Nvidia reports unprecedented fiscal fourth-quarter earnings, driven by surging demand for its AI technology, with significant contributions from its data center segment and the successful launch of the Blackwell GPU system.
President Donald Trump announces a new 'gold card' program offering wealthy individuals a $5 million path to U.S. residency and citizenship, aiming to boost the economy through investments and job creation.
Nvidia reports a significant increase in fourth-quarter earnings, driven by high demand for its AI chips, with a notable 78% year-over-year revenue growth. The company's data center business, focusing on AI GPUs, now represents 91% of total sales. Despite strong performance, concerns about slowing growth and competition from tech giants persist.
House Republicans have narrowly passed a budget resolution featuring significant tax cuts and spending reductions, advancing President Trump's domestic agenda. The plan includes $4.5 trillion in tax cuts and $2 trillion in spending cuts, sparking debate over social safety net programs and fiscal responsibility.
President Donald Trump has introduced a new 'gold card' program aimed at offering U.S. residency to wealthy foreign investors, replacing the EB-5 visa program. This initiative seeks to attract high-net-worth individuals and corporations by requiring a $5 million investment for legal residency and a potential pathway to citizenship.
Tesla's stock has seen an 18% decline year-to-date in 2025, making it the weakest performer among the 'Magnificent 7' tech companies. The downturn is attributed to reduced EV incentives and broader market uncertainties, despite a 31% increase since the early-November U.S. presidential election. Investors are advised to monitor key technical indicators and price levels for potential shifts in momentum.
Tesla's shares fell nearly 8% following a 45% drop in European EV registrations in January 2025, amid concerns over CEO Elon Musk's focus on other ventures and political affiliations, alongside broader market challenges.
Joann Inc., a renowned fabric and crafts retailer, is closing all its stores nationwide following a second Chapter 11 bankruptcy filing. The closure affects all locations, with going-out-of-business sales starting in February and most stores remaining open until the end of May.
Joann Inc., a leading fabric and craft retailer, is closing all its stores nationwide after a failed bankruptcy restructuring and sale. The company's assets were acquired by GA Group, leading to immediate going-out-of-business sales. This marks the end of an era for the crafting community.
Germany faces a pivotal snap election on February 23, 2025, with the potential to significantly alter its political and economic direction amidst economic challenges and debates over immigration.