Micron Technology, a key player in the semiconductor industry, experienced a drastic 16% plunge in its stock price on Thursday, marking its worst performance since March 2020. Investors responded sharply to the company’s disappointing guidance for the fiscal second quarter, leading to a drop in share prices to $86.78. This decline is particularly concerning as
Finance
The recent spike in the CBOE Volatility Index, commonly referred to as the VIX, has drawn significant attention from investors and analysts alike. On Wednesday, the VIX experienced a staggering 74% increase, closing at 27.62, a level that raised alarms across Wall Street. This dramatic fluctuation can be attributed to the Federal Reserve’s recent announcement
The performance of Nvidia’s stock has recently revealed a complex narrative in the rapidly evolving semiconductor industry, particularly around artificial intelligence (AI) technologies. On a day when the broader Nasdaq Composite index reached new heights, Nvidia’s shares faced a notable decline, slipping into what analysts define as correction territory. This stark contrast raises questions about
As the United States Congress navigates the precarious waters of potential government shutdowns, legislators are also concentrating on significant changes to the Social Security system. Among the proposals under consideration is the Social Security Fairness Act, aimed particularly at enhancing benefits for specific public workers. While the bill has garnered substantial support across party lines,
The prospect of increased tariffs under the incoming Trump administration has stirred significant discussion around the potential economic ramifications for the automotive sector. Tariffs, essentially taxes levied on imported goods, could pose serious implications for both manufacturers and consumers alike, leading to heightened vehicle prices at a time when the market is already under pressure.
In 2024, the Federal Reserve implemented a series of interest rate cuts, reducing its target three times in an effort to stimulate the economy. This monetary policy shift has left many prospective homeowners eagerly awaiting subsequent decreases in mortgage rates. However, expert predictions suggest that a significant decline in mortgage interest rates is unlikely in
The economic landscape following the Federal Reserve’s recent decision to cut interest rates has garnered considerable attention and analysis from market experts and homeowners alike. On December 19, 2024, the Fed enacted its third rate cut of the year, lowering the benchmark rate by 0.25 basis points. Despite this move, which historically aims to stimulate
On a fateful Friday, Party City’s corporate headquarters became the center of an unsettling announcement that sent shockwaves through the company and its workforce. As reported by CNN, CEO Barry Litwin conveyed the grave news—that all stores would be closed, and corporate layoffs were to take effect immediately. This abrupt decision signifies not merely the