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Ticker: Strong AI chip demand fuels Nvidia’s Q2 results

Local Business

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 infrastructure spending remains strong. The company on Wednesday reported net income of $59.69 billion, or $2.46 per share, for the May-July period. Excluding certain items, earnings were $2.22 per share, well above the $2.09 per share consensus forecast by Wall Street analysts, according to FactSet. Revenue more than doubled from a year earlier to $96.22 billion, surpassing analysts’ ...

Briefcase: Sheetz For the Kidz raised more than $1.2M

Local Business

Sheetz Inc. raised $1,249,710 during its in-store giving campaign this past July for Sheetz For the Kidz. The record-breaking total marks Sheetz For the Kidz’s largest monthly fundraising effort to date and the second consecutive year the organization has surpassed $1 million during its annual July campaign. Every year, during the months of July and December, customers at all Sheetz’s 850-plus stores can donate to Sheetz For the Kidz at checkout, either through donation boxes or by adding a gift to their purchase. These funds support local kids in need with clothes, toys and more ...

Inflation gauge remains elevated during trade war

Local Business

WASHINGTON — An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs. Stubbornly high prices are shaping up to be a key issue in the midterm elections, now just 10 weeks away, ...

Blair County residents eligible for flood assistance

Local News

Blair County residents and businesses that may have experienced damage from flooding on July 28 are eligible for Small Business Administration loans to help with recovery. Serious flooding that day occurred mainly in Clearfield County, resulting in a disaster declaration for that county, making its residents eligible for recovery help — while also making the handful of Blair County victims of less severe flooding from the same storm also eligible, based on an SBA policy that extends recovery loan eligibility to counties contiguous to those where a disaster was declared, according to ...

Timeframe unclear for repair of Dilling Bridge on Lower Trail

Local News

Saturday will mark the one-year anniversary of the closing of the Dilling Bridge on the Lower Trail. At this point, a timeframe to make the needed repairs hasn’t been determined. The bridge, located between mile markers 9 and 10, is near the midpoint of the 16.5-mile walking/biking trail ...