The recent downturn in the stock market has seen significant losses in market capitalization for major companies such as Nvidia. The fact that Nvidia lost $279 billion in a single day is alarming, especially considering it is the fifth time the stock has experienced such a massive drop. Despite its 118% increase in 2024, the
News
Marketplace health insurance has become increasingly popular among Americans aged 55 to 64, with more than 5.1 million individuals in this age group enrolled as of open enrollment 2024. This is a significant increase from the roughly 3.4 million in 2021, according to data from the Kaiser Family Foundation. The appeal of Marketplace coverage lies
The resurgence of the NFL season is expected to bring in record-breaking figures in sports betting. According to the American Gaming Association, U.S. adults are projected to wager an estimated $35 billion this NFL season. This marks a significant increase of more than 30% compared to last year’s numbers, where Americans wagered $26.7 billion on
The British financial technology firm, Zilch, recently announced a significant milestone in its journey by reporting its first-ever month of profit. This achievement is remarkable considering the competitive landscape it operates in, going head-to-head with industry giants like Klarna and Block in the buy now, pay later space. Zilch managed to reach profitability within just
China’s property market struggles and U.S. sanctions have taken a toll on several of its cities, with some benefiting from Beijing’s focus on technology. The Milken Institute’s best performing cities China index highlights how various cities have been affected by these economic challenges. Hangzhou, the capital of Zhejiang province and a hub for tech companies
Following the release of Nvidia’s fiscal second-quarter earnings report, the company’s stock experienced a decline in premarket trading. The dip in share price was attributed to a slight decrease in gross margin and overshadowed by the high expectations set for the revenue beat. Despite the revenue exceeding $30 billion, marking a substantial 122% increase from
The halt in Gap shares on Thursday morning stemmed from the premature release of the company’s quarterly earnings results. The incident occurred when a presentation containing the financial outcomes was briefly made available on Gap’s website, causing the stock to be temporarily halted from trading. This unexpected turn of events raised concerns among investors and
Ulta Beauty experienced a 7% decrease in shares after falling short of second-quarter expectations and revising its full-year guidance downwards. The company reported a decline in same-store sales, which came as a surprise to many investors. This marks Ulta’s first earnings per share miss since May 2020 and its first revenue miss since December 2020.