No Picture
Trading Ideas

MORGAN STANLEY: Don't expect much upside from Nvidia's gaming business anytime soon (NVDA)

The performance of Nvidia’s new GeForce RTX series have been disappointing, Morgan Stanley says. Software supporting the expensive new graphics cards is still limited, and the new product cycle could show a slower growth in adoption compared to its previous cycle, analysts said. Nvidia’s new graphic-card performance is disappointing, and it could be some time before the cards drive growth for the company’s gaming business, Morgan Stanley says. …read more […]

No Picture
Trading Ideas

GE says four of its flagship power turbines are shut down in U.S.

The problem was discovered a few weeks ago on turbine blades in a natural gas-fueled turbine, known as the 7HA, operated by Exelon Corp (EXC.N) in Texas, GE told Reuters. “We expect the same issue will impact other HA units,” GE spokesman Chris Shigas said in an email. If the problem persists GE might need to pay compensation to customers and make costly design changes. …read more […]

No Picture
Trading Ideas

Police: 1 victim upgraded after workplace shooting

Authorities are trying to figure out why a software company employee opened fire inside his Wisconsin office, armed with a pistol and extra ammunition, and seriously wounded several of his colleagues before he was fatally shot by police. Middleton Police Chief Chuck Foulke said the motive behind the Wednesday morning attack at WTS Paradigm wasn’t immediately clear. The name of the suspect hasn’t been released, but police said he worked at the company and lived in nearby Madison. …read more […]

No Picture
Trading Ideas

Under Armour to cut 400 more jobs in turnaround push, shares rise

“Competition still remains an issue,” said Neil Saunders, managing director of GlobalData Retail. Initial signs from channel checks and online sales are that Nike is also set to get a boost from a controversial ad campaign, launched earlier this month, featuring former NFL player Colin Kaepernick. …read more […]