Nvidia (NASDAQ:NVDA) is now worth over $1 trillion. But in recent days NVDA stock has been backing up. Since hitting a peak on June 20, it is down almost 5%. The market cap is still over $1 trillion entering trade June 27, but barely. Nvidia’s graphics processing units, which focus on math rather than executing
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As bad as the inflation picture has been in the U.S., across the pond the experience has been far worse. In May, the United Kingdom’s year-over-year inflation rate was 8.7%, more than double the inflation rate that Americans are experiencing. Bank of England official Jonathan Haskel neatly summed up the problem while speaking to an
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A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for spot bitcoin ETF, which has long been opposed by the
In this article OXY FREY WFC JOBY MU Follow your favorite stocksCREATE FREE ACCOUNT An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Ken James | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Freyr — Freyr Battery surged 18%
Artificial intelligence (AI) is no longer just a buzzword. The revolutionary technology underpins a boom in various industries, laying fertile ground for AI stocks. AI remains an innovative force driving transformative changes, from voice and facial recognition to fraud detection and pattern recognition. A recent report from McKinsey on generative AI presents an eye-opening picture
Defying skeptics, i.e., the bears and the lion’s share of economists, the tech-heavy Nasdaq Composite was up a huge 29% so far in 2023 as of the afternoon of June 27. But this is not the second half of 2020. In other words, the vast majority of tech stocks aren’t soaring. Instead, this is a true “stock-picker’s
Despite facing challenges over the past six months, Rivian Automotive (NASDAQ:RIVN) is experiencing a potential turnaround. The electric vehicle producer is on the brink of a significant acquisition, which has positively impacted RIVN stock. Although the financial specifics of the deal are undisclosed, this development arrives at an opportune moment. Despite recent setbacks, Rivian’s performance
Do devout Christians have to work on Sundays? Will businesses have to make greater accommodations for devout Jewish or Muslim workers? The Supreme Court’s decision on Thursday stands to, for the first time in a haf-century, dramatically reshape federal rules that govern how employers must treat religious employees. In Groff v. DeJoy could come on
In this article PINS NVDA GIS Follow your favorite stocksCREATE FREE ACCOUNT Boxes of General Mills Lucky Charms cereal are displayed on a shelf at a Safeway store April 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Check out the companies making headlines in premarket trading. General Mills — Shares dropped 3.9%
At one point in time, tech stocks took center stage and became an integral part of every investor’s portfolio. During the pandemic, they offered unique solutions and enjoyed big rewards in terms of investor interest, higher revenue, and increasing market valuation. However, the past year was unkind to the tech industry. Inflation and concerns about
Selling stocks short is a practice that’s once again facing criticism, and a potential ban, following the collapse of multiple regional banks earlier in the year. Short selling is a risky practice where investors borrow shares, sell said shares (expecting their price to fall), then later buying these shares at a discount and pocket the
Meme-stock traders used to obsess over video game retailer GameStop (NYSE:GME). Those days are in the rearview mirror now, though, and serious investors should pay attention to GameStop’s problems. Furthermore, just because a well-known insider took a large stake in GME stock, this doesn’t mean you have to follow his lead. As you may have heard,
Small-cap stocks — left behind by the 2023 U.S. stock-market rally led by technology stocks — are poised to play catch-up in the second half, shaking off worries about a regional banking crisis that threatened to rattle financial markets earlier this year. “We think that if this rally actually has legs and broadens out, it’s
A trader works on the trading floor of the New York Stock Exchange in New York, the United States, on May 24, 2023. Michael Nagle | Xinhua News Agency | Getty Images Do you believe a serious recession is imminent? The IPO for you may have arrived. Savers Value Village, the largest for-profit thrift store
In this article ZI NFLX NVDA NCLH CCL Follow your favorite stocksCREATE FREE ACCOUNT A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images News | Getty Images Check out the companies
Lucid Group (NASDAQ:LCID) is one of the top EV stocks to watch. Indeed, this sector has been on fire lately. However, a two-year chart shows a rather precarious position many companies find themselves in, with LCID stock well off its peak. That said, there are reasons many investors are looking at Lucid right now. This
Many investors flock to dividend investing for stable cash flow and the potential for appreciation. The idea of earning passive income is attractive, especially for consumers planning for retirement. However, companies change, and this can hurt investors if their portfolios continue on autopilot for too long. Previously high-conviction stocks can turn into duds as economic
If current laws remain unchanged, the U.S. budget deficit will widen at a rapid pace and reach levels only exceeded during World War II and the darkest hours of the coronavirus pandemic, the Congressional Budget Office said in a new report released Wednesday. Persistent deficits will cause the debt held by the public to jump