Nvidia shares faced a decline of about 7% after hours following the company’s quarterly report. It has become increasingly difficult for Nvidia to impress Wall Street as its beats have become narrower over time. Despite the company’s profits and revenue topping Wall Street estimates, the stock continued to sell off in extended trading. Nvidia finds
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The U.S. Department of Education recently revealed some additional details regarding the launch of the new Free Application for Federal Student Aid for the upcoming academic year. The 2025-26 FAFSA will be gradually available to select groups of students starting on October 1, in a series of beta tests. The full rollout for all students
Recent data shows that mortgage rates have been on a decline for the past four weeks, yet the response from both current homeowners and homebuyers has been lukewarm. While there was a slight uptick of 0.5% in total mortgage application volume last week, the enthusiasm seems to be lacking. The average contract interest rate for
The toy industry faced a significant setback in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this challenging environment, Lego managed to stand out by recording a 13% increase in revenue, amounting to 31 billion Danish krone or approximately $4.65 billion. The CEO of Lego, Niels Christiansen, attributed
Shares of Chinese online retailer JD.com experienced a 1.2% increase in Hong Kong-listed shares following the announcement of a $5 billion buyback. This positive trend contrasted with the decline on the Hang Seng index, where the benchmark was down about 0.82% on the same day. Meanwhile, the company’s U.S. listed shares rose by 2.24% after
Upon reviewing the information provided in the Stocks @ Night newsletter, it is evident that Nvidia has seen significant growth in the past year. The stock has surged 159% in 2024 and is up about 179% in the last year. This rapid increase in value is remarkable and raises questions about whether this growth is
Xpeng, a Chinese electric car company, recently introduced its new mass-market brand called Mona, offering electric coupes with prices starting as low as $16,812. This move has caused a stir in the industry, especially since the prices of Mona’s vehicles are significantly lower than Tesla’s cheapest Model 3. The company reported that orders for the
The recent performance of the Russell 2000 has investors concerned about its profitability. After a 10.1% gain in July, the index has dropped approximately 4% in August. ALPS’ Paul Baiocchi attributes this volatility to the index’s composition, citing Apollo Global’s estimate that 40% of companies included in the Russell 2000 have negative earnings. Investors have
Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating the upcoming NBA season, not only for the games themselves but also for a new way to watch local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, according to a recent bankruptcy court filing. The NBA season is
As consumers eagerly await the Federal Reserve’s interest rate cut, another crucial event is coming up that could significantly impact the real estate market – the reauthorization of the National Flood Insurance Program (NFIP). Established by Congress in 1968, the NFIP is the primary flood insurance provider in the United States, offering coverage to millions