short-lived port strike in October.On the company's earnings call, CEO Brian Cornell described U.S. consumers who are "shopping carefully as they work to overcome the cumulative impact of multiple years of price inflation" and holding out for the best possible deal.Walmart, on the other hand, hiked its full-year forecast. It said it's gaining upper-income shoppers and seeing bett...

Snowflake shares spiked 19% in extended trading on Wednesday after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 20 cents, adjusted vs. 15 cents expectedRevenue: $942 million vs. $897 million expectedSnowflake's revenue rose 28% year over year in the quarter, which ended on Oct. 31, according to a statement. The company's net loss of $324.3 million, or 98 cents per share, widened from $214.3 million, or 65 cents per share, in the same quarter a year earlier.Product revenue represented around 96% of total sales. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. That's up from the $3.36 billion forecast management gave th...

Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed transaction underscores the uncertainty of the maneuver.The hope for Comcast is that by shedding declining assets, the company's shares will rise. Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. That may be an anchor on Comcast's shares. Wall Street typically doesn't like assets with slumping revenue and profit.Still, there's plenty of uncertainty around the spinoff. It's unclear if Comcast investors will care that m...

Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling slid nearly 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. Snowflake — The cloud stock soared 18% after beating earnings expectations for the third quarter and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts surveyed by LSEG predicted 15 cents in earnings per share and $897 million in revenue. Palo Alto Networks — The cybersecurity stock slipped 5%. Palo Alto announced a two-for-one st...

Chairperson of Indian conglomerate Adani Group, Gautam Adani addresses a gathering during the inaugural session of Vibrant Gujarat Global Summit 2024 in Gandhinagar on January 10, 2024.Punit Paranjpe | AFP | Getty ImagesGautam Adani, the chair of India's Adani Group conglometerate and one of the world's richest people, has been indicted in New York federal court with other defendants in connection with an alleged multi-billion-dollar fraud scheme, authorities said Wednesday.Adani and two other defendants, Sagar Adani and Vneet Jaain, who are executives of Adani Green Energy Limited, are accused of conspiring to commit wire fraud and securities fraud for their roles in obtaining funds from investors in the United States and international lenders "on the basis of false and misleading stateme...