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Tech giant Nvidia reported its first-quarter earnings on Wednesday, beating analysts' expectations, though it projected second-quarter sales below estimates amid tightening export controls to China that cover some of its AI chips.Nvidia, a leader in the artificial intelligence (AI) space, saw shares rise 3% in after-hours trading following the announcement. The earnings report showed that first-quarter net income was up 26% from a year ago at nearly $19 billion, with […]

American lobsters could get shipped to the European Union (EU) tariff-free amid the U.S. and the EU’s ongoing discussions on trade. The U.S. and EU have been negotiating a deal to address tariffs and, according to the Financial Times, the European Commission is amenable to including such a measure in it. The trade talks between the U.S. and EU commenced after the Trump administration implemented tariffs on the EU as well as other […]

Chevron has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to its partner, state company PDVSA, but it plans to retain its direct staff in the country, four sources close to the decisions told Reuters.The State and Treasury departments had given companies such as Chevron, Maurel & Prom and Repsol until May 27 to receive cargoes of Venezuelan crude oil, […]

Victoria's Secret's website went dark on Wednesday after a "security incident" prompted the company to completely shut down U.S. online operations.Customers clicking onto the world's largest lingerie retailer's website were met with a black screen featuring a message sprawled across the center of the page.CYBERATTACK AT SOFTWARE GIANT POTENTIALLY COMPROMISED PATIENT DATA; FBI INVESTIGATING: REPORT"Valued customer, we identified and are taking steps to address a security incident. We have taken […]