Amazon's AWS division "is deploying an addition two million GPUs starting this quarter through the second of FY29," Nvidia CFO Colette Kress said on a conference call after the chip giant's earnings report this afternoon.

Nvidia reported fiscal second-quarter earnings after Wednesday's closing bell. The company delivered a blockbuster revenue forecast.

Wall Street's main indexes opened ​higher on Tuesday as ‌technology stocks recovered from the previous session's ​selloff ahead ​of AI heavyweight Nvidia's results ⁠and an ​inflation report key to ​shaping interest rate expectations.

Nvidia "does not face a serious challenger at its layer of the stack and is probably the best chance for public market investors to profit from the AI boom," Girotra said. Fears o

Inflation as measured by an index followed closely by the Federal Reserve increased more than expected in July while second quarter gross domestic product held steady, the Bureau of Economic Analysis said on Wednesday.

US personal consumption expenditure inflation was 3.7 per cent in July, the same as in June and slightly higher than expectations of a slowdown to 3.6 per cent Core PCE inflation, excluding food and energy,

Key Takeaways The Fed’s preferred inflation measure rose 3.7% in July, slightly above forecasts.Core inflation, excluding food and gas, increased 3.3%, aligning with expectations.The report leaves uncertainty about whether the Fed will raise interest rates in September.

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.

Iran’s status as an economic outcast is nothing new. It’s been a pariah in the eyes of much of the world for literally decades.

Iran promised to retaliate against expanded U.S. economic sanctions ⁠that ⁠the Americans said would cut off Iran's economic lifeline, ⁠with Tehran expressing confidence that major trading partners would resist Washington's pressure campaign.

Day" against Iran, widening current sanctions and targeting countries with business ties with the regime.

Iran conflict after Secretary Bessent announced new sanctions targeting the economy. Former NSC chief of staff Alex Gray also joined 'Fox & Friends First' to discuss the impact of the campaign.

You may have hoped for a larger 2027 COLA, especially if you're struggling to cover your expenses with the benefits you're currently receiving. But a larger COLA comes with a hidd

The proposed Social Security 2100 Act aims to preserve benefits over the long run while changing the COLA formula to better protect retirees from rising costs.

Social Security and SSI benefits are set to rise 2.8% in 2026. Here is when payments increase, how to find your personal notice and what the COLA does not answe

The 2027 Social Security cost-of-living adjustment is set for announcement on October 14, 2026, with an estimated increase of 3.4%.