KGWV · U.S. MARKET INTELLIGENCE
Nintendo's first-quarter revenue and net profit both exceeded market expectations, even as Switch 2 hardware sales fell sharply. For the quarter ended June 30, Nintendo reported revenue of 517.8 billion yen, or about $3.28 billion, compared with the 444.96 bil…
Maggie Fanari is CEO of J. Rothschild Capital Management, which manages RIT Capital Partners Plc, one of the United Kingdom’s largest investment trusts. Fanari described RIT as a “family office” focused on maximizing growth while minimizing downside risk. She…
Nscale is touting $51 billion in contracts and plans a U.S. IPO in September.
SpaceX and Tesla officially announced an investment of $16.8 billion. The world’s largest chip factory has made new progress.
Tesla and SpaceX said Thursday that they will jointly build Terafab, an advanced semiconductor factory planned for Grimes County, outside Houston, Texas. The project's first-phase investment is $16.8 billion. Elon Musk, the companies' joint chief executive, sa…
Alphabet’s large bond offering attracted about $115 billion in investor orders, while the Google parent is seeking to raise as much as $25 billion from the debt market, according to people familiar with the matter. The offering may be divided into as many as 1…
The Federal Reserve transferred $500 million in cash to Iraq’s central bank, according to official sources, the Iraqi National News Agency reported.
Nvidia is considering an aggressive move to address a shortage of high-end, high-bandwidth memory chips: using a lower-than-planned video-memory configuration in its next-generation Rubin Ultra graphics processor. According to people familiar with the matter,…
Blue Owe said markets are pricing companies differently based on their exposure to artificial-intelligence risk. It said its nonaccrual assets are among the lowest in the industry peer group. Its over-the-counter fund (OTF) portfolio has shown almost no signs…
U.S. financial technology company Marqeta is expanding its partnership with Google and launching a new Wallet for Kids service.