Author: Press Room

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.A bumper earnings report from Nvidia sparked a global stock market rally on Thursday, boosting technology stocks and pushing indices in the US, Europe and Japan to all-time highs.The chipmaker’s shares surged by 15 per cent on Thursday after its quarterly results and new forecasts published on Wednesday evening blew past analyst expectations.The latest jump added almost $260bn to Nvidia’s market capitalisation, and brought its gains for the year to date to more than $700bn. The move means Nvidia has leapfrogged Amazon and…

President Joe Biden is embracing his bully pulpit as he calls out resistance from former President Donald Trump and Republicans on Ukraine and Russia. The tactic – which is playing out mostly in off-camera fundraisers and in public events – has become more pronounced in recent days as the president has latched on to House Republicans’ refusal to approve additional aid for Ukraine and Donald Trump’s refusal to condemn Russia for the death of Alexey Navalny, Vladimir Putin’s top critic. The president has turned up the heat on Trump and Republicans in California this week in a series of fundraisers, venues…

Amer Sports Inc., the Finnish sportswear company that went public last week, on Tuesday launched an offering of $600 million worth of seven-year high-yield bonds. The Helsinki-based company AS, +1.49% and some of its units have also entered a new credit agreement, under which they will have a new $600 million term-loan facility, a new €600 million term-loan facility and a new revolving-credit facility that will initially be $710 million. Proceeds from the bond deal, along with proceeds from the new credit agreements, are earmarked to repay existing credit facilities as the company moves to lower interest costs. The news…

U.S. stocks may have some room to keep up their bullish run before the Federal Reserve’s first interest-rate cut —  despite a jump in volatility after Tuesday’s hotter-than-anticipated inflation data, according to DataTrek Research.The S&P 500 index SPX fell a sharp 1.4% Tuesday for its biggest drop since Jan. 31, but remains up this year as well as since the Fed’s last rate hike on July 26, FactSet data show. The index, which measures the performance of large-cap stocks in the U.S., was rebounding Wednesday afternoon, rising around 0.6%. Since the central bank’s July rate increase, the S&P 500 has…

(Reuters) – Denmark’s Orsted (CSE:) said on Thursday it had submitted a new proposal with Eversource for Sunrise Wind in response to New York’s latest offshore wind solicitation. Sunrise Wind is a 924 MW offshore wind farm which would deliver power to New York and is expected to be completed by 2026, Orsted said. Under the updated proposal, Orsted reached an agreement to acquire Eversource’s 50% share in the Sunrise Wind project if awarded a contract in New York’s fourth offshore wind solicitation If Orsted wins the bid, it would become the sole owner of Sunrise Wind, while Eversource would…

WASHINGTON (Reuters) -Sequoia Capital China, Qualcomm (NASDAQ:) Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing’s military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday. The House of Representatives’ select committee on China, led by Republican Congressman Mike Gallagher, released the report, which also scrutinizes investments made by GGV Capital, GSR Ventures and Walden International in Chinese artificial intelligence and semiconductor firms with unsavory ties. The Committee called on the Biden administration to restrict U.S. investment in Chinese firms sanctioned by the U.S. government…

Married couples in or near retirement should know that the solo years, the period after one spouse passed away, usually are the most difficult period in retirement both financially and emotionally. The solo years are when most retirement plans are likely to fail or falter. The financial difficulties of the period could be reduced with proper financial planning, something missing from most retirement plans. Consider these major changes in household finances and management to which most surviving spouses must adapt: * One Social Security benefit will end. * Other sources of income, such as pensions and annuities, might end or…

Check out the companies making headlines in premarket trading. Nvidia — The closely followed chip giant’s stock surged 13% in premarket trading after earnings released Wednesday afternoon blew past expectations amid the artificial intelligence boom. Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue for the fourth quarter, while analysts surveyed by LSEG anticipated $4.64 per share and $20.62 billion. The company also said revenue in the current quarter would be stronger than Wall Street forecasted. Moderna — Shares were up more than 5% after the vaccine maker posted a greater-than-expected revenue for the fourth…

Sophie Riegel turned her boredom into a six-figure side hustle.Riegel was a Duke University freshman in 2020, when Covid-19 turned her first year of college into a remote experience. She was “so bored” at home, and began searching her childhood bedroom for unused clothing and other items she might sell online to “make some extra money,” she says.She found a few items, and netted roughly $200 selling them. “I probably sold, like, an item a week for the first couple months of me selling my own stuff,” says Riegel, 23.Hooked, she combed through thrift stores around Durham and Chapel Hill,…

Sales of existing homes in the US climbed in January, pushed up by buyers who were encouraged to make a purchase by falling mortgage rates. But the surge may be short-lived if rates extend a post-January climb. Existing home sales (not newly-constructed homes) — which include single-family homes, townhomes, condominiums and co-ops — beat expectations, rising 3.1% in January from the prior month to a seasonally adjusted annualized rate of four million units, according to a report from the National Association of Realtors. Compared to a year ago, when sales were at a 4.07 million pace, sales were down 1.7%. “While home…