Latest

Archegos founder jailed for 18 years for massive fraud: US media
Archegos founder jailed for 18 years for massive fraud: US media
Business and Economy
by  AFP

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported. "The sentence has to reflect the seriousness of the event," said judge Alvin Hellerstein according to The New York Times, which also reported the 18-year prison sentence.

Nvidia crushes earnings expectations on AI chip demand
Nvidia crushes earnings expectations on AI chip demand
Business and Economy
by  AFP

US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence. Nvidia surpassed Apple early this month to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.