In a recent report released by Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, it was revealed that more than half of its members are not investing in chip giant Nvidia. Despite Nvidia’s strong presence in the artificial intelligence (AI) sector, 57% of the club’s members have chosen to stay away from the stock.
The stock market took a major hit as Nvidia plummeted, losing a staggering $279 billion in market value in a single day. This marked the fifth time the stock had lost over $200 billion in market cap in a single day, with Tuesday’s drop reaching unprecedented levels. Nvidia’s stock price fell by 9.5% and has
The recent release of soft U.S. manufacturing data has sent shockwaves through global markets, with investors scrambling for safer assets like the Japanese yen. This move has resulted in a significant rally for the yen, while riskier currencies such as the Australian dollar and sterling have struggled to maintain their footing. The catalyst for this
The highly anticipated sequel to Beetlejuice, directed by Tim Burton and starring Michael Keaton, is projected to have a global opening as high as $145M. This represents a remarkable achievement, especially considering the lackluster performance of Warner Bros. over the summer season. The tracking and exhibition bean counters estimate a domestic opening of $100M-$110M, with
Steph Curry, the renowned NBA Champion, is not only focused on his basketball career but is also actively involved in various entrepreneurial ventures. In addition to his successful basketball journey, he has established a media company, Unanimous Media, and a youth golf tour called Underrated. These ventures showcase his diverse interests and his ability to
In recent years, the hospitality industry has witnessed a significant shift in how hotel room keys are accessed. With a growing concern for hygiene, cybersecurity, and convenience, many hotel chains are now racing to replace the traditional plastic room key with digital options. However, the transition is not without its challenges and limitations. The COVID-19
The recent findings of the Milken Institute’s best performing cities China index have shed light on the significant impact of China’s property struggles and U.S. sanctions on its cities. Hangzhou, the capital of the eastern Zhejiang province and home to tech giants like Alibaba, emerged as the top-ranking city in the latest index. The city’s
European Central Bank policymakers are facing a growing divide when it comes to their outlook on economic growth. While some fear a looming recession, others believe that inflation pressures are still a cause for concern. The recent interest rate cuts in June are seen as a temporary solution to the slowing price growth, but the
The trade relationship between Russia and India is flourishing, with bilateral trade reaching $65 billion in 2023. This surge in trade can be attributed to India emerging as a significant importer of Russian oil, especially after Western sanctions were imposed on Russia in 2022 due to the conflict in Ukraine. Anatoly Popov, the deputy CEO
Volkswagen, Europe’s top carmaker, is facing mounting price pressure from Asian rivals, which has led to the consideration of closing factories in Germany for the first time. This move marks a significant clash between Chief Executive Oliver Blume and the unions that hold significant influence at VW. The decision to possibly shut down one large