Browsing: Business

CALIFORNIA: Nvidia reported record quarterly revenue and profit on Wednesday, saying demand linked to artificial intelligence continued to lift its data center business. The chipmaker said fourth-quarter revenue rose to $68.1 billion for the period ended Jan. 25, up 73%

NEW YORK: Gold prices edged higher on Thursday as the U.S. dollar softened, lifting demand for the metal in international markets. Spot gold rose 0.5% to $5,195.99 an ounce by 0639 GMT, holding near levels last seen around a more

NEW YORK: Gold prices rose sharply in Monday trading as the U.S. dollar weakened, lifting demand for the metal in overseas currencies. Spot gold climbed 1.2% to $5,163.60 an ounce by 02:10 GMT, reaching its highest level in more than

WASHINGTON: President Donald Trump has raised a temporary, across-the-board U.S. import tariff to 15% from 10%, applying the higher rate to most goods entering the United States from all countries as the administration shifts to a new legal basis for

NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the margins of the

WASHINGTON: President Donald Trump on Friday announced a new 10% import duty on goods entering the United States from around the world, moving to replace a set of emergency tariffs that the U.S. Supreme Court struck down hours earlier. In

NEW YORK: Oil futures climbed on Friday as investors tracked heightened U.S.-Iran tensions and fresh warnings from President Donald Trump, adding a geopolitical risk premium to crude prices. Brent crude traded around $71.27 a barrel and U.S. West Texas Intermediate

BENTONVILLE: Walmart said fourth-quarter revenue rose 5.6% from a year earlier to $190.7 billion during the holiday shopping period, while its earnings outlook for the new fiscal year came in below analysts’ expectations. The retailer reported adjusted earnings of 74

WASHINGTON: The U.S. trade deficit totaled $901.5 billion in 2025, barely changed from $903.5 billion in 2024, as higher exports and higher imports largely offset each other despite new tariffs imposed during President Donald Trump’s return to office. The annual

CALIFORNIA: A published report on Friday said Nvidia is in talks to invest up to $30 billion in OpenAI, a figure that would rank among the largest single equity checks into an artificial intelligence company. Nvidia and OpenAI have not