Shares of Nvidia rose in premarket trading on Thursday. Goldman Sachs and Citigroup raised their price targets for the stock.

Many of the investors, economists and other finance pros that made their annual pilgrimage to Wall Street’s exclusive wilderness camp earlier this month are about to get an update on their biggest worry—the future of the AI trade.

However, Nvidia's fiscal third-quarter gross margin guide of 74% is 100 basis points lower than what it just reported for the fiscal second quarter. Growing external and internal graphics processing unit (GPU) competition suggests this may be as good as it gets on the gross margin front for Nvidia.

Nvidia has smashed analysts’ earnings estimates in each of the 14 quarters since the launch of ChatGPT kicked the AI race into high gear. Today, many investors' expectation is that the company

We are back in Jackson Hole! And this year's Federal Reserve Bank of Kansas City symposium on monetary policy might be one of the most interesting editions in years. It marks the first under new Fed Chair Kevin Warsh,

New Federal Reserve Chairman Kevin Warsh has yet to earn the trust of his central-bank colleagues or financial-market participants who remain wary of his approach to curbing inflation and his ties to the White House.

Stablecoins, the theme of this year’s symposium, are expected to bolster demand for short-term debt on which the Treasury is increasingly reliant

Financial markets headlines right now are dominated by talk of Jackson Hole. Why it matters: Jackson Hole is shorthand for an annual gathering of central bankers in Wyoming that inevitably makes big-time economic news.

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.

July's US core PCE deflator, the Federal Reserve's preferred measure of inflation, has come in at 0.2%MoM/3.3%YoY, as expected. Read more here.

US PCE inflation rose to 3.7% in July as income and spending grew. Higher service prices may keep pressure on the Fed ahead of its September meeting.

The Federal Reserves preferred inflation gauge remained elevated in July, reinforcing concerns over persistent U.S. price pressures ahead of the central banks September interest rate decision. The Personal

Iran's economy is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the Islamic Republic

Bianna Golodryga speaks with CNN’s global affairs analyst Karim Sadjadpour about how Tehran may respond to the Trump administrations announcement of new sanctions on Iran.

Former Pentagon official Brent Sadler joins 'America Reports' to analyze U.S. military operations and economic sanctions on Iran.

Oman said it discussed a proposed framework with Iran to create “a temporary joint navigation corridor” through the Strait of Hormuz. Oman’s foreign ministry said the two countries are negotiating a permanent route,

RDS Wealth President and CEO Dale Smothers explains why Nvidia CEO Jensen Huang's guidance matters more than quarterly results on 'Varney & Co.'

Despite being the CEO of the world’s most valuable company by market capitalization, Jensen Huang tends to stay relatively quiet when Nvidia reports quarterly results—at least to start. Colette Kress,

Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infr

Artificial intelligence juggernaut Nvidia blew past Wall Street's expectations for its latest quarterly earnings report, more than doubling its profits and revenue. Wall Street Journal tech reporter Robbie Whelan joins CBS News to discuss.

The Singapore dollar consolidates against its U.S. counterpart in the Asian session. Trading is likely to remain subdued ahead of major events later this week, including the Fed’s Jackson Hole symposium,

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a one-week high, supported by hotter-than-expected U.S. inflation data that kept expectations of another Federal Reserve interest rate hike

The dollar held near an eight-day high ‌on Thursday after U.S. inflation and other economic data slightly lifted expectations of a Federal Reserve rate hike, ahead of the Jackson Hole central bankers' symposium due to begin later in the day.

The U.S. dollar traded marginally higher against a basket of currencies as markets await the release of the July PCE data at 1230 GMT.