Nvidia’s recent surge in the market has left many investors and market watchers feeling anxious. Following the company’s impressive performance report on May 22, the stock saw a staggering 20% increase in just three trading days. Year to date, Nvidia’s shares have more than doubled, showcasing an extraordinary advancement of roughly 120%. With a market
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The Democratic National Committee (DNC) has devised a strategic plan to conduct a “virtual roll call” to officially nominate President Joe Biden ahead of the party’s August convention. This initiative is an attempt to prevent Biden from facing potential exclusion from Ohio’s general election ballot. The announcement of this decision was made by Biden’s campaign
The underrepresentation of Asian Americans in the judiciary is a glaring issue that has become even more pronounced in recent years. Despite making up nearly 7% of the American workforce, Asian Americans accounted for less than 0.1% of all judges, magistrates, and similar judicial workers in 2023, according to federal labor data. This stark contrast
Recently, in the classified documents case involving Donald Trump in Florida, prosecutors have taken a stand against the former president’s public statements. They have requested a federal judge to prevent Trump from making statements that could pose a serious threat to law enforcement agents involved in investigating and prosecuting the case. This request comes after
OpenAI recently made significant adjustments to their policy regarding non-disparagement agreements for former employees. This decision comes after facing backlash for requiring former employees to choose between maintaining their vested equity or signing a non-disparagement agreement that had no expiration date. Policy Reversal The internal memo, which was obtained by CNBC, informed former employees that
Norfolk Southern recently announced that it has agreed to pay $310 million to settle charges related to a toxic train derailment that occurred in East Palestine, Ohio, in February 2023. This incident led to a massive cleanup effort and forced local residents to evacuate due to contaminated soil and waterways. The majority of the settlement,
The month of April saw a 1.9% decrease in the sales of previously owned homes compared to March, falling short of the forecasted numbers. One of the contributing factors to this decline was the significant increase in mortgage rates, which jumped at the beginning of February. This sudden rise in rates, combined with the subsequent
Federal Reserve Governor Christopher Waller recently expressed his views on interest rates and inflation, stating that he believes further interest rate increases may not be necessary due to easing inflation. However, he also mentioned that he would require convincing before supporting any cuts in interest rates. Waller referred to a variety of recent economic data
The recovery process of the enormous container ship that collided with and caused the collapse of Baltimore’s Francis Scott Key Bridge in March has finally begun. After being stuck in the Patapsco River for the past eight weeks, the ship, known as the Dali, has been successfully made buoyant and is now being moved to
Etsy, a popular e-commerce platform, is currently facing a multitude of challenges that threaten its growth and stability. Despite experiencing a significant surge in buyer activity and sales during the Covid-19 pandemic, the company is now grappling with declining gross merchandise sales, a plummeting stock price, and high inflation. Analysts like Jason Helfstein from Oppenheimer