Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more
font size Nvidia has been hit hard by waning pandemic-era demand for gaming graphics cards. Justin Sullivan / Getty Images nvidia warned that The shortage in the gaming sector Revenues will hinder second-quarter results. Analysts are left wondering how much more to blame for lower demand from players, compared to crypto miners. The company said … Read more
Comedian Jay Leno Getty Images/iStock Comedian Jay Leno has publicly shared that while making two salaries—one from the Tonight Show hosting the party and one from the 150 comedy shows he’s appeared on a year—he never spent any of his Tonight Show salary and instead just spent what he did. “I would spend one, and … Read more
We are far from data that could be a turning point for the markets. If Wednesday’s CPI does not reveal some slowdown in prices, expectations for a further Fed rate hike in September will rise, potentially hitting stocks. But if it swings in the other direction, especially after surprisingly good jobs data, the view that … Read more
We are far from data that could be a turning point for the markets. If Wednesday’s CPI does not reveal some slowdown in prices, expectations for a further Fed rate hike in September will rise, potentially hitting stocks. But if it swings in the other direction, especially after surprisingly good jobs data, the view that … Read more
Add another sound to A growing chorus of naysayers About the continuing strength of the recent rally in US stocks. The stock market has risen since the Fed The last price hike of jumbo in late July It seems increasingly out of sync with the basics of macro, especially The tumultuous American labor market, Economists … Read more
Add another sound to A growing chorus of naysayers About the continuing strength of the recent rally in US stocks. The stock market has risen since the Fed The last price hike of jumbo in late July It seems increasingly out of sync with the basics of macro, in particular The tumultuous American labor market, … Read more
Shares of Upstart Holdings Inc. fell. After the company provided lower-than-expected revenue forecasts for the current quarter, but its CEO expressed confidence in the performance and value of AI-based lending. Since Upstart UPST, + 9.02% Presented the preliminary results for the second quarter A month ago Fell shy of expectationsthe main issue addressed in the … Read more
CNN – Gas prices have been trending down for more than 50 consecutive days, giving drivers some much-needed financial relief at the pump. But nobody’s just popping champagne yet. While gas prices have played a large role in the current wave of historical inflation, analysts warn that a number of factors remain that will prevent … Read more
2022 has been sold in the stock market A bullish turn lately, with major indexes rising in double digits from their June lows. Whether it’s just a rally in a bear market or the beginning of a permanent shift in performance, it won’t be clear until it’s too late. Either way, the dips created a … Read more
