Nvidia stock is down 5%+, as investor concerns around the AI infrastructure boom dampen enthusiasm about its better-than-expected earnings
Kai Nicol-Schwarz /CNBC:
Nvidia reports Q4 revenue up 73% YoY to $68.13B, above $66.21B est., Data Center revenue up 75% YoY to $62.3B, and forecasts Q1 revenue above estimates
Nvidia Corp., the dominant maker of artificial intelligence processors, failed to impress investors with its latest sales forecast …
A profile of Blake Benthall, arrested in 2014 for running Silk Road 2.0, which had 1.7M users and $8M/month sales, as he promotes his crypto startup Fathom(x)
New York Times : X: @rmac18 , @kashhill , @emers0nian , and @eddyelfenbein X: Ryan Mac / @rmac18 : 10 years ago, @kashhill and I covered the downfall of Silk Road 2.0 and the arre...
The FDIC plans to sell all of Signature Bank's 40 branches to Flagstar Bank, as well as some Signature loans and deposits not in its digital banking business
Bloomberg reports: — “Signature Bank's crypto-related deposits will be returned to customers directly … Michael Farrell : I am pleased to announce that Signature Bridge Bank, N.A...
The FDIC plans to sell Signature Bank's deposits to Flagstar Bank, excluding those in its digital banking business, some loans, and Signature's 40 branches
A subsidiary of New York Community Bancorp (NYCB.N) has entered into an agreement with U.S. regulators to purchase deposits and loans …
Interviews with more than 24 people involved in the AT&T/Time Warner merger, including Jeff Bewkes and Randall Stephenson, detail how it went disastrously awry
At Time Warner, executives saw AT&T as just a “big phone company from Texas.” At AT&T, they thought Hollywood would play by their rules. Tweets: @jamesstewartnyt , @nytimes , @dan...
Valuations of recent IPOs, relative to the companies' revenue, are at their highest levels since the dot-com era, sparking concerns among investors
Wall Street Journal : Tweets: @eliotwb , @rationalwalk , @markjeffrey , @daveambrose , @eliotwb , @jessefelder , and @eddyelfenbein Tweets: Eliot Brown / @eliotwb : -Airbnb is wor...
Apple says its board of directors has approved a four-for-one stock split, its fifth stock split since it went public
Todd Haselton / CNBC :
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 6%+
Revenue up 11 percent and EPS up 18 percent to new June quarter records — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.