Walt Disney Co. shares rose in early trading on Monday after the media giant reported fiscal first-quarter results that exceeded Wall Street expectations, supported by strong performance in streaming and continued momentum at its theme parks, resorts, and cruise businesses. The company posted adjusted earnings of $1.63 a share for the quarter ended Dec. 27,
X user Goutham Jay describes an experience with OpenClaw that he said felt closer to science fiction than conventional software development. He said he installed the AI agent on an old Mac mini and assigned it an ambitious goal: helping him scale his solo business to $20,000 in monthly recurring revenue. “Before I went to
Nvidia CEO Jensen Huang has dramatically reset investor expectations around the company’s OpenAI investment, clarifying that the “$100 billion” figure was “never a commitment.” Speaking to reporters in Taipei on Sunday, Huang revealed the figure came from a letter of intent describing an invitation to invest “up to” that amount. He said that Nvidia will
Shares of oil marketing companies (OMCs) surged on Monday, while those of oil explorers declined, as investor sentiment improved following an easing of geopolitical tensions between the US and OPEC member Iran. Leading the gains on the Nifty Oil & Gas index were the Oil Marketing Company (OMC) stocks. The index itself saw a rise
The United States is preparing to launch a strategic stockpile of critical minerals with $12 billion in seed funding, marking an unprecedented effort to protect manufacturers from supply disruptions and volatile commodity prices as Washington seeks to curb its dependence on China, Bloomberg reported on Monday. The initiative, known as Project Vault, is expected to
Nvidia just doubled down on a bet that could reshape how artificial intelligence gets built. The chip giant made a $2 billion equity investment in CoreWeave (NASDAQ: CRWV) on January 26th, acquiring shares at $87.20 each. The move signals Nvidia’s conviction that CoreWeave is positioned to capture outsized growth as companies race to build the
Brazilian telecoms operator TIM SA is negotiating to repurchase a 51% interest in a fibre-network company it once controlled in a deal that could be worth about $170 million, two people familiar with the matter said. If institutional investors win out, the move would represent a strategic about-face for the company, which sold the stake four
One can’t move the male parent. One has to find one that commits. That’s the mismatch issue. Harvard economist and 2023 Nobel Laureate Claudia Goldin wasn’t speaking about modern relationships in the abstract; she was diagnosing why birth rates are collapsing across the developed world. In an email conversation with Invezz, she reveals an uncomfortable
The leading cryptocurrency stories in Latin America this week point to a region in transition. Fintech giant Revolut launched full banking operations in Mexico. In Venezuela, Interpol carried out a major crackdown on a cross-border cryptocurrency scam linked to Generation Zoe. Meanwhile, El Salvador strengthened its Bitcoin strategy by introducing new tax incentives for foreign
President Donald Trump has nominated Kevin M. Warsh as the next chair of the Federal Reserve, setting the stage for a contentious confirmation battle and renewed debate over the central bank’s independence. Warsh, a former Fed governor who served from 2006 to 2011, emerged ahead of several high-profile contenders, including White House economic adviser Kevin