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% from a

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 than three-week

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 its sweeping duties.

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 AI Impact

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 remarks at the

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 cents a

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 near $66.06, leaving

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 figures, released Feb.

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 announced any such

WASHINGTON: Federal Reserve officials showed a widening split over the next direction for U.S. interest rates, with some prepared to reduce borrowing costs if inflation cools and others wanting to keep rates steady longer, according to minutes released Feb. 18 from