Nvidia delivered better-than-expected fiscal second-quarter results and issued revenue guidance above Wall Street forecasts, sending its shares 3.9% higher in after-hours trading. The chipmaker reported adjusted earnings per share (EPS) of $2.22, compared with expectations of $2.09, while revenue reached US$96.22 billion, ahead of the US$92.27 billion forecast. Nvidia sits at the centre of t
United States consumer confidence fell in August to its lowest level in seven months as households became more pessimistic about the labour market and inflation, according to a survey released on Tuesday. The Conference Board said its consumer confidence index fell to 89.4 in August, the lowest reading since January, from a downwardly revised 90.2 in July. Economists had expected the index t
United States consumer prices rose modestly in July, while the Federal Reserve's preferred measure of underlying inflation remained elevated, reinforcing uncertainty over the central bank's next policy move. The personal consumption expenditures (PCE) price index increased 0.2% on a seasonally adjusted basis in July, taking the annual inflation rate to 3.7%, according to the Commerce Department
Wall Street's main indexes closed slightly lower on Wednesday (Thursday AEST) after United States inflation came in hotter than expected, while investors remained cautious ahead of Nvidia's closely watched earnings report. The Dow Jones Industrial Average fell 113.5 points, or 0.2%, to 53,463.9, while the S&P 500 slipped 1.6 points, or 0.02%, to 7,675.7. The Nasdaq Composite declined 21.1 point
Australian consumer prices rose more than expected in July as fuel and travel costs increased, while underlying inflation also exceeded forecasts, adding to the risk of another interest-rate hike. Data from the Australian Bureau of Statistics (ABS) showed the annual Consumer Price Index (CPI) eased to 3.5% from 3.8% in June, but remained above market expectations for a slowdown to 3.3%. Mont
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The nine-member policy board of Australia's central bank was divided over whether to raise interest rates at its August meeting, with minutes showing some policymakers believed the current cash rate of 4.35% was sufficiently restrictive to bring inflation down while allowing time to assess how the economy evolves. The Reserve Bank of Australia's (RBA) board unanimously decided to keep rates unc
United States President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and automotive parts from Canada to 50% from 1 January 2027, escalating trade tensions following the collapse of negotiations last week. “Canada has been ripping off the United States of America for years,” Trump wrote in a Truth Social post, accusing the longtime trading partner of harming U.S. far
California Attorney General Rob Bonta cancelled a Monday meeting with Paramount Skydance, citing a “lack of good faith” in early settlement discussions over the company's proposed merger with Warner Bros. Discovery. “My office had a meeting with Paramount on Friday. Paramount did not maintain the confidentiality of that meeting. Not only did Paramount leak the alleged substance of settlement di
Longer-dated United States Treasury yields moved higher on Friday as concerns over the Treasury Department's expanded debt buyback programme and rising government debt continued to weigh on bond markets. The yield on the 30-year Treasury bond, one of the maturities targeted by the buyback programme, rose more than 3 basis points to 5.273%, compared with 5.21% a week earlier. The benchmark 10
Walmart shares tumbled 9.2% on Thursday despite the retail giant beating Wall Street expectations for fiscal second-quarter sales and raising its full-year outlook, as investors focused on weaker-than-expected comparable sales and cautious quarterly guidance. Walmart reported adjusted earnings per share of 81 cents, ahead of the 74 cents expected, while revenue reached $187.94 billion, compared
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