The Daily
Nvidia earnings are set to make or break the chip stock rally
By Ryan Vlastelica and Carmen Reinicke, Bloomberg
For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.
The Santa Clara-based leader in artificial intelligence semiconductors reports its results after the market close on Wednesday.
» Read more about: Nvidia earnings are set to make or break the chip stock rally »
Nvidia Earnings Don’t Matter This Time
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance.
Investors might be penalizing Nvidia for not boosting cash returns like its Big Tech peers
Tech stocks lift European shares, Middle East caution lingers
By Twesha Dikshit
May 20 (Reuters) – European shares rose on Wednesday, aided by technology shares, but gains were capped as investors remained cautious amid war-driven inflation fears that continued to pressure bonds, while markets kept a close watch on U.S.-Iran developments.
The pan-European STOXX 600 was up 0.2% at 612.84 points,
» Read more about: Tech stocks lift European shares, Middle East caution lingers »
Funds Coin Launches Automated Mobile Infrastructure for Multi-Asset Stock, Gold, and Forex Trading
Funds Coin, a developer of automated quantitative trading technologies, today officially announced the roll-out of its mobile-first AI Options Trading Application. The new app is designed to provide …
Bitcoin (BTC) ETFs Pulled in $2B in April: Can the Flows Continue in May?
Quick Read
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Bitcoin ETFs recorded roughly $2 billion in net inflows in April—the strongest monthly total of the year. BlackRock’s IBIT alone pulled in around $2 billion in net subscriptions, more than the total flows since other funds like Grayscale’s GBTC posted net outflows.
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The funds started with a $629.73 million single-day inflow on May 1,
» Read more about: Bitcoin (BTC) ETFs Pulled in $2B in April: Can the Flows Continue in May? »
Trump’s Midterm Nightmare: Fed Chair Kevin Warsh May Soon Raise Interest Rates, Not Cut Them
For most of President Donald Trump’s second term, the White House viewed the Federal Reserve as the economy’s biggest obstacle rather than its biggest ally. Trump repeatedly blasted former Fed chair Jerome Powell for keeping interest rates too high for too long, arguing elevated borrowing costs were choking off housing, business investment, and consumer spending.
More Social Security payments arrive today. Here’s who gets paid May 20
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» Read more about: More Social Security payments arrive today. Here’s who gets paid May 20 »
Could Trump Accounts be a model for Social Security? Here's what experts say
Ryanjlane | E+ | Getty Images
President Donald Trump is changing the way Americans can save through the creation of new investment accounts.
Soon-to-launch Trump Accounts will provide an initial $1,000 deposit to U.S.