(Reuters) – HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, marking its first quarter of revenue growth after eight consecutive quarters of decline. The turnaround was primarily driven by a recovery in the personal computer market, bolstered by demand for artificial intelligence-capable systems. The PC market has been on a resurgence lately […]
Chipotle names company veteran Adam Rymer as finance chief
(Reuters) -Chipotle Mexican Grill on Wednesday appointed Adam Rymer as its chief financial officer from Oct. 1. Rymer is a 15-year Chipotle veteran, who previously served as vice president of finance. Rymer will report to interim CEO Scott Boatwright. The company also said Jack Hartung, former chief financial and administrative officer, will serve “indefinitely” as […]
Nvidia forecasts third-quarter revenue in line with market, shares fall
By Arsheeya Bajwa (Reuters) – Nvidia forecast third-quarter gross margin on Wednesday that could miss market estimates and revenue that was largely in line, failing to impress investors who have driven a dizzying rally in its shares as they bet billions on the future of AI. Shares of the Santa Clara, California-based company were down […]
US Supreme Court declines to revive Biden’s student debt relief plan
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court declined on Wednesday to revive President Joe Biden’s student debt relief plan, giving a boost to Republican-led states that have sued to block it. The justices rejected the administration’s request to temporarily lift a judicial decision that paused the plan, which is designed to lower […]