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Asian Stocks to Rise as Nvidia Whipsaws on Results: Markets Wrap
Asian equities were set to climb Thursday after gains on Wall Street that reflected a constructive outlook for US-Iran talks. Nvidia Corp. shares whipsawed in a lukewarm response to rising data center sales.
Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company is authorizing $80 billion in share repurchases. “Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud pr...
Rupee hits 100/$ in 1-year forward, closes at 96.8 in spot trade
MUMBAI: One-year outright forward rates for the rupee breached the 100 level intraday while the domestic currency slid to a new low of 96.96 in the spot during intra-day trade, before closing at 96.82, down 29 paise from its previous close of 96.53, reports Mayur Shetty.
Nvidia’s revenue blows past Wall Street expectations as AI boom accelerates
Many analysts view company’s financial performance as a broader referendum on AI buildoutNvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace.“The buildout of AI factories – the largest infrastructure expansion in human history – is accelerating at extraordinary speed,” said Nvidia’s CEO, Jensen Huang, in a statement. “Agentic AI has a...
Scion Group & Ares Management Team Up to Buy $910M in Student Housing
Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market. (Source: Bloomberg)
SEC Chief Atkins Pumps the Brakes on Prediction-Market Funds
The top US securities regulator is delaying the launch of a wave of novel exchange-traded funds that would let investors wager on events such as elections and economic data as the agency weighs how far the $15 trillion ETF wrapper can stretch.
Lay’s and Doritos maker to raise prices on small bags of chips
ConsumerLay’s and Doritos maker to raise prices on small bags of chipsLast month, PepsiCo credited a jump in sales to lower prices on its larger snack bags. Listen to this article with a free account00:0000:00Justin Sullivan / Getty Images fileShareAdd NBC News to GoogleMay 20, 2026, 5:36 PM EDTBy Allie CanalPepsiCo — the company behind snack and beverage brands including Pepsi, Lay’s, Doritos, Gatorade and Quaker Oats — said it’s raising prices on some of its smaller chip bags just weeks after...
BOB SEELY: Breathtaking stupidity! We shut down our own oil industry - then give money to an enemy waging war on a close ally
BOB SEELY: Breathtaking stupidity! We shut down our own oil industry - then give money to an enemy waging war on a close allyREAD MORE: 'Pathetic' PM is blasted over move to water down sanctions on Russian oil See more Daily Mail on Google - save us as a Preferred SourceBy BOB SEELY Published: 22:29, 20 May 2026 | Updated: 22:36, 20 May 2026 e-mail 103 View comments
Cheaper food and free bus rides for children in Reeves’ cost-of-living plan
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Codelco Eyes $2 Billion Gain From Unifying Copper Mines in Chile
Codelco is seeking a combined $2 billion in cost savings and additional revenue by integrating the operations of three copper mines as the state-owned Chilean company tries to offset the impact of stagnating output and rising debt.
Arkansas whites-only community sued for discrimination by woman with black husband whose application to buy land was denied
Arkansas whites–only community sued for discrimination by woman with black husband whose application to buy land was deniedSee more Daily Mail on Google - save us as a Preferred SourceBy WILKO MARTÍNEZ-CACHERO, US REPORTER Published: 22:08, 20 May 2026 | Updated: 22:08, 20 May 2026 e-mail View comments
Highest gas prices in years expected to continue rising this summer
MoneyWatch Highest U.S. gas prices in years expected to continue rising this summer .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham May 20, 2026 / 4:53 PM EDT / CBS News Add CBS News on Google Americ...
Energy chiefs urge Labour to 'prioritise North Sea oil' following emergency talks
Energy executives have urged the Government to prioritise North Sea oil, as experts warned the Iran conflict meant “we need to maximise production of every resource we have”. Trade body Offshore Energies UK (OEUK) held emergency talks with industry leaders to call for a co-ordinated response to the escalating crisis. The meeting, which was attended by executives from major energy companies active in the North Sea, heard that, apart from Denmark, “the UK was the only country in the world that’s c...
Zohran Mamdani forced to eat humble pie as he makes nice with America's business elite after divisive 'Tax the Rich' video
Zohran Mamdani forced to eat humble pie as he makes nice with America's business elite after divisive 'Tax the Rich' video Sign up for our US Editor's Picks newsletter to get all the best exclusive storiesSee more Daily Mail on Google - save us as a Preferred SourceBy SOPHIE GABLE, US REPORTER Published: 21:46, 20 May 2026 | Updated: 21:48, 20 May 2026 e-mail View comments
US Seeks to Boost Energy Exports to India as Rubio Visits Delhi
The Trump administration wants to boost energy exports to India, the US ambassador in New Delhi said on Wednesday, ahead of a multi-day visit by Secretary of State Marco Rubio to the world’s most populous country.
FSU football X account gets community noted for claiming 'record GPA' in social media post
In the past few years, there hasn't been a lot to celebrate about when it comes to the Florida State Seminoles football program.Their record on the field over the last two seasons has been a dismal 7-17, with only three of those wins coming against conference foes.Head coach Mike Norvell is essentially persona non grata in Tallahassee, and despite this, he's just too damn expensive to fire at the moment, meaning the Seminoles are stuck in some kind of football purgatory.That's how bad things are...
The $150 Trillion Question—What Is AI’s Value In Asset Management
Today’s StocksMoneyMarketsThe $150 Trillion Question—What Is AI’s Value In Asset ManagementByCarrie McCabe,Contributor.Forbes contributors publish independent expert analyses and insights. Carrie McCabe reports on asset management, strategy, and investing.Follow AuthorMay 20, 2026, 03:52pm EDTMay 20, 2026, 04:13pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.AI in Asset ManagementPhoto credit: Getty ImagesAI is separati...
NextEra to Buy Dominion for $67B to Form Power Giant
Bloomberg's David Carnevali joins Dani Burger on "Bloomberg Deals." NextEra Energy agreed to pay about $67 billion in stock for Dominion Energy in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. (Source: Bloomberg)
'Unfortunately, your role has been eliminated': Meta leadership in email to employees
Meta has initiated significant layoffs, impacting thousands globally as roles are eliminated to enhance efficiency and fund AI investments. Employees are informed via email about severance, visa support, and system access termination. A non-working notice period is in effect, with continued pay and benefits until the termination date. Outplacement services are also provided.
Fed Minutes Show More Officials Warned of Rate-Hike Scenario
A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports. (Source: Bloomberg)