Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty ImagesNvidia continues to see massive growth from sales of graphics processors, with demand for artificial intelligence infrastructure showing no signs of cooling.But for the AI chipmaker, the mood is different heading into Wednesday’s earnings report than it’s been in recent quarters. There’s one big reason why: China.On April 9, the Trump administration sent Nvidia a letter, and said it was requiring an export license for the company’s H20 chip, a version of its Hopper processor…
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Charter Communications and Toast are among a handful of overlooked stocks in the market that could see gains ahead, according to Bank of America. Stocks have been ripping higher as President Donald Trump reverses or delays many tariffs laid out in early April. The S & P 500 has surged more than 20% since hitting an intraday low on April 7. Traders continue to hunt for good bargains, however, as volatility persists amid on ongoing policy changes. In a recent note to clients, Bank of America highlighted stocks that are under-owned by funds and have catalysts for upward momentum. Specifically,…
People walk past the headquarters of the U.S. Small Business Administration in the Southwest Federal Center area on March 24, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesA federal judge’s recent order may foil President Donald Trump’s plans to transfer the country’s more than $1.6 trillion student loan portfolio from the U.S. Department of Education to the Small Business Administration.Judge Myong J. Joun of U.S. District Court for the District of Massachusetts wrote in his May 22 preliminary injunction that the Trump administration was required to reinstate more than 1,300 Education Department employees and was blocked from carrying out Trump’s…
New York Attorney General Letitia James holds a press conference following a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York State for three years, in the Manhattan borough of New York City, U.S., February 16, 2024. David Dee Delgado | ReutersWalmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online store shipped them to the state.The settlement…
A Square-powered bitcoin checkout is now live on the Vegas Strip, where Bitcoin 2025 attendees can scan and pay for merch in seconds using the Lightning Network.Miles SuterLAS VEGAS — Jack Dorsey’s latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.This week at Bitcoin 2025, Square is piloting real-time bitcoin payments, letting attendees scan and spend crypto for T-shirts, hoodies, and hats at the BTC Inc. pop-up store. The system runs on Lightning, which settles transactions off the main blockchain and is faster and cheaper than…
Check out the companies making headlines in midday trading. Chinese autos — Chinese auto stocks retreated after BYD said it would lower prices on 22 electric and plug-in hybrid models until the end of June, igniting fears of a fresh price war in the Chinese market. U.S.-traded shares of Li Auto and Nio respectively slipped 2% and 4%. AMC Entertainment — The movie theater chain saw shares skyrocket more than 22% after it set a Memorial Day weekend record for revenues on the strength of live-action Lilo & Stitch and Mission: Impossible – The Final Reckoning. Trading volume was extremely…
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesCircle, the issuer of the popular USDC stablecoin, has begun its long-awaited initial public offering process, looking to raise about $624 million at a valuation around $6 billion.The company, led by CEO Jeremy Allaire, said Thursday in a filing that it plans to sell 24 million shares of Class A common stock in total – 9.6 million to be sold by the company and another another 14.4 million by existing shareholders – at an…
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured in Branchburg, New Jersey, on March 5, 2021.Mike Segar | ReutersEli Lilly will buy privately held SiteOne Therapeutics in a deal worth as much as $1 billion, the companies said on Tuesday, giving the drugmaker access to an experimental non-opioid pain medicine.SiteOne’s STC-004 will help Lilly expand its pipeline of drugs for chronic pain conditions such as migraine, as the pharma giant strives to get ahead in the race for alternatives to addictive opioid painkillers.STC-004 belongs to a class of drugs known as Nav1.8 inhibitors that target the channels involved…
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesTesla shares gained nearly 6% on Tuesday after CEO Elon Musk over the weekend reiterated his intent to home in on his businesses ahead of the latest SpaceX rocket launch.The billionaire wrote in a post to his social media platform X that he needs to be “super focused” on X, artificial intelligence company xAI and Tesla as they launch “critical…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh: This week we saw a few new names hit the Best Stocks in the Market list, including a former high-flier that’s now come back into favor. Remember the Snowflake (SNOW) IPO? It was a big deal. At the time it came public in September 2020, investors were clamoring for cloud computing stocks and the whole tech sector was red hot. SNOW debuted with the largest IPO in history, raising $3.36 billion. And, if you can believe it,…
