Nvidia reported revenues of $22 billion in the fourth quarter, up nearly 270% from the prior year and even above Wall Street’s soaring expectations. Nike and PepsiCo executives on how to find your worth | Your Wallet The tech giant’s stock got a big boost from the news, rising nearly 9% to $732 per share … Read more
OpenAI CEO Sam Altman wants to raise trillions of dollars to reshape the global semiconductor industry, The Wall Street Journal reported earlier this month, an effort to boost chip-making capacity and power more artificial intelligence. It’s an eye-boggling amount, one that was put to Nvidia CEO Jensen Huang — the man behind the AI company … Read more
This month, Apple released its first truly anticipated product in years, the Apple Vision Pro. It’s a groundbreaking device, with some of the best hardware specs and the most impressive performance of any commercial headset ever released. It’s also a $3,500 toy, one that an untold number of people seem to regret taking home. If … Read more
After causing a stir by mysteriously grounding its new Airbus A321neo planes on Monday, United Airlines wants people to know the decision has nothing to do with safety and isn’t even that exciting. Rather, it has to do with the aircrafts’ “No Smoking” signs, which are required by a 1990 law to be operated by … Read more
Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images) Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal. Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) … Read more
Hershey CEO Michele Buck opened up the company’s earnings call (pdf) Thursday (Feb. 8) by talking about “historic” cocoa prices. Thanks to speculators taking advantage of back-to-back West African rains and droughts, a metric ton of the brown stuff costs more than $5,400 for one contract traded out of New York, more than double what … Read more