Gold futures in New York fell 3.00% in the day to $4,068.20 an ounce. Spot gold fell back below $4,070 an ounce, down 2.44% in the day.
The joint statement of Sino-US economic and trade talks in Geneva was released, gold fell by more than 2%, Trump's "grand tax cut bill" was announced, and the Federal Reserve governors supported maintaining interest rates at current levels... What major events happened in the world last night and this morning?
The Federal Reserve stayed put for the third time in a row, and gold fell by more than $60! Trump may lift the Biden-era AI chip restrictions, and the Chinese central bank has increased its gold holdings for the sixth consecutive month... What major events happened around the world last night and this morning?
On January 28th, the US stock market closed on January 27th, and Nvidia's share price fell by 17%. In response, Nvidia responded: "DeepSeek is an excellent artificial intelligence advance and an excellent example of test-time scaling. DeepSeek's research shows how to use the technology to create new models with widely available models and computing power that is fully compliant with export control regulations. The inference process requires a large number of Nvidia GPUs and high-performance netw...
On January 28th, Nvidia (NVDA. O) shares plunged nearly 17%, losing a record $589 billion in market value. According to Forbes.com, the company's CEO and largest individual shareholder Huang Renxun's net worth shrank by $20.80 billion at the close, falling from $124.40 billion to $103.70 billion, and from Forbes' 10th place on the real-time billionaire list to No. 17. Oracle (ORCL. N) fell 14%, and Chairperson Larry Ellison's net worth fell by $27.60 billion, falling from the third richest perso...
NVIDIA (NVDA. O) shares plunged nearly 17 percent and lost a record $589 billion in market capitalization. According to Forbes.com, the company's CEO and largest individual shareholder Huang Renxun's net worth shrank by $20.80 billion at the close, falling from $124.40 billion to $103.70 billion and from 10th to 17th on Forbes' real-time billionaire list. Oracle (ORCL. N) fell 14 percent and Chairperson Larry Ellison's net worth fell by $27.60 billion, falling from third on the world's richest l...
Bitcoin fell by more than 5% during the day, and Ethereum fell by 10% at one point. Powell's words have not eased the cryptocurrency so far.
On August 27th, the U.S. stock market closed on Monday, the Dow index initially closed up 0.18%, hitting a record high during the session, the S & P 500 index fell 0.3%, the Nasdaq index fell 0.85%. Nvidia (NVDA. O) fell 2%, Pinduoduo (PDD. O) fell 28.5% after the performance. Nasdaq China Golden Dragon index closed down 0.76%, Alibaba (BABA. N), JD.com (JD. O) fell in the 4% line, XPeng Motors (XPEV. N) rose more than 7%.
As traders freaked out by this week's stock market rout ponder what lies ahead, UBS analyst Solita Marcelli remains bullish that U.S. stocks will continue their upward trend in the coming months. She said the brief surge in the Cboe Volatility Index (VIX) to multi-year highs earlier this week also provided traders with an opportunity to enter the market, especially for those on the sidelines. She noted that U.S. stocks typically return above average in the three, six and 12 months after Wall Str...