By Leonora LaPeter Anton and Brad Brooks ST. PETERSBURG, Florida (Reuters) -An expanding Hurricane Milton was on the verge of making landfall on Florida’s west coast on Wednesday, spawning tornados and lashing the region with rain as it threatened the Tampa Bay area, where it could deliver a life-threatening surge of seawater. In a state already battered by Hurricane Helene two weeks ago, as many as two million people were ordered to evacuate, and millions more live in the projected path of the storm. Officials issued increasingly dire warnings on Wednesday as landfall, expected on Wednesday evening, drew closer. President…
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Nvidia stock (NVDA) is aiming for a new record close as investors continue to bet on the artificial intelligence boom.The stock traded roughly flat Wednesday, closing at $132.65. It previously hit a record closing price of $135.58 in June. Nvidia has been on a torrid winning streak, notching its fifth consecutive day of gains Tuesday before Wednesday’s slightly down session. Shares are up 12% from last week.The stock’s climb has been fueled by a barrage of good news for the AI chipmaker. Wall Street analysts this week have reiterated their Buy ratings on Nvidia shares. KeyBanc released a report estimating…
Cloudflare, Inc. (NYSE:) has reported a series of transactions involving its President and Chief Operating Officer, Michelle Zatlyn, who sold shares totaling over $9.4 million. The transactions, which took place on October 7th and 8th, were executed at varying prices ranging from $79.729 to $82.9932. Zatlyn, who is also a director at Cloudflare, engaged in multiple sales of the company’s Class A Common Stock. On October 7th, she sold 34,800 shares at an average price of $81.3477 and an additional 14,704 shares at an average price of $82.0503. The sales continued with 1,776 shares disposed of at an average price…
MILL VALLEY, Calif.–(BUSINESS WIRE)–Redwood Trust, Inc. (NYSE: RWT; Redwood (NYSE:) or the Company) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the Notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 (the Initial Notes), of which…
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesU.S. stock futures were little changed Wednesday night as investors looked ahead to the release of September’s consumer price index report.Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures inched lower by 0.03%, and Nasdaq 100 futures fell 0.04%.The S&P 500 and Dow ended Wednesday’s session with fresh record closes. The broad market index rose 0.71%, also registering an all-time high during trading, while the 30-stock Dow jumped more than 400 points,…
Stellantis’s North American operations are in a dire state, characterized by internal feuds, a myopic focus on a single model, and a disregard for warning signs. These factors have culminated in a disastrous situation that despite attempts to rectify, including a search for a new CEO and aggressive incentives, the damage is already done. The Fiat 500e’s failure to attract SUV customers and Alfa Romeo’s dismal sales compared to even a discontinued model like the Chevy Camaro highlight the company’s missteps. To revive the iconic Italian carmaker, Stellantis must address several key issues. First, the internal feuds must be resolved…
Traders are eyeing the release of the Fed September meeting minutes this afternoon.Kevin Dietsch/Getty ImagesUS stocks traded mixed as investors looked ahead to the central bank’s meeting minutes.The release will offer more insight into what the Fed is thinking about monetary policy and inflation.Traders are anticipating a quarter-point rate cut in November.US stocks were mixed early Wednesday as traders looked ahead to the minutes of the Federal Reserve’s last policy meeting, which should give further guidance on the path of interest rates for the rest of the year.All three benchmark indexes traded slightly in the red, while bond yields were…
Companies turn to outsourcers for access to new technologies, improving customer and agent experience, ISG Provider Lens™ report says SYDNEY–(BUSINESS WIRE)–Enterprises in Australia are outsourcing contact center operations to take advantage of new technologies as well as to save labor costs, according to a new research report published today by Information Services Group (ISG) (Nasdaq: NASDAQ:), a leading global technology research and advisory firm. The 2024 ISG Provider Lens™ Contact Center ” Customer Experience Services report for Australia finds that effective contact centers in Australia are combining traditional and innovative approaches for outstanding omnichannel customer service that adapts to changing…
Rolls-Royce Motor Cars, renowned for its classic V12 powertrains, continues to offer a luxurious driving experience with models like the Phantom, Ghost, and Cullinan. Among these, the Phantom VIII stands out as a pinnacle of elegance and engineering. Its 6.75-liter twin-turbocharged V12 engine, combined with its bespoke craftsmanship, sets it apart from other V12-powered cars like the Aston Martin DBS, Bentley Flying Spur, and Ferrari Pursoangue. While Rolls-Royce is known for its intricate and time consuming customization options, as demonstrated by the Phantom Scintilla, a simpler approach can also create a striking vehicle. Platinum Motorsport Group in Los Angeles recently…
The Chevrolet Colorado, introduced in 2023, initially offered two engine options: the L2R and the L3B. The L3B came in both standard and high output tunes. For 2024, GM dropped the standard tune of the L3B, and in 2025, the L2R followed suit, leaving only the high-output L3B. GM’s fleet order guide for the 2025 Colorado lists the TurboMax engine, which produces 310 horsepower and 430 pound-feet of torque. The L2R previously produced 237 horsepower and 259 pound-feet of torque. The L2R and L3B differ in terms of hardware, transmission, and fuel economy. 2025 Chevrolet Colorado: Power, Performance, and New…