Business News

AM Business Notebook

>>Nvidia, Target Report Earnings

(Undated) -- Nvidia stock is booming after the chipmaker reported earnings Wednesday that beat expectations. Shares topped one-thousand dollars as the stock rose seven-percent in extended trading. The company also announced a ten-for-one stock split, which should make it easier for individual investors to buy shares. Nvidia's earnings report indicates a continued strong demand for the company's AI chips. Retail giant Target also reported first quarter earnings, which came up short of market expectations. The report came just days after Target announced it would be slashing prices on more than 15-hundred items in an attempt to lure back shoppers who are wary of inflation

 

>>DOJ To Sue Live Nation

(Washington, DC) -- The Justice Department is planning to sue Live Nation over what it says are anti-competitive business practices. The entertainment company puts on concerts, sells tickets and owns venues. The lawsuit is expected to accuse the company of edging out competitors and driving up prices. Several state attorneys general are reportedly joining the suit, which could be filed as soon as today.

 

>>Nearly Half Of Homeowners Have At Least One Regret

(Washington, DC) -- Nearly half of current homeowners have at least one regret about purchasing their current home. According to a new survey from Bankrate, 47 percent of American homeowners cite maintenance and other hidden costs that are more expensive than expected. Many homeowners also come to realize their home is either too small or too big or in a bad location. A common worry is about the mortgage payment and whether they can handle it if the family's financial situation takes a turn for the worse.

 

>>Ford Tells Dealers To Halt EV Investments While Plan Is Reviewed

(Dearborn, MI) -- The policy by Ford Motor Company requiring dealers to meet certain guidelines for electric vehicle sales is on hold. The automaker is now reviewing their previous requirements for dealers to qualify for their Model E Certification program. Ford modified the requirements in November but has now recommended dealers stop any investments related to the program while they review information gathered from over one-thousand dealers. Ford has delayed a 12-billion dollar investment in EVs and expects their Model E business division to lose five-point-five billion dollars this year.

On Air Now

Lars Larson
Lars Larson
7:00pm - 10:00pm
Lars Larson

FlashAlert

KBND ON FACEBOOK

Duck Insider

News Disclaimers