As the stock market experienced a turbulent period, Nvidia stood out for losing a significant amount of market value in a single day. With a loss of $279 billion, Nvidia faced a 9.5% decline, marking its fifth instance of shedding more than $200 billion in market cap in a single day. Despite being up 118%
As football season returns, so does the influx of sports betting, with projections indicating that U.S. adults will wager a staggering $35 billion on the NFL this season. This marks a significant 30% growth from the previous season, setting a new record in the industry. Despite this growth, gambling company stocks are not reflecting the
The recent asset allocation report from Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, revealed that more than half of its members are not invested in Nvidia. Specifically, 57% of the members have chosen to stay away from the chip darling, citing concerns about the company’s long-term growth potential. This indicates a cautious approach
The experts at Spot On Chain, an AI-powered on-chain analytics platform, have provided insights into why Bitcoin could potentially experience a positive September this year. They have identified five key reasons to support this hypothesis. Firstly, there is a historical trend where nearly 43% of negative Augusts have been followed by positive Septembers, suggesting a
The recent performance of the U.S. dollar against the euro has been a topic of interest for investors, as the dollar reached a two-week peak compared to the euro. This peak comes as investors gear up for a week filled with crucial data releases, including the U.S. payrolls report set to be released on Friday.
Rep. Steven Horsford is expected to fill the vacant seat on the Ways and Means Committee that was left open after the passing of Rep. Bill Pascrell last month. In order to officially take on this new role, Horsford will need to be nominated by his party’s Steering and Policy Committee and approved by the
The North Texas Tollway Authority (NTTA) is embarking on a $1.126 billion deal that involves seeking savings through bond refundings and tenders. The tax-exempt debt offered in two series includes $446.14 million of first-tier revenue bonds to finance a tender offer for taxable bonds sold in 2020 and 2021, as well as to refund 2015
When analyzing dividend-paying stocks that are expected to outperform in the current market conditions, EPR Properties stands out as a strong contender. With a focus on experiential properties such as movie theaters, amusement parks, and ski resorts, EPR offers a dividend yield of 7.3%. Despite facing tough operating conditions, including the Covid-19 pandemic and strikes
Recently, the U.S. dollar experienced a slight decrease, although it remained close to its nearly two-week high. Investors are now turning their attention to the anticipated U.S. jobs report expected to be released later this week. The U.S. dollar index, at 101.64, saw a 0.1% decline at 18:40 EST (22:40 GMT). The EUR/USD remained relatively
The cryptocurrency market has been experiencing a bearish sentiment over the past week, with the total market cap currently standing at $2.04 trillion. This represents a 0.39% decrease over the last day, causing concern among investors as the market cap approaches the significant $2 trillion mark. Bitcoin, the largest cryptocurrency in terms of market capitalization,