From Elon Musk to the Chinese tech giants, everyone wants GPU chips from Nvidia. There may not be enough to go around.

From Elon Musk to the Chinese tech giants, everyone wants GPU chips from Nvidia.  There may not be enough to go around.

Demand for Nvidia’s semiconductor chips will skyrocket in 2023.Justin Sullivan/Getty Images Elon Musk Loaded on Nvidia GPUs for X, xAI and Tesla. Meanwhile, Chinese tech giants are reportedly scrambling to buy up to $5 billion worth of chips. Some warn that a shortage could soon occur, as demand for the technology outstrips supply. It seems … Read more

Buy tech stocks now as strong second-quarter earnings will lead to a 15% year-end rally, Wedbush says

TIMOTHY A. CLARY / Contributor via Getty Images Investors should buy the tech stock before the year-end rally, according to Wedbush’s Dan Ives. Ives said on Friday that the combination of strong second-quarter earnings and a less hawkish Fed should boost stock prices. “With the Fed waving the white flag on rate hikes, we see … Read more

Former Goldman Sachs CEO Lloyd Blankfein phoned his successor to complain after he received $50 million in the bank’s shares.

Former Goldman Sachs CEO Lloyd Blankfein phoned his successor to complain after he received $50 million in the bank's shares.

Former CEO of Goldman Sachs Lloyd Blankfein.Photograph: Wolfgang Ratte/Reuters The New York Times reported that the former CEO of Goldman Sachs has summoned his successor to file a complaint after he received $50 million in shares of the bank. Lloyd Blankfein offered to give David Solomon more advice and floated a return to the company, … Read more

These Institutional Homebuyers Have Totally Stopped Buying—Why the 2023 Housing Market Has Wall Street’s Shy Types

These Institutional Homebuyers Have Totally Stopped Buying—Why the 2023 Housing Market Has Wall Street's Shy Types

entering the year 2023, Yieldstreet said the institutional home buyer luck It reduced its home ownership levels by more than 90% in the second half of 2022. “We’re pretty stalled on all of our (home-buying) strategies,” Tejas Joshi, director of single-family housing at Yieldstreet, said. Tell luck in january. The combination of high interest rates … Read more

Retirees rely on Social Security the most in these US cities

Retirees rely on Social Security the most in these US cities

A pen and a pair of glasses sit on top of a Social Security card and a $100 bill. when economic inflation Money surges and loses its purchasing power, and suddenly the hard-earned savings of retirees don’t reach the extent they expected. Inflation can also lead to wide salary increases, but retirees usually don’t benefit … Read more

Exxon was awarded a $77 million claim against Venezuela

Exxon was awarded a $77 million claim against Venezuela

(Bloomberg) — A World Bank arbitration court has awarded $77 million to Exxon Mobil Corp. In a re-filed $1.4 billion lawsuit over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude oil projects in 2007. Most Read from Bloomberg The award is the result of a lengthy legal battle that ended when the International … Read more