In the premarket trading session, Nvidia saw a significant increase of 7.4% in its stock price. This surge was mainly driven by the company’s strong fiscal first-quarter results, better-than-expected guidance, and the announcement of a 10-for-1 stock split. Investors were clearly impressed by Nvidia’s performance and outlook, leading to a positive sentiment around the stock.
The U.S. stock market closed lower on Wednesday with losses in key sectors such as Oil & Gas, Utilities, and Basic Materials. The Dow Jones Industrial Average lost 0.51%, the S&P 500 index fell 0.27%, and the NASDAQ Composite index declined 0.18%. Johnson & Johnson (NYSE:JNJ) was one of the best performers on the Dow
On Thursday, South Korea’s central bank decided to maintain its interest rates at a 15-year high amidst concerns surrounding inflation and the country’s recent economic growth. Governor Rhee Chang-yong emphasized the need to keep policy restrictive at the current benchmark rate of 3.50%, citing sticky inflation rates and the unexpected growth seen in the first
The Broadway League recently released box office figures for the just-ended 2023-2024 season, revealing that the total attendance for Broadway productions remained nearly 17% below pre-pandemic levels. Despite this, the 71 Broadway productions that ran from May 22, 2023, to May 19, 2024, managed to gross a combined $1.54 billion. This represents a slight decrease
Nvidia, a once niche developer of 3D gaming hardware, has now positioned itself as a key player in the technology industry, particularly in the realm of artificial intelligence chips. The company’s fiscal first-quarter earnings report is highly anticipated by Wall Street, with expectations of an adjusted earnings per share of $5.59 and revenue of $24.65
WisdomTree and 21Shares have recently announced plans to launch exchange-traded products (ETPs) backed by cryptocurrencies on the London Stock Exchange. This move comes after receiving approval from the UK’s financial regulator, the Financial Conduct Authority (FCA). With the FCA’s approval of cryptoasset-backed exchange-traded notes (cETNs) for professional investors earlier this year, the investment landscape for
The National Association of Realtors reported a 1.9% decrease in the sales of previously owned homes in April, contrary to the forecasted slight gain. The decline in sales can be attributed to the increase in mortgage rates, which escalated by 300 basis points from the pre-Covid pace. This substantial jump in interest rates has created
The Consumer Financial Protection Bureau made a significant announcement declaring that consumers utilizing the buy now, pay later (BNPL) industry must now adhere to the same federal protections as credit card users. This ruling, known as an “interpretive rule”, categorizes BNPL lenders as equivalent to traditional credit card providers under the established Truth in Lending
U.S. stock index futures remained relatively steady in evening trading on Tuesday, with technology stocks showing persistent strength. This trend was particularly evident ahead of the eagerly awaited earnings release from market favorite Nvidia, as Wall Street teetered near new highs. S&P 500 Futures held firm at 5,346.50 points, while Nasdaq 100 Futures edged up
As Memorial Day weekend approaches, there is anticipation in the movie industry for the influx of moviegoers. However, the numbers this year do not seem to match the highs of previous years, especially with the total box office collection exceeding $200M+ in the past two years. Despite the release of big titles like Furiosa: A