US Market: Nvidia stock brought down by 9.5% in a single day trading session, Amides Nvidia’s CEO Jensen Huang loses $10 billions meanwhile. The Nvidia cost dropped and Jensen Huang, CEO of Nvidia, losing $10 billion in a day is likely due to a drop in Nvidia’s stock. This may be caused by different components, Read more: Nvidia’s stock price dropped by 9.5%, CEO Huang loses $10 billion: Check Why?..
The minutes from the Federal Open Market Committee (FOMC) meeting held on July 30-31, 2024 released highlights a “Strong Inclination Towards a Rate Cut in September”. The “vast majority” of Fed officials expressed support for potentially lowering interest rates at their next meeting in September, if inflation continues to cool down as expected. Several participants Read more: FOMC minutes highlights a strong inclination towards a Rate Cut in September..
The U.S. Department of Commerce has approved up to $1.6 billion in direct funding for Texas Instruments (TI). This substantial funding is part of the CHIPS and Science Act, aimed at boosting domestic semiconductor manufacturing capabilities. Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog and embedded processing chips. Read more: Texas Instruments Inc. Secures $1.6 Billion US Funding for Chip Manufacturing ..