Business

Gloom settles over Germany’s economy, with businesses downbeat about the coming months

FRANKFURT, Germany (AP) — Germany’s businesses remain mired in pessimism, a key survey showed Friday, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, high interest rates and political squabbling. The closely watched Ifo institute survey of business sentiment rose only slightly to 85.5 points in February from 85.2 points in January due to “slightly less …

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A work-from-home tip: Don’t buy stocks after eavesdropping on your spouse’s business calls

HOUSTON (AP) — A word to the wise: If you overhear your work-from-home spouse talking business, just forget anything you may learn from it. And most definitely do not trade stocks using what authorities will almost certainly view as inside information. Tyler Loudon, a 42-year-old Houston man, learned this lesson the hard way. He pleaded guilty Thursday to securities fraud …

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Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence

SANTA CLARA, Calif. (AP) — Nvidia Corp., which has seen its value skyrocket over the past year thanks to soaring demand for its graphics chips used for artificial intelligence, posted stronger-than-expected results Wednesday for its latest quarter, with its revenue more than tripling from a year earlier. Nvidia reported revenue for its fiscal fourth quarter that ended Jan. 28 of …

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Walmart rips again in Q4 but as inflation retreats, so does customer spending per trip

NEW YORK (AP) — Walmart on Tuesday reported another quarter of strong results, as its low prices attracted shoppers looking for deals in an economically challenging environment marked by bouts of inflation. Yet inflation is fading, resulting in Walmart customers spending less per trip, leading the company to release a modest earnings forecast. Walmart also said it is buying smart …

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Musk pushes forward on transfer of legal home for SpaceX from Delaware, to Texas

Elon Musk is looking to move the legal home of SpaceX to Texas from Delaware after a judge in that state voided the billionaire’s $55.8 billion Tesla pay package. A certificate of conversion for Space Exploration Technologies Corp. was filed to reincorporate in Texas from Delaware, which became effective on Wednesday. “SpaceX has moved its state of incorporation from Delaware …

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Waymo issues recall after 2 of its vehicles strike the same pickup truck

Waymo is issuing a recall for the first time due to a software concern after two of its self-driving vehicles hit the same pickup truck that was being towed. Waymo, which is owned by Google parent Alphabet, said that the recall potentially involves 444 autonomous vehicles. The company said that the incidents occurred in Phoenix, in December, prior to a …

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