Stock market today: Dow, S&P 500 eke out gains ahead of Nvidia earnings
Nvidia (NVDA) is set to report earnings after the bell and give investors another look at the state of AI spending. The stock is already up nearly 200% this year, and more than 2,600% in the past five years as the company’s revenues have run wild amid a surge in demand for its AI chips.
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Read MoreStock market today: Indexes trade mixed with Nvidia's 3rd-quarter results on deck
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- US stocks were mixed Wednesday as traders looked ahead to Nvidia’s earnings report.
- Wall Street is estimating the chipmaker will report $33 billion in revenue for the third quarter.
- Traders, meanwhile, dialed back their expectations for rate cuts after a slew of Fed speakers.
‘Boondoggle investments’ warning on Labor’s Future Fund changes
The first Future Fund chairman, David Murray, says the organisation risks investing taxpayer money in “boondoggle” projects after Treasurer Jim Chalmers directed it to prioritise investments in housing, renewable energy and infrastructure.
Mr Murray, chairman from 2006 to 2012, said Labor was interfering in the independence of the fund, and investment returns of the $230 billion sovereign wealth fund would become more vulnerable.
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Read MoreProsecutors: 9 caught laundering cash into cryptocurrency for drug cartels
MIAMI – A grand jury indicted nine for conspiring to launder U.S. currency into cryptocurrency on behalf of drug cartels and for running an unlicensed money-transmitting business, prosecutors announced on Wednesday.
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The federal indictment identified Nilson Sneyder Vasquez Duarte,
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Read MoreStock market today: Indexes trade mixed with Nvidia's 3rd-quarter results on deck
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- US stocks were mixed Wednesday as traders looked ahead to Nvidia’s earnings report.
- Wall Street is estimating the chipmaker will report $33 billion in revenue for the third quarter.
- Traders, meanwhile, dialed back their expectations for rate cuts after a slew of Fed speakers.
The Burst
Brilliant Billionaire Buys Under-the-Radar Wide Moat Stock
In B2B sales and marketing, few companies have built as powerful a toolset as the one that caught Stan Druckenmiller’s eye.
With a unique moat in its vast proprietary database, accelerating AI-driven insights, and a growing foothold in emerging markets, this SaaS firm has become a must-have resource for enterprise sales teams.
Yet while bulls can point to a host of positive attributes,
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Read MoreThe Ivy
Why Charlie Munger Never Sold Costco Stock — Even When It Looked Overvalued
Charlie Munger became famous in the investment world as Warren Buffett’s right-hand man at Berkshire Hathaway and the architect of Berkshire’s philosophy of buying great businesses at fair prices versus the prior mantra of buying good businesses at great prices.
Over a nearly 100-year life, Munger would pass up innumerable investment opportunities, choosing to put money only into the few that truly offered exceptional value.
» Read more about: Why Charlie Munger Never Sold Costco Stock — Even When It Looked Overvalued »
Read MoreThe Spotlight
Major European Fintech with 36% Upside?
Euronet Worldwide (NASDAQ: EEFT) isn’t particularly well-known on US shores but it sits at the intersection of financial technology and the growing demand for cross-border transactions.
If you’re not already familiar with the firm it has a pretty diverse portfolio of financial technology services that encompass ATMs,
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