Nvidia was on the path to becoming the first semiconductor company with a valuation of US$2 trillion, another milestone in its rise as the biggest beneficiary of the AI-related stock craze over the past year. The chipmaker’s shares rose again yesterday, following Thursday’s 16% rally that touched $1.96 trillion. Thus Nvidia arrives as the fourth ...
Initial claims for U.S. unemployment insurance benefits fell last week to their lowest level in a month, easing continued strength in the labor market despite a growing number of high-profile job cuts. profile in large companies. Initial claims decreased by 12,000 to 201,000 in the week ending February 17, according to data released by the ...
Argentina’s economy contracted in December by its largest level since the peak of the Covid-19 pandemic, when newly elected president Javier Milei launched shocking austerity measures that curbed consumption. Economic activity in December fell 3.1% compared to November, according to government data published on Thursday, a drop not seen since April 2020. Compared to the ...
Financial Diary – Santiago SQM Lithium Ventures invested US$ 9.4 million in the British electric vehicle battery recycling company Altilium to help it expand its operations, both companies said Wednesday. The corporate arm of the lithium business of Sociedad Química y Minera de Chile (SQM) contributed the majority of the US$12 million series A financing ...
ElevenLabs, a startup that uses artificial intelligence software to replicate voices in more than two dozen languages, has raised a new round of financing that values the company – created two years ago – at more than $1 billion. The company behind deepfake audio, or the famous Deepfake Audio, said it recently raised another $80 ...
Apple is improving the security of its iMessage app, aiming to defend against a looming future threat: advanced quantum computing attacks. The changes will be part of a new system called PQ3, he said Manzana on Wednesday. It is a more advanced type of encryption that could thwart attacks by quantum computers, a still nascent ...
Stark Bank, one of the few Latin American startups backed by Jeff Bezos’ family office, is generating profits from its business of helping companies manage payments, while leaving the cash raised from its financing rounds almost intact. In 2023, the São Paulo-based company managed 155 billion reais (US$31 billion) in payments, three times more than ...
Capital One Financial Corp. has agreed to purchase Discover Financial Services in a $35 billion deal that will create the largest US credit card company by loan volume, which will give the combined entity a stronger foothold to compete with Wall Street giants. Capital One will pay 1.0192 of its own shares for each Discover ...
At the end of 1940, it was estimated that the circulation of daily newspapers in the United States was around 41 million copies. It was a different world than today, the news of the war came either through the radio or through the photos that were the covers of the tabloids. That is why the ...
Star Entertainment Group Ltd. shares plummeted to a record low on Tuesday after the New South Wales state gaming regulator launched a second investigation that could see the embattled company stripped of the license to operate its flagship casino in Sydney. The stock plunged as much as 26% in Sydney trading, reducing the company’s value ...
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