Finance

Nvidia’s AI lead ups stakes for earnings

Chipmaker Nvidia has been leading the AI charge this year, driving shares to a new record up 242% YTD and leaving little room for disappointment in its upcoming earnings report.

Goldman moves to unload GM credit card

The credit-card program is largely marketed toward people who buy and own General Motors cars. Goldman is also the issuer for the Apple credit card, which is much larger.

Disney names veteran PepsiCo exec new CFO

Walt Disney announced Monday it is bringing on former PepsiCo executive Hugh Johnston as the company’s new senior executive vice president and chief financial officer beginning on Dec. 4.

Oil slide hits Exxon Mobil profits

Exxon Mobil Corp reported a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago. The decline comes as oil prices retreat from higher levels.

Boeing slashing 737 deliveries on quality issue

Boeing said it is reducing deliveries of its popular 737 Max jet this year after spotting a quality issue involving the aircraft’s pressure bulkhead. Still, the planes remain cleared to fly.