Dell’s profit, margin hurt by higher AI costs, shares slump
By Jaspreet Singh(Reuters) -Dell forecast current-quarter profit below market estimates on Thursday, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual margin, sending its shares down more than…
Nonresidential CRE Loans Are Leaving Skid Marks on Banks
Thankfully, they’re only a small-ish part of the banking industry’s overall loan book. But some banks are more exposed than others.
By Wolf Richter for WOLF STREET.
Banks are still very profitable. The industry reported quarterly…
Stock futures inch lower as investors review earnings, brace for inflation report: Live
Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024.Michael M. Santiago | Getty ImagesU.S. stock futures ticked lower Thursday night as investors reviewed a flurry of corporate earnings ahead…
Gen X-ers are struggling to keep up with retirement saving: Rpt
Generation X, which includes those born between 1965 and 1980, might be feeling a bit anxious about retirement: according to a new Goldman Sachs survey, almost 50% of Gen X-ers say they are feeling behind in saving for retirement. A…
Franklin Templeton’s Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain’s
AUSTIN, TX — Franklin Templeton, the $1.6 trillion asset manager based in Silicon Valley, has been at the forefront of traditional finance heavyweights pushing into the digital asset space."We have looked at blockchain tech this is…
Biden gives Ukraine permission to carry out limited strikes within Russia using US weapons
CNN
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President Joe Biden has given permission to Ukraine to strike inside Russian territory with American…
Hexagon Real Estate opens in Diamond
The Village of Diamond and the Grundy County Chamber welcomed a new real estate team to town that brings more than 75 years of experience in residential and commercial real estate.Hexagon Real Estate celebrated its grand opening with a…
Canada-wide warrant issued for man in fatal Brampton shooting
A Canada-wide warrant has been issued for a man wanted in the shooting death of a 43-year-old man in Brampton earlier this month.
On Thursday, Peel police provided an update on their investigation into the May 11…
Japan’s Princess Kako visits Corfu’s Old Town on official trip to Greece | NHK…
Japan's Princess Kako has visited the World Heritage site of the Old Town of Corfu as part of her official trip to Greece.
Princess Kako, the second daughter of Crown Prince and Princess Akishino, arrived…
Germany stops requiring COVID-19 vaccination for members of military
The vaccine mandate had been in place since 2021.
ADVERTISEMENTGerman soldiers no longer have to prove that they are vaccinated against COVID-19. Members of Germany's armed forces, called the Bundeswehr, are required to be…