Stocks fell on Thursday as tech companies sold down following Nvidia’s (NVDA) latest earnings report, while investors assessed the economy in light of President Trump’s recent tariff vows. The S&P 500 (^GSPC) sank over 1.6%, while the tech-heavy Nasdaq Composite (^IXIC) plunged 2.8%. The Dow Jones Industrial Average (DJI) fell 0.4 percent. Investors focused on…
Visa (V) completed the most recent trading day at $350.63, down 0.41% from the previous session—the stock’s performance behind the S&P 500’s daily rise of 0.01%. Elsewhere, the Dow fell 0.43%, while the tech-heavy Nasdaq rose 0.26%. Today, shares of the worldwide payments processor have increased by 5.26% in the previous month. The Business Services…
Nvidia reported higher-than-expected revenue and profitability in the fourth quarter and reasonable expectations for the current quarter. The reported revenue for the fourth quarter ending January 26, 2025, was $39.3 billion, up 12% from the previous quarter and 78% from a year earlier. The chipmaker’s revenue growth over the last year was primarily driven…
In February, American consumers had a bleak perspective on the economy, as uncertainty about Trump’s trade strategy pushed inflation expectations considerably up for the second consecutive month. The most recent University of Michigan consumer sentiment poll, issued Friday, showed headline sentiment down nearly 10% from January to a rating of 64.7. Pessimism about the…
One year after California established a first-of-its-kind $20 minimum wage for fast-food workers, a hike of up to 70 cents is scheduled for a vote. California’s Fast Food Council, which includes fast-food employees, restaurant owners, and state officials, adopted a proposal Wednesday to discuss a cost-of-living increase at a future meeting. The Council’s next…
NIO Inc., the troubled Chinese EV manufacturer, is scheduled to disclose Q4 2024 profits on March 4, 2025. As the firm suffers from continuous financial issues despite significant delivery growth, investors anticipate a major update that might influence NIO’s destiny in an increasingly competitive EV market dominated by Tesla and BYD. Key Earnings Expectations…
US equities markets performed middling on Wednesday, February 26, as investors weighed US President Donald Trump’s new tariff threats. Trump announced 25% tariffs on EU imports and stated that fresh duties on Canada and Mexico would take effect in April rather than March 4. The Nasdaq Composite Index and the S&P 500 rose 0.26% and…
Global equities surged as markets recovered from Tuesday’s hiccup, with investors waiting to see if Nvidia Corp.’s earnings reports could help reignite the artificial intelligence-driven rise. Stocks in Europe reached a new intraday high, climbing almost 0.8%. Resources companies led the gains after President Donald Trump announced tariffs on copper, boosting the price of metals….
Is the US economy starting to turn over? The combination of recent data disappointments, rising trade tensions, and sharp asset market movements implies that investors are beginning to consider such a scenario. On Tuesday, Treasury Secretary Scott Bessent cautioned that the economy may be more “brittle” beneath the surface than headline figures suggest. If this…
On Tuesday, the company released its delayed financial results, just in time to fulfill the Nasdaq listing requirement. Shares of the server manufacturer rose 22% in extended trade following the filing. “In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company on June 30, 2024,” BDO,…