Credit: JHVEPhoto/Shutterstock Nvidia lowered its Q4 revenue guidance just before the stock market opened on Monday (January 28), CNBC reports. The statement mentions "weaker than forecasted sales of its Gaming and Datacenter platforms," and the company suggests that "deteriorating economic conditioning in China" played a role. As of this writing, shares had dropped almost 15 percent after the market opened. The company has lowered its guidance to a quarterly revenue of $2.2 billion from $2.7 billion. Nvidia's earnings call, which will discuss 2019 financial results and Q1 2020 guidance is on February 14. "Q4 was an extraordinary, unusually turbulent and disappointing quarter," Nvidia CEO and founder Jensen Huang, said in a statement. "Looking forward, we are confident in our strategies and growth drivers." You can read the full statement on Nvidia's website. The company suggested that management of the excess inventory due to the cryptocurrency boom went as expected, but that sales … [Read more...] about Nvidia Lowers Q4 Revenue Guidance, Stock Drops
Jan 28, 7:53 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Kalyan Kumar 01/28/19 AT 7:50 AM U.S. stocks may open lowerStock index futures movement not excitingGold at a highOil slips on high U.S. rig countU.S. stocks may open lower Monday as President Donald Trump’s skepticism over the border wall deal seems to have raised concerns on yet another government shutdown.The lower opening of U.S. stock index futures reflected that mood. At 3:15 a.m. EST, Dow futures traded just 89 points up. S&P 500 and Nasdaq futures indicated a decline as well.Among the companies reporting earnings today are Caterpillar, Whirlpool and AK Steel.In Europe, the pan-European Euro Stoxx 600 index slid lower in most of the bourses. Mining stocks were an exception and rose nearly 1 percent, thanks to the industry’s huge exposure to China.Shares of Rio Tinto climbed 2.5percent after an upward price revision by … [Read more...] about US Stocks To Open Lower, Gold Steady But Oil Slips
Elaine Kurtenbach, Ap Business Writer Updated 3:58 am PST, Monday, January 28, 2019 A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Monday, Jan. 28, 2019. Markets are higher in Asia after President Donald Trump ended the partial U.S. government shutdown. less A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Monday, Jan. 28, 2019. Markets are higher in Asia after President Donald Trump ended the partial U.S. ... more Photo: Lee Jin-man, AP Photo: Lee Jin-man, AP Image 1 of / 7 Caption Close Image 1 of 7 A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Monday, Jan. 28, 2019. Markets are higher in Asia after President … [Read more...] about World stocks fall on doubts US shutdown deal will succeed
Owner of the Desh Supermarket in Magdalen Street, Abul Hussain, inside the stocked up store which has been closed since February. Picture: DENISE BRADLEY Archant The owner of a Norwich supermarket which will permanently close in 24 hour’s time is seeking a homeless charity to donate stock to. Desh supermarket, Magdalen Street, Norwich. PICTURE: Jamie HoneywoodAbul Hussain says he wants to give away about £2,000 worth of items from Desh World Foods Supermarket on Magdalen Street ahead of its closure on Tuesday.The 44-year-old has already contacted one Norwich foodbank to donate the items to, but has not had a response back - and so he is now appealing for other charities to come forward.He has asked foodbanks to collect the stock by Monday night as the store’s keys will be handed back to the landlord at 3pm on Tuesday.He said: “I think there is about £2,000 worth of stock I can give away. It includes tinned items and spices. The Desh Supermarket in Magdalen … [Read more...] about Norwich supermarket giving away stock ahead of permanent closure in 24 hours
Modern Formula Drift cars have way more in common with modern stock cars (think NASCAR) than they do with the drift cars of even a few years ago. This means that they are putting out NASCAR-stock-car-like power and so many teams have begun using the incredibly stout four-speed manual transmissions that you'd find in cars on the banks of Daytona or Talladega.These four-speed manual transmissions are incredibly simple and robust, given their design brief, but how exactly do they work? What makes them able to stand up to 800-plus horsepower for hours on end when, say, a five-speed Subaru WRX transmission struggles to be reliable with around 300 horsepower?Racing legend Stephan Papadakis pulls one of these four-speeds apart to show us what it is in their design that makes them so damned strong and easy to service. It's a quick video, but it's a fascinating window into one of the less-known or publicized aspects of race car design. … [Read more...] about How does a NASCAR stock car transmission work?