Nvidia CEO Jensen Huang addresses rising competition at shareholder meeting after historic stock surge
Since last year’s meeting, Nvidia has been on a historic run.
Biden’s new student loan relief plan is on pause. Here’s what borrowers need to know
Student loan borrowers are disappointed and confused after Biden’s relief plan is halted. they can stay enrolled in the SAVE plan for now.
Supreme Court acknowledges document in pending abortion case accidentally posted online
A copy of the document posted online and then removed suggested that the court will dismiss the dispute over Idaho abortion law, meaning emergency room doctors can perform abortions in Idaho.
55-year-old Americans are ‘critically underprepared’ for retirement, survey finds
A survey finds people age 55 are ‘critically unprepared’ in retirement savings. Gen Xers who expect support in retirement haven’t told the kids yet.
Citi strategist says stocks may be due for pullback because of too-high earnings expectations
The U.S. equity strategist worries the S&P 500’s advance this year is in danger.
An S&P 500 10% correction is likely this summer, says Piper Sandler
The firm’s chief market technician says investors are failing to heed warning signs, including poor market breadth and waning momentum.
Southwest Airlines cuts revenue forecast, blaming changing booking patterns
The company said it still expects record quarterly operating revenue in the second quarter.
Both mortgage rates and weekly mortgage demand are stuck in place, suggesting a slow summer housing market
Total mortgage application volume was essentially flat last week, up just 0.8% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Wall Street strategists see limited gains for the rest of year after big first half
A CNBC survey shows strategists on a median basis anticipate that the S&P 500 will end the year just slightly higher from here.
YouTube dominates streaming, forcing media companies to decide whether it’s friend or foe
YouTube is gaining share of viewership on TVs, and legacy media doesn’t have a uniform strategy to deal with the threat.
