Nvidia shares declined following strong quarterly results as investors set a high bar for earnings. A lower gross margin and slowing growth also contributed to the fall. ADVERTISEMENT Nvidia’s third-quarter earnings for fiscal 2025 once again showcased robust demand for artificial intelligence (AI) chips. However, capacity constraints and expectations for a lower profit margin failed to impress investors, causing the …
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BP bows to investor pressure as it abandons plans to cut oil output
BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry. ADVERTISEMENT Oil giant BP is reportedly giving up its target to reduce its oil production in the next five years as part of a change of strategy, more of which …
Read More »Nike holds off guidance and investor day to allow CEO to find his feet
Nike is holding off giving guidance and has postponed investor day as it tries to give incoming CEO Elliott Hill a chance to review current strategies and plan future ones. ADVERTISEMENT Sportswear giant Nike has postponed an investor day scheduled for November and withdrawn its financial guidance, as it waits for its new chief executive officer (CEO) Elliott Hill to …
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