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Tag: Bloomberg

Nvidia is driving strong Blackwell demand towards another inventory record

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Nvidia is driving strong Blackwell demand towards another inventory record

(Bloomberg) – Nvidia Corp. shares are rebounding after the company successfully allayed investor concerns about product delays and its long-term growth prospects. Most read by Bloomberg The stock is up 13% so far this month, on track for its first record close since June, although it remains below an intraday peak. It is the second-best […]

Much of the worst damage in Milton came from wind, not water

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Much of the worst damage in Milton came from wind, not water

(Bloomberg) — Hurricane Milton's devastating path across Florida has claimed at least 10 lives, left millions without power and destroyed homes and crops. Authorities warn that it could take days to assess the full extent of the damage. Most read by Bloomberg Milton delivered a quick, hard blow to the center of the state, racing […]

China's sudden stock rally is draining money from the rest of Asia

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China's sudden stock rally is draining money from the rest of Asia

(Bloomberg) — A strong rally in Chinese stocks is expected to trigger a shift in global portfolios as some investors look to ride the rally. Most read by Bloomberg A wave of money that had previously abandoned Chinese stocks in favor of stocks from Japan and Southeast Asia is threatening to reverse course following Beijing's […]

Levi slumps after cutting its full-year revenue outlook

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Levi slumps after cutting its full-year revenue outlook

(Bloomberg) — Denim maker Levi Strauss & Co. narrowed its full-year sales outlook to the lower end of its previous range, sending shares sharply lower in extended trading. Most read by Bloomberg Net sales are expected to increase about 1% in the company's current fiscal year, compared to a previous range of 1% to 3%. […]

US investigation into Super Micro following Hindenburg report, according to WSJ

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US investigation into Super Micro following Hindenburg report, according to WSJ

(Bloomberg) — Super Micro Computer Inc. is being investigated by the U.S. Justice Department after a report on short sellers raised questions about the company's accounting practices, The Wall Street Journal reported. Most read by Bloomberg A prosecutor with the U.S. Attorney's Office in San Francisco recently reached out to people who might have relevant […]

John Malone's Liberty Broadband seeks merger with Charter Cable

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John Malone's Liberty Broadband seeks merger with Charter Cable

(Bloomberg) — Cable billionaire John Malone's Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the largest pay-TV providers in the U.S. and another major holding of the media investor. Most read by Bloomberg In a statement on Monday, Liberty said the company was proposing the deal in response to […]