KeyBanc analyst John Vinh maintained NVIDIA Corp (NASDAQ: NVDA) with an Overweight and raised the price target from $220 to $280. NVDA will report its 4Q on February 22. The Street optimism reflected the commercialization of ChatGPT, a higher focus on AI workloads from the cloud and enterprises, and new gaming (RTX40) and data …
Read More »Paramount Posts a Big Miss, Announces Price Increases
Text size Paramount reported revenue that slightly missed expectations. Dreamstime Paramount Global stock fell sharply on Thursday after the media company reported a big miss on quarterly profits due to a slump in advertising and its CEO announced price increases in 2023. For the fourth quarter, the media company (ticker: …
Read More »Home Price Drop Hits 15% in Canada as Rates Squeeze Buyers
(Bloomberg) — Canadian home prices fell for an 11th straight month as rising interest rates continued to limit what prospective buyers can afford, ramping up pressure on the country’s housing market. Most Read from Bloomberg The national benchmark price for a home declined 1.9% to C$714,700 ($532,060) in January from …
Read More »Shopify stock falls 5% as forecast disappoints amid escalating Amazon rivalry, price increases
Shopify Inc. produced a better holiday quarter than expected according to a Wednesday earnings report, but a forecast for slowing revenue growth hit the stock in after-hours trading. Shopify SHOP, +6.55% sells e-commerce tools to merchants, a business that escalated quickly during the pandemic, as traditional bricks-and-mortar businesses jumped online …
Read More »Gold taps its lowest price in more than 5 weeks as U.S. dollar rises
Gold prices fell on Wednesday, touching the lowest intraday level since early January, as the U.S. dollar strengthened following the release of Tuesday’s U.S. consumer price index report. The CPI data showed inflation falling only slowly, suggesting the Federal Reserve will need to raise borrowing costs further. Price action Gold …
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