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Updated Sept. 25, 2022 1:25 pm ET Listen to article (2 minutes) It is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, burning investors who stepped in to buy shares on sale. The S&P 500 has dropped 1.2% on average this … Read more
Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk of a price hike during a softening in consumer demand. Nvidia NVDA, +0.65% expects high demand for gaming chips using its next-generation … Read more
There’s still too much bullishness on Wall Street, even after the Dow Jones Industrial Average’s DJIA, -1.70% 500+ point drop Wednesday following the Federal Reserve’s latest meeting and rate hike. Consider all the attention given to a possible “double bottom.” By framing the market’s weakness in this way, the bulls are trying to put a … Read more
Ahead of that, stock futures are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, +1.17% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. … Read more
Ever since the global financial crisis, City bosses have complained that politicians don’t give financial services enough love. The attitude to one of the UK’s few world-leading industries has been at best lukewarm, they moaned. Well, they can hardly lay that charge against the new prime minister. Liz Truss is surely the only world leader who … Read more
Veterans of traditional finance watch out: An ever-growing horde of graduates armed with crypto skills will soon enter the workforce as universities ramp up efforts to teach the subject. The number of students enrolling in courses teaching crypto and blockchain is growing by hundreds each year, British universities tell Financial News. While major cryptocurrencies such as bitcoin have … Read more
If the U.S. midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleaguered investors whose stock holdings have suffered double-digit losses so far this year. A meaningful rally could be just a few weeks … Read more
Gillian Boateng is an employment lawyer in the London office of US law firm Skadden, Arps, Slate, Meagher & Flom From a young age, it was always clear to me that I wanted a successful career. It was also clear to me that I wanted a family of my own and, if possible, I would want … Read more
Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100 and forthcoming H100 integrated circuits … Read more
Is a financial adviser needed if you feel overwhelmed about money? Getty Images/iStockphoto Question: I am a 26-year-old pharmacist earning approximately $100,000 a year — take home pay is about $5600 a month — living in St. Louis. I contribute 4% to my employer 401l(k), which is the maximum match. I currently have about $25,000 … Read more