Stock Market Today: Stocks Drop as Allure Grows to Buy Treasury Bill and Chill
Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.
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Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.
British chipmaker Arm debuted on the public markets, with shares jumping 10% and climbing over 20% in the first 30 minutes of trading.
Arm's oversubscribed IPO could have been priced at $52 per share, above the indicated range of $47 to $51.
Chipmaker Nvidia and seven other companies have agreed to a set of artificial intelligence (AI) standards led by the White House. The standards include requirements to disclose AI-generated content, share vulnerabilities, and commit to external testing before releasing products. The companies joining the agreement include Adobe, Palantir, IBM, and Salesforce. The White House has been engaging with industry on AI development and is promoting steps to ensure AI safety and security. The agreement will go into effect immediately and requires companies to prioritize research into minimizing harm and addressing security challenges.
Nvidia's earnings report will determine the future of its stock, which has already tripled this year. Investor Cathie Wood sold $1 million worth of NVDA stock ahead of earnings.
Nvidia's Q2 earnings exceeded expectations, with revenue at a record $13.51bn, 101% YoY growth, and a 429% YoY increase in earnings per share.
The Dallas Cowboys and Jacksonville Jaguars kick off their respective preseasons on August 12 at AT&T Stadium.
Intel's XeSS upgrade technology impresses in Jagged Alliance 3 benchmarks.
U.S. stocks rise as inflation eases, tech sector leads gains.
June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.
Chicago White Sox's Luis Robert Jr. is favored to win 2023 Home Run Derby.