Author: Fiona Craig
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Nvidia Shares Fall Despite More Than Doubling Sales
Chip-maker Nvidia (NASDAQ:NVDA) announced record revenues of $30bn over a three-month period, but shares have fallen. The company has seen its stock market value rising to over $3 trillion thanks to the AI boom. Analysts had forecast sales growth for the company of $28.7bn for the three months to 28 July. It has surpassed this,…
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Consumer Prices Edge Down Slightly, First-Time Unemployment Benefit Claims Fell More Than Expected
Consumer prices in the U.S. unexpectedly edged slightly lower in the month of June, according to a highly anticipated report released by the Labor Department on Thursday. The Labor Department said its consumer price index slipped by 0.1 percent in June after coming in unchanged in May. Economists had expected consumer prices to inch up…
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Nvidia Overtakes Microsoft To Become World’s Most Valuable Company
Nvidia’s (NASDAQ:NVDA) share price climbed to an all-time high on Tuesday, boosting its value to make it the world’s highest valued company. The company’s stock price finished the trading day at almost $136, a rise of 3.5%, which means the company is now valued at $3.34 trillion. The price has nearly doubled since the start…
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Nvidia’s Market Value Surges, Overtaking Apple
The market value of chip manufacturer Nvidia (NASDAQ:NVDA) has surged past $3 tn, which lifts the company ahead of Apple (NASADAQ:AAPL). The share price rose over 5% on Wednesday, to more than $1,224. This makes the company the second most valuable publicly listed company in the world, just behind Microsoft (NASDAQ:MSFT). Nvidia’s increase began last…
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Trump Media Shares Drop Following Donald Trump Conviction
Shares in Trump Media & Technology Group (NASDAQ:DJT) fell 6.5% on Thursday following the result of the New York trial in which the former president was found guilty of falsifying documents to cover up a hush money payment to a porn star. The company, which is majority owned by Trump and is the parent of…
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Meme Stock GameStop Rallies After Roaring Kitty Post
Shares in video game retailer GameStop jumped more than 70% in Monday morning’s trade as investors jumped into the stock. The surprise boom followed the online reappearance of Keith Gill, known as Roaring Kitty, who spearheaded the explosion in the struggling firms share price in January 2021, going against the bets of professional Wall Street…
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Marijuana Stocks Up After Banking Reform Progress
Stocks in cannabis companies jumped on Monday because of news on the marijuana banking reform in Congress. Senate Majority Leader Chuck Schumer (D-N.Y.) said that the Senate is on course to pass new cannabis banking rules soon. While this isn’t the first time announcements on progress have been made, only for nothing much to happen,…
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Cannabis Grower Curaleaf Ponders Secondary Europe Listing
Following Germany’s decision to legalize personal use of cannabis, Curaleaf (USOTC:CURLF) is reportedly looking into listing its shares on a European exchange. The Canadian company has been talking to exchanges in Germany and London, among others. However, given current restrictions the company would probably only be able to list on the Frankfurt exchange. An article…
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Donald Trump’s Stock Market Deal For Truth Social Passes, And Could Give Him Billions
Trump Media, the owners of the social media platform Truth Social, is about the become a publicly listed company, as it is due to be acquired by Digital World Acquisition Corp after a shareholder vote on Friday. Trump will have at least a 58% stake in the merged company, worth almost $3 billion. Digital World,…
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Powell Nixes Hope Of March Rate Cut
Federal Reserve chairman Jerome Powell has poured cold water on hopes of a rate cut in March. In an interview with TV show ’60 Minutes’, Powell reiterated comments from the press conference last Wednesday, that the FOMC would most likely not begin cutting rates in March. “The prudent thing to do is…to just give it…