Minnesota Democrat Rep. Dean Phillips, a candidate seeking the Democratic presidential nomination in 2024, declared on Friday that he will not run for reelection to Congress in 2024. “After three terms it is time to pass the torch,” Phillips said in a statement, urging the party to stop fighting among themselves and start fighting for…
Tech giants Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA) have been making headlines in the stock market as the year draws to a close. Let’s take a closer look at what’s been happening with each of these companies. AAPL Year-To-Date Performance Apple smartphone sales in China have reportedly fallen short of those of Hauwei and…
Several companies are making headlines in midday trading, with Nvidia shares falling 1.7% after reports that the company will delay the release of a new AI chip in China due to U.S. export restrictions. Electric vehicle startup Fisker saw a 5% increase in shares following the announcement of a delayed quarterly report and changes to…
American Dream megamall and entertainment complex in East Rutherford, N.J., finally opened on October 25, 2019, after more than 17 years in the making. However, shortly after its opening, the mall was evacuated due to a bomb threat on Black Friday. Law enforcement received a call about a bomb inside the American Dream mall shortly…
iRobot, Nvidia, Apple, Walmart, Target, Amazon, Best Buy, and Fisker are all making headlines in the pre-market trading session. Shares of iRobot surged 30% after a report from Reuters, citing sources familiar with the matter, said that Amazon is close to receiving regulatory approval in the European Union for its $1.4 billion acquisition of the…
Nvidia’s Shares Fall as AI Chip Launch for China Delayed Nvidia’s shares took a hit on Friday as the company reportedly postponed the release of a new artificial intelligence chip designed for the Chinese market to comply with U.S. export restrictions. The stock was down around 2.4% in pre-market trade, amid a shortened trading day…
Chinese electric car company BYD announced the launch of its flagship Han sedan in the United Arab Emirates this week. The company also revealed plans to offer its ATTO 3 for sale in the UAE, although it’s unclear when deliveries will begin. This move represents a strategic push by Chinese businesses into the Middle East…
Mortgage Demand Rebounds as Interest Rates Slide In a sign that the housing market may be starting to pick up some momentum, mortgage demand rose last week as interest rates continued to decline. According to the Mortgage Bankers Association’s seasonally adjusted index, total application volume increased by 3% from the previous week. The average contract…
Stock Market Update: Important News for Investors Investors looking to start their trading day should take note of these important news items: 1. Market Rally Stalled After five consecutive winning days for the S&P 500 and the Nasdaq Composite, all three major indexes ended Tuesday lower, due to concerns about inflation and the Federal Reserve’s…
Stocks Experiencing Significant Pre-market Movement Investors and traders are closely monitoring the pre-market activity of several stocks as significant movements have been observed. The following stocks are currently experiencing the largest moves in pre-market trading: 1. Nvidia (NVDA): The stock of the multinational technology company is seeing a notable increase in pre-market trading. This uptick…
