Nvidia Corp., the chipmaker at the forefront of an industrywide artificial intelligence race, delivered a third-straight revenue forecast that surpassed Wall Street’s estimates. But a broader market rout, spurred by interest rate fears, quashed a rally by the stock.
VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.”
Devils Lake Regional Airport is partway through a $14.8 million terminal renovation that will double its size and add a boarding bridge to protect travelers from the harsh North Dakota winter. A decision by federal regulators could pose a significant threat to jet service and how many passengers ever set foot in the revised airport.
Nordstrom Inc. beat Wall Street’s estimates for net revenue in the most recent quarter as a turnaround at its off-price Rack stores starts to take hold.
Two Federal Reserve officials signaled policymakers may be close to being done with interest-rate increases, but one of them held back from ruling out further hikes until inflation is more clearly on a downward path.
A rally in Big Tech sputtered as bond yields rose, with traders weighing remarks from a batch of Federal Reserve officials for clues on the outlook for interest rates ahead of Jerome Powell’s speech on Friday.
The timing for Arm Ltd.’s return to the public markets couldn’t get much better.
Walmart Inc. is planning its longest drone deliveries yet by teaming up with Alphabet Inc.’s Wing unit at two Dallas-area stores.
Zillow Group Inc. is offering mortgages with just a 1% down payment as it tries to attract house hunters facing the most-unaffordable market in almost four decades.
As the US Treasury borrows heavily in the bills market, the Federal Reserve may find it has to pause its efforts to shrink its balance sheet to ensure the banking system remains stable, according to the St. Louis Fed.
