DIRS.INFO The most relevant business & tech news

India's stock market has been topsy-turvy in the past week. WealthMills Securities' equity market strategist Kranthi Bathini says "India's stock markets need stable policy continuity going forward." "The Union Budget has consistently increased allocations for infrastructure development. Strong digital economy and startup ecosystem Another longer-term theme on Sengupta's radar is the digital economy and startup ecosystem. Riding the consumer wave Aside from sectors poised for growth, WealthMills Securities' Bathini suggests looking out for names set to benefit from the strong consumer.

Persons: turvy, Narendra Modi's, Modi, Dhruba Jyoti Sengupta, Kranthi Bathini, Sengupta —, Sengupta, Bathini Organizations: Narendra Modi's Bharatiya Janata Party, BJP, Lok Sabha, Wrise, CNBC Pro, BSE, Bombay Stock Exchange, WealthMills Securities, Budget, Hindustan, Indian Railway Catering, Tourism Corporation, Indian, Construction, Titagarh, Systems, India, Canara Bank, Bajaj Finance, Securities, Hindustan Aeronautics, Tata Motors, Reliance Industries Locations: Lok, Asia, East, Europe, India, uptrend

☆ This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.

Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML

☆ The super-thin battery that could power smart contact lenses
▼ + stars: | 2024-06-06 | by ( Nessa Anwar | ) www.cnbc.com time to read: +5 min

For over a decade, companies around the world have attempted to create smart contact lenses, but they never got down to incorporating electronic components to make a safe battery. LEE SEOK WOO: So, when I decided to work on contact lenses and the power supply to the smart contact lens, I was concerned about the safety because the lithium-ion battery has the issue of the explosion or catching fire. Unlike traditional contact lenses, smart contacts have the potential to do more than just correcting the users' eyesight. So, it might be hard to implant all the devices into one smart contact lens. And of course, the technology needs to be patented first before these smart contact lenses become a reality.

Persons: Let's, Lee Seok Woo, NESSA ANWAR, LEE SEOK WOO, Lee's, . LEE, LEE, Li Zongkang, LI Organizations: Nanyang Technological University's, of Electrical, Electronic Engineering, CNBC Locations: Singapore

☆ Asia markets rise as euro rate cut hopes lift sentiment; S&P and Nasdaq hit new highs overnight
▼ + stars: | 2024-06-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific stocks rose as hopes for rate cuts by the European Central Bank boosted market sentiment, while major indexes in the U.S. hit fresh highs overnight. The European Central Bank this week appears set to cut borrowing costs for the euro area for the first time since September 2019. In Australia, the S&P/ASX 200 inched up 0.12%, ahead of its trade data for April. Futures for Hong Kong's Hang Seng index stood at 18,396, pointing to a weaker open compared to the HSI's close of 18,424.96.

Organizations: Sydney Opera House, Getty, European Central Bank, Japan's Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S

☆ Over 50 years after its creation, Diane von Furstenberg says the wrap dress is her greatest professional accomplishment
▼ + stars: | 2024-06-06 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewDiane von Furstenberg is reflecting on the legacy of the wrap dress. The wrap dress changed von Furstenberg's lifeVon Furstenberg created the wrap dress in 1973, taking inspiration from ballerina's tops and bright fabrics she first saw in Italy, as she shared in the documentary. AdvertisementA model walks in a Diane von Furstenberg wrap dress in 1973. AdvertisementTalita von Furstenberg and Diane von Furstenberg in March 2024. Gotham/GC Images/Getty ImagesAnd though the wrap dress has defined her professional life, von Furstenberg said her family is her greatest source of pride.

Persons: —, Diane von Furstenberg, Oscar, Sharmeen Obaid, Trish Dalton, von, von Furstenberg, Fabiola Beracasa Beckman, Tracy Aftergood, Von Furstenberg, Julie Nixon Eisenhower, Oprah Winfrey, Karlie Kloss, it's, DVF, Barry Diller, Talita von Furstenberg, Furstenberg Organizations: Service, Hulu, Tribeca, Business, CNN, Fairchild, QVC, Target, Gotham Locations: Europe, New York, Dalton, Italy

☆ CNBC Daily Open: Nvidia pushes past $3 trillion
▼ + stars: | 2024-06-06 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia passes AppleArtificial intelligence chipmaker Nvidia surpassed the $3 trillion market capitalization mark, pushing past Apple to become the second most valuable company behind Microsoft. Baron backs Musk's pay dealBillionaire investor Ron Baron has publicly defended Elon Musk's controversial $56 billion Tesla pay package. Elliott retakes SoftBank stakeElliott Management, an activist investor, has taken a $2 billion stake in SoftBank and is pushing for a $15 billion share buyback. In 2020, at Elliott's urging, SoftBank launched a $20 billion share buyback and asset disposal program.

Persons: Ron Baron, Elon, Baron, Elliott retakes SoftBank, Elliott, SoftBank, Son's, Archer, Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Hewlett Packard Enterprises, Dow Jones, Treasury, Apple, Microsoft, Baron Capital, Elliott Management, Electric, FAA, Archer Aviation, Federal Aviation Administration, United Airlines Locations: New York City, U.S, Tesla, Delaware, SoftBank, Elliott's

☆ Scientists develop ultra-thin battery for smart contact lenses that could be charged by tears
▼ + stars: | 2024-06-06 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

Scientist Lee Seok Woo said a scene from a "Mission Impossible" movie inspired his latest invention: batteries for smart contact lenses. In the fourth film of the series, an agent wears contact lenses capable of facial recognition and eye tracking. "I was thinking, 'How can I work in this field of smart contact lenses?'" He realized smart contact lenses would need safe and compact batteries, which would be crucial for advancing development of these devices. Contact lenses themselves are extremely thin, at 0.5 mm, thus the size and flexibility of these batteries are key to preventing user discomfort.

Persons: Lee Seok Woo, Lee, CNBC's Organizations: Nanyang Technological University's, of Electrical, Electronical Engineering Locations: Nanyang

☆ Airline passenger tracks missing bag to home of airport worker, who is charged with felony theft
▼ + stars: | 2024-06-05 | by ( Rebekah Riess | Forrest Brown | ) edition.cnn.com time to read: +4 min

Junior Geneus Bazile, 29, of Fort Lauderdale has been charged with grand theft in the third degree. Paola Garcia told CNN affiliate WPLG in Miami that she usually takes her suitcase onboard, but this time, she was told she had to check it. In her WPLG interview, Garcia said that Spirit Airlines told her that her luggage had been sent to her house. Garcia told WPLG that she dialed 911. A WPLG video shows pictures of a man holding a plastic bag containing a pink suitcase and holding a laptop.

Persons: Geneus, Paola Garcia, Garcia, WPLG, “, Bazile, Paradies, ” CNN’s Melissa Alonso Organizations: CNN, Hollywood International Airport, Spirit Airlines, WPLG, Apple, Apple Watch, Broward County Sheriff’s, Fort Lauderdale Police Department Locations: Florida, Broward County, Fort Lauderdale, Miami, Belize

☆ ADP May private payrolls lowest since correction
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

The ADP figure for May was the lowest monthly level since January. An earlier version misstated a month.

☆ Live updates: Boeing and NASA launch Starliner spacecraft
▼ + stars: | 2024-06-05 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +1 min

Boeing’s Starliner sits on the launchpad at sunset, at Cape Canaveral Space Force Station in Florida, on Friday, May 31. The entire stack, including the rocket and spacecraft, was rolled back from the launchpad for testing and repairs. Several issues also cropped up during the June 1 launch attempt, which was called with less than four minutes left on the countdown clock prior to liftoff. But moments before liftoff, the ground launch sequencer — the computer that tells the rocket to launch — triggered an automatic hold that prevented the launch. The United Launch Alliance team investigated the issue and replaced the computer over the weekend, and deemed Starliner ready to fly once more.

Persons: Boeing’s Starliner, Joel Kowsky, NASA Starliner, Starliner Organizations: Cape Canaveral Space Force, NASA, Atlas V, V, United Launch Alliance Locations: Florida

☆ Amanda Knox returns to Italian court for slander trial linked to Meredith Kercher’s murder
▼ + stars: | 2024-06-05 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Knox, Sollecito and Ivory Coast native Rudy Guede, whose DNA was present in the murder room, were all convicted of the murder in 2009. Guglielmo Mangiapane/Reuters/FileKnox and Sollecito’s murder convictions were overturned by a Perugia appellate court in 2011 after an independent review of key forensic evidence, only to have that acquittal overturned by Italy’s supreme court in 2013. The 36-year-old Seattle native, now a mother of two, along with Sollecito, were definitively cleared in 2015 of Kercher’s murder after Italy’s supreme court voided the 2013 re-conviction. After being cleared of murder, Knox remained convicted of slander against Lumumba, a ruling upheld by Italy’s supreme court in 2015. The decision will then have to go to Italy’s supreme court once more.

Persons: Rome, Amanda Knox, Knox, Patrick Lumumba, Meredith Kercher, Lumumba, Raffaele Sollecito, Rudy Guede, Guede, Sollecito, Guglielmo Mangiapane, Italy’s, ” Knox, Monica Lewinsky Organizations: Rome CNN, Democratic, Ivory Coast, of Human, CNN, White House, Hulu Locations: Italy, Italian, Perugia, Kercher’s, Democratic Republic of Congo, Sollecito, Ivory, Seattle, Florence

☆ Male birth control gel: A long-awaited hormonal contraceptive option for men may be closer to reality
▼ + stars: | 2024-06-05 | by ( Brenda Goodman | ) edition.cnn.com time to read: +8 min

CNN —After decades of false starts, researchers say they are finally making progress on a long-acting and reversible birth control option for men. The gel was developed by the National Institutes of Health and the nonprofit Population Council, and it takes much the same approach as birth control pills for women. “I would say our expectation was that it would be similar to hormonal birth control pills. The gel also seems to have other advantages over female birth control. To him, it doesn’t feel fair that his partner has to shoulder the burden of birth control.

Persons: “ We’ve, ”, Diana Blithe, Blithe, “, that’s, Matthew Treviño, it’s, he’s, “ I’ve, Emily Fletcher, –, Roe, Wade, ’ “ Fletcher, Treviño, ” Treviño, That’s, Christina Wang, Dr, Sanjay Gupta, Wang, they’ll, Brian Nguyen Organizations: CNN, National Institutes of Health, Population Council, NIH’s National Institute of Child Health, Human, Endocrine Society, World Health Organization, University of California, UC Davis, US Food and Drug Administration, Lundquist, Medical, Get CNN, CNN Health, University of Southern Locations: Boston, Sacramento , California, Davis, University of Southern California

☆ Space elevators could get us to Mars in record time — and Japan is planning one for 2050
▼ + stars: | 2024-06-05 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

The concept of space elevators isn't new, but engineering such a structure would be no easy feat, and many other issues besides technology stand in the way. Japan aims to build a space elevator by 2050Japan's Skytree Tower is tall, but it's nowhere near as big as a space elevator. AdvertisementAccording to some designs, space elevators would shuttle cargo to orbit on electromagnetic vehicles called climbers. Other estimates for space elevators in general have put the price at $227 per pound. For instance, a space elevator's tether would be under such incredible tension that it would be prone to snapping, Johnson said.

Persons: —, Yoji Ishikawa, Ishikawa, Christian Johnson, Johnson, Garlic, There's, Victor Habbick, Obayashi, haven't Organizations: Service, Business, Obayashi Corporation, Kyodo, Science, Getty, NASA, Obayashi Locations: Japan, Tokyo, Earth

☆ Shaving? Wax? At home laser? Experts share the best way to remove your hair for the summer
▼ + stars: | 2024-06-05 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —With hotter weather often comes more skin showing—and for many that means increased sense of pressure to get rid of body hair. Laser hair removal treatments are offered both at dermatologists’ offices and places like medical spas. At home devicesYou might have seen advertisements all over your social media pop up for devices marketed to be like at home laser hair removal. “They may get temporary hair removal, but it’s very difficult to get good permanent hair removal,” she said. Waxing, creams and shavingWaxing and shaving are time honored methods of hair removal, Hooper said.

Persons: Deirdre Hooper, Suzanne Kilmer, ” Hooper, Hopper, ” Kilmer, Hooper, “ You’re, Kilmer, “, ”, haven’t Organizations: CNN, Audubon Dermatology, Surgery, Northern, University of California, Davis Medical, IPL –, IPL Locations: New Orleans, Northern California, Davis , California

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Usher says early detection could have better prepared his family for a Type 1 diabetes diagnosis—97% of caregivers agree
▼ + stars: | 2024-06-05 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

"My child was diagnosed at six [years old]," says the mega-star, who recently partnered with Beyond Type 1, an advocacy group for diabetes awareness. Type 1 diabetes is traditionally seen as "the youth version of diabetes," says Kristian Hurley, senior vice president of programs, advocacy, & health equity at Beyond Type 1. "For me, it was a bit by trial and error but I had to go through the process," to learn more about the condition, Usher Raymond IV, more commonly known as Usher, tells CNBC Make It. 88% of adults with Type 1 diabetes needed emergency care to treat symptoms before and after their diagnosis, an additional survey conducted by Beyond Type 1 shows. Similarly, 44% of caregivers for people living with Type 1 diabetes say they spent at least $10,000 for their loved one's emergency care visits.

Persons: Usher isn't, Kristian Hurley, Hurley, Raymond, Usher Raymond IV, Usher, it's Organizations: Sanofi, CNBC

☆ Lululemon dominated the pricey athleisure market for years. Now it faces big competition
▼ + stars: | 2024-06-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

The departure of the company’s chief product officer adds to a “wall of worry” Raymond James analysts said. Choe joined Lululemon more than seven years ago and became chief product officer in 2018, according to her LinkedIn. “I think that there’s a lot of people out there who believe that she was the person behind the scenes and was the most instrumental to Lululemon’s success,” Nikic said. Lulu has been “hyper aware” of dupe culture, Nikki Neuburger, then its Chief Brand Officer, previously said in an interview with CNN Business. However, Lululemon wasn’t stocked enough in these smaller sizes, which could have led these younger shoppers to competitors, Nikic said.

Persons: New York CNN —, Lulu, Alo, –, Sun Choe, ” Raymond James, Choe, Raymond James, Tom Nikic, “, ” Nikic, Mike Kemp, Vuori, Nikki Neuburger, Hailey Bieber, Martha Stewart, Lululemon, Nikic, Calvin McDonald, Samsul Said Organizations: New, New York CNN, preteens, Nike, Wall, Vans, CNN, Jefferies, CNN Business, Shoppers, Bloomberg, Getty Locations: New York, athleticwear, Covent, London, United Kingdom, Los Angeles, preteen, Bukit Bintang, Kuala Lumpur, Malaysia, China

☆ A baby boomer who saved over $2 million for retirement explains what he thinks he did right to make the system work for him
▼ + stars: | 2024-06-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

One in five older Americans have no retirement savings, Social Security doesn't feel like much of a guarantee, and the pension era is over. While the widespread shift over the last five decades to 401(k)s for retirement savings has meant some Americans can't afford the burden of being primarily responsible for their retirement finances, others have been able to work the system to their advantage. Throughout his nearly 40-year-long career in geology, he was able to sock away over $2 million for his retirement, even after putting multiple kids through college. He thinks some just didn't know much about 401(k)s during the switch from a pension or didn't understand them. Advertisement"If I had to tell people what to do, there's save big and save early — or save early, and it doesn't have to be big, but save early and you get all that compounding," Mark said.

Persons: Mark —, —, Mark, he's, it's, Roth Organizations: Service, Social Security, Bureau of Labor Statistics Locations: —

☆ Opinion: For Indian Muslims like me, the hope of a weakened Modi
▼ + stars: | 2024-06-05 | by ( Opinion Ziya Us Salam | ) edition.cnn.com time to read: +8 min

Tuesday’s election results, in which Prime Minister Modi sealed a rare third term, only enhance the sense of gloom and doom for Indian Muslims like me. With the BJP back in power – albeit without the supermajority it had vowed – my only hope lies in a politically weakened Modi now. A weakened Modi shall, hopefully, translate into a more robust India and more secure minorities. In the days and months to come, things could get seriously tough for Indian Muslims. It could be the norm for the rest of India soon as the BJP tries to deny Indian Muslims the right to follow Islamic laws in civil matters, a right granted by the Indian Constitution.

Persons: Salam, Read, Modi, Modi’s, Mukhtar Khan, ”, –, Narendra Modi, Elke Scholiers, Rahul Gandhi, Jawaharlal, Taj Mahal, Qutb, We’ve Organizations: “, New, New Delhi CNN, Bharatiya Janata Party, BJP, India’s Independence, Indian National Congress, INC, Union Budget, SC, ”, OBC, Twitter, Telugu Desam, Janata Dal, Congress Locations: Hindu India, New Delhi, Narendra Modi’s India, India, –, Srinagar, Rajasthan, Muslim, Pakistan, Lok, Gujarat, Ghaziabad, Uttar Pradesh, Lower, Independence, Kerala, Mumbai, Gandhi’s, BJP, Qutb Minar, Delhi, Babri, Assam, Uttarakhand, Indian

☆ Goldman has two short-term trade ideas for clients on major stocks Tesla and Apple
▼ + stars: | 2024-06-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking to bet on another rally for major tech stocks should take a look at some options trades that are curiously cheap, according to Goldman Sachs. The "Magnificent Seven" was the key to the stock market rally last year, but the group has splintered a bit in recent months. For example, investors have had a hard time betting on Tesla , which is down nearly 30% in 2024. "We see the potential for more volatility over the next two months than is priced into TSLA options. The strategy works by picking a strike price, typically above the current stock price, and expiration date.

Persons: Goldman Sachs, John Marshall, Elon Musk's, Goldman, Michael Ng Organizations: Tesla, Apple, Worldwide

☆ U.S. Officials Return to Mideast to Push for Cease-Fire
▼ + stars: | 2024-06-05 | by ( Adam Rasgon | Julian E. Barnes | ) www.nytimes.com time to read: +2 min

Top NewsImage William J. Burns, the director of the C.I.A., was expected to arrive in Doha, Qatar, this week for talks about achieving a cease-fire in Gaza. But statements by Israeli and Hamas officials in recent days suggested that a breakthrough was still elusive. One of the biggest gaps between Israel and Hamas has been over whether a cease-fire deal would lead to a lasting truce. Mr. Biden said Israel’s proposal would ultimately lead to the “cessation of hostilities permanently,” comments that were welcomed by Hamas. Israel, Mr. Hamdan said, was interested in only a temporary cease-fire to free hostages, and would then resume the war.

Persons: William J, Burns, Nathan Posner, Brett McGurk, Biden, Mr, Benjamin Netanyahu, ”, Majed al, Ansari, Osama Hamdan, Hamdan Organizations: Anadolu, Getty, U.S, Qatari Locations: Doha, Qatar, Gaza . Credit, Gaza, Cairo, U.S, Israel

CNN —Israel’s Supreme Court on Wednesday will for the first time discuss the closure of the desert detention camp of Sde Teiman where Palestinian detainees from Gaza have allegedly been held under conditions of extreme abuse. The committee tasked with examining the conditions of Palestinian detainees from Gaza is set to submit its recommendations to Halevi this month. Three Israeli whistleblowers told CNN that Palestinian detainees at the facility were constantly blindfolded and held under extreme physical restraint. The account tallied with details of a letter authored by a doctor working at Sde Teiman published by Ha’aretz in April. Instead, the Israeli military said that the detainees are given back their clothing once the IDF has determined that they pose no security risk.

Persons: CNN —, ”, Alice Jill Edwards, Herzi Halevi, Sde, Ofer, Teiman, Ha’aretz, CNN’s Ami Kaufman Organizations: CNN, CNN — Israel’s, Association for Civil Rights, Germany’s, International Committee, United Nations, Israel Defense Forces, Military, IDF Locations: Teiman, Gaza, Israel

☆ Chinese trade group seeks drone jammers for Russian buyers
▼ + stars: | 2024-06-05 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —A Chinese government trade body has sought drone detectors and jammers for apparent Russian buyers, adding to concerns that Beijing may be supplying dual-use technology to Moscow. They are known for being used by the Russian army during its 2022 invasion of Ukraine to identify drone activity. He told CNN by phone that it was removed because it was “improper.” CNN has also reached out to the Yunfu trade association for comment. Mastro said she is “not particularly surprised” that local Chinese governments would help Russian companies seek drone equipment. Last week, the US warned it could act against Chinese firms and financial institutions in response to Beijing’s alleged backing of Russian war efforts.

Persons: Vladimir Putin, Xi Jinping, Volodymyr Zelensky, “, ”, Oriana Skylar Mastro, Stanford University’s Freeman, Mastro, doesn’t, Antony Blinken, Washington Organizations: Hong Kong CNN, Guangdong Provincial Association, Promotion of, province’s Commerce Department, Assel Labs, 3MX, City’s Association, Promotion of International Trade, United, CNN, US, Stanford, Stanford University’s Freeman Spogli Institute for International Studies Locations: China, Hong Kong, Beijing, Moscow, Guangdong, Russia, Russian, Ukraine, United States, Singapore, “ Beijing

☆ Nvidia's 10-for-1 stock split is set for Friday. Here's what you need to know, plus what its fair value will be after, according to Morningstar's chief US market strategist.
▼ + stars: | 2024-06-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Nvidia is set to make a 10-for-one forward stock split on June 7, which means your one share will become 10 shares. A stock split won't change a company's economic value or the value you hold of it. It only changes the proportionate amount of ownership that each share represents, says Dave Sekera, Morningstar's chief US market strategist. After the stock split, its fair value would go to $105, Sekera noted. One notable impact that could result from a lower share price is Nvidia's increased potential of being included in price-weighted indexes, specifically the Dow Jones Industrial Average.

Persons: —, Dave Sekera, Sekera Organizations: Service, Nvidia, Business, Dow Jones

☆ Stock market today: Indexes rise as weak private payroll data boosts optimism for rate cuts
▼ + stars: | 2024-06-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks rose on Wednesday as investors took in weaker jobs data. Investors are solidly betting on at two rate cuts in 2024, according to the CME FedWatch tool. AdvertisementUS stocks ticked higher on Wednesday as traders took in soft jobs data and revved up their hopes for Fed rate cuts later this year. Meanwhile, annual wage growth remained level at 5% — both promising signs that the job market is coolingWeaker hiring trends are good news for the outlook for rate cuts. Investors are largely expecting the Fed to hold interest rates steady at its next policy meeting, but are still feeling bullish on rate cuts by the end of the year.

Persons: —, 1750,000 Organizations: Service, Treasury, ADP, Bank of America, Investors

Search resuls for: "Thomas Jefferson High School for Science

25 mentions found