Back in 2020, Nvidia dropped $6.9 billion on a company most people had never heard of, Mellanox, an Israeli outfit that made networking switches and adapters. At the time, it barely registered. Jensen Huang was Read more…
An iconic supermarket chain is closing stores in key markets, eliminating grocery store choices for local residents as companies close underperforming locations. Grocery chains have faced economic challenges such as rising labor and product costs Read more…
Intel jumped roughly 11% on Thursday, June 18, after President Donald Trump posted on Truth Social that Apple agreed to work with Intel to design and manufacture chips in the United States. Neither company confirmed Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Buying a luxury watch isn’t always a simple choice. There are Read more…
The main market mover this week was the signing of a memorandum of understanding to work towards a permanent peace deal between the US and Iran. The interim agreement ends all military actions and opens the Read more…
Recent developments: more hawkish Fed and lower energy prices Since our last FX Forecast Update on 21 May, a resilient US labour market and signs of persistent underlying inflation have kept US monetary policy repricing Read more…
The story of artificial intelligence in business has followed a familiar script for the past few years. To help employees work faster, companies deployed AI to summarize documents, draft emails, write code, and answer questions. Read more…
Consumer spending remains resilient, but underlying fundamentals continue to weaken. We expect nominal personal spending to rise at a solid pace in May, largely reflecting higher energy prices, with the PCE deflator accelerating and pushing Read more…
US PCE inflation data eyed after Warsh’s surprise hawkish debut. June PMIs in the spotlight too as US-Iran deal eases energy crunch. CPI data for Australia, Canada and Tokyo also on tap. Warsh Signals Change Read more…
Airline and hotel credit card holders now have access to a wider array of benefits, including expanded lounge access and larger sign-up bonuses. Co-branded travel credit cards have become one of the fiercest battlegrounds in Read more…