Nvidia shares soared 15 percent on Wednesday, their biggest one-day rise in over two years, as investors bet the company's new chips would win it a major stake in future tablets and smartphones.
Nvidia shares surged 15 percent on Wednesday, extending a rally ignited by optimism about its ARM-based mobile chip business and a $1.5 billion legal settlement with Intel Corp.
The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.
Banks will meet in New York City on Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group, three people familiar with the matter said on Wednesday.
Demand Media Inc, which relies on search engine data and thousands of freelancers to churn out low-cost articles and video, set terms on Wednesday for a $112.5 million initial public offering.
Prospects are slim due to high deficits that the U.S. government will create a financing arm to underwrite big-ticket infrastructure projects, the chief executive of General Electric Co said on Wednesday.
Stocks ended solidly higher on Wednesday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares.
The United States posted an $80 billion budget deficit in December, slightly smaller than economists had expected, Treasury Department data showed on Wednesday.
Nvidia shares surged 14 percent on Wednesday, extending a recent rally ignited by optimism about its ARM-based mobile chip business and a $1.5 billion legal settlement with Intel Corp.
The battered U.S. labor market may finally be looking up, according to a report from the Federal Reserve that found modestly better job conditions across the country.
Activist investor Boston Common Asset Management LLC said that it has sold most of the 167,000 shares it held in Cisco Systems Inc, capping a lengthy dispute with the company over its human rights record.
Nvidia shares surged 12 percent on Wednesday, extending a recent rally ignited by a $1.5 billion legal settlement with Intel and optimism about its ARM-based chip business.
Clearwire Corp shares rose more than 1 percent after the wireless service provider said board member Ben Wolff is also acting as a strategic adviser, raising the possibility that it soon might raise more money.
U.S. securities regulators are preparing to release two key studies this month that could lead to major changes in how investment advisers and brokers who offer advice to retail customers are regulated.
The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country.
U.S. stocks rose on Wednesday after a healthy bond auction in Portugal eased nervousness about the euro zone's debt crisis while a spike in food prices lifted agricultural shares.
The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country.
Most Americans made work-related New Year's resolutions this year, be they to try to change jobs or get a raise or promotion at their current workplace, according to a survey released Friday.
The Obama administration is exploring ways to boost tax incentives for corporate investment in the United States, Treasury Secretary Timothy Geithner said on Wednesday, ahead of his meeting with chief financial officers from some of America's biggest companies.
U.S. stocks rose on Wednesday after a healthy bond sale in Portugal eased nervousness about the euro zone's debt crisis and investors pushed U.S. bank shares higher on signs of strength.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
President Barack Obama is getting a bump in his approval ratings from an improving economy but Americans want him to focus on reducing debt and spending, a Reuters/Ipsos poll showed on Wednesday.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
U.S. stocks rose on Wednesday after a healthy bond sale in Portugal helped ease concern over the latest sovereign debt crisis to crop up in Europe and signs of strength in the U.S. banking sector.
U.S. import prices jumped in December as energy costs surged, a sign that while inflation may be tame domestically there are plenty of price pressures coming from overseas.
Private equity funds in China are nervously eyeing a push by the country's top securities regulator to gain oversight of the fast-growing sector, fearing increased scrutiny and tougher new rules.
Talking to people in the Chinese market over the weekend, writes Jeff Toshima, Tokyo director of the World Gold Council, in today's Nikkei Money, I was amazed to discover the number of gold saving accounts at Industrial and Commercial Bank of China has grown above 1,000,000 within a year of ICBC launching the service.
Gold holdings rose because of purchase by the central bank of Estonia to cover its contribution to the ECB's foreign reserve assets, the ECB said.
U.S. stock indexes were set to rise at the open on Wednesday after a healthy bond sale in Portugal and signs of strength in the U.S. banking sector.
U.S. import prices jumped in December as energy costs surged, a sign that while inflation may be tame domestically there are plenty of price pressures coming from overseas.
