State California Financial News

23.05 / 10:29

markets CEO NVIDIA Research Micron Broadcom Trade Nvidia shares rise as blowout revenue forecast cements AI lead

Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market. The company's stock rose 6.5% in premarket trading, with rival AI-related chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2% and 3%.

23.05 / 10:29

Citi community Universities Department Courts International India-born Jaya Badiga appointed judge in Sacramento County Superior Court

Jaya Badiga, a certified family law specialist, has been appointed as a Judge in the Sacramento County Superior Court in the US state of California. Gavin Newsom, the Governor of California, made the appointment of Badiga, who has earlier served as a Commissioner at the Sacramento County Superior Court since 2022. Badiga, born in Vijayawada city of Andhra Pradesh, fills the vacancy created by the retirement of Judge Robert S. Lapham. Badiga, a member of the Democrat Party, also served as an Attorney at the California Department of Health Care Services in 2020 and at the California Governor's Office of Emergency Services in 2018.

23.05 / 06:13

Provident CEO FTX reports recommendations Destinations Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison

Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California.

22.05 / 22:09

UPS Digital Action Apple exclusive Courts Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments

Longtime Apple executive Phil Schiller on Wednesday acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn’t done much to increase competition — a shortcoming that could result in a federal judge demanding more ch...

22.05 / 18:55

UPS Provident Exodus Universities information Courts Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy

A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for more than a week, according to recent court documents.

22.05 / 17:07

FIVE Strategy Southern wellness 2020 reports peace Equitable expands in California with ex-Lincoln advisor duo

Equitable has strengthened its wealth advisory presence in California with a pair of former Lincoln advisors, including a four-decade veteran of the industry.

22.05 / 17:03

markets COST UPS Fox economy President Why Biden’s almost 100% capital gains tax increase would crush the stock market

Americans for Tax Reform President Grover Norquist discusses President Biden's 2025 budget proposal on 'The Bottom Line.'

22.05 / 16:59

Provident Apple Yellow Sony blues Features iPhone 16 Pro leaks: Larger megapixel count and new reflective technology expected

iPhone 16 Pro and iPhone 16 Pro Max might feature a 48MP sensor. This sensor is expected to be 1/2.55 inches in size with 0.7µm pixel dimensions, promising more detailed images and an improved macro mode.Furthermore, the iPhone 16 Pro might be equipped with a 5x zoom camera, while the zoom functionality for the iPhone 16 Pro Max is expected to remain unchanged from the iPhone 15 Pro Max.

22.05 / 15:13

Progressive BURST awards medicines Schools Caltech professor Shrinivas R Kulkarni bags Shaw Prize for his work in astronomy

Astronomy and Planetary Science at California Institute of Technology (Caltech), USA, has bagged The Shaw Prize, 2024. Kulkarni is the younger brother of well-known writer and Rajya Sabha member Sudha Murty, and hails from Karnataka. He was born in Kurundwad, near Sangli in Maharashtra and studied at Hubballi. He topped in the class, both in studies and in other school competitions, his sister Dr Vimala Kulkarni had told ET, in a recent chat. He was always keen on experimenting with things, anything new, she had said.

22.05 / 14:41

FIVE security Election WhatsApp country Will Russia's counter space weapon destroy US satellites? Tension between superpowers escalates

Pentagon has given out the details of a Russian counter space weapon that was launched earlier into the Low Earth Orbit (LEO). This weapon is said to be capable enough of attacking US Space assets. The US said that this launch took place on May 16, 2024.

22.05 / 14:37

markets Death Bill Fastenal country recommendations Traffic New cars in California could alert drivers for breaking the speed limit

A bill before California lawmakers would require new cars sold in the state in coming years to beep a warning whenever drivers exceed the speed limit by at least 10 mph

22.05 / 14:37

markets UPS Google Racing NVIDIA composer Nvidia to release earnings as AI demand continues unabated

Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday

22.05 / 14:27

UPS FIVE Strategy trends performer reports CPPIB earns 8% return, lowers real estate exposure after offices take hit

Canada Pension Plan Investment Board earned an eight per cent return in the fiscal year ended March, as double-digit gains in stocks, credit and private equity made up for weaker performance in emerging markets and real estate.

22.05 / 07:01

markets Manufacturing patient medicines Courts Updates Pharmaceuticals Hawaii court orders drug companies to pay $916 million in Plavix blood thinner lawsuit

Hawaii's attorney general says a court has ordered the manufacturers and distributors of the blood thinner Plavix to pay the state a combined $916 million after finding the companies failed to disclose the efficacy and safety of the medication

21.05 / 21:01

UPS Fox economy wellness President show reports High inflation is still a burden to Americans – especially parents, Fed survey shows

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

21.05 / 12:09

markets Provident Racing Enterprise NVIDIA Coherent Department Scale AI valued at $14 bln in Nvidia, Amazon-backed funding round

Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market.

21.05 / 11:52

markets Cooper security Trade Inside information Scandals Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87

Boesky, involved in one of the biggest insider trading scandals, dies at 87.

21.05 / 11:51

Manufacturing Volkswagen Action reports prevention rights Investigations Senate report finds parts made with China's forced labor in cars by BMW, Jaguar Land Rover and VW

A Senate inquiry has found BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor

21.05 / 11:51

Discover BAY Death community shooting Department Investigations Over $450K recovered for workers of California mushroom farms that were sites of fatal shootings

Federal officials say that the owners of two Northern California mushroom farms where a farmworker killed seven people in back-to-back shootings last year will pay more than $450,000 in back wages and damages to 62 workers

21.05 / 11:51

Waters BAY community blues reports Department Interviews California congressman urges closer consultation with tribes on offshore wind

A California congressman says tribes should be more involved in the decision-making process for the development of the first offshore wind farms along the West Coast

21.05 / 11:01

UPS Fighting Apple information prevention Schools Courts Apple fights €1.8 billion EU antitrust fine for curbs on Spotify

Apple Inc. is challenging a €1.8 billion ($1.9 billion) fine levied by the European Union for thwarting fair competition from music-streaming rivals, including Spotify Technology SA. The iPhone maker has filed a suit at the EU’s General Court in Luxembourg to topple the March decision, according to people familiar with the matter who spoke on condition of anonymity.

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