Nvidia stock falls again, market cap losses top $250 billion after Trump administration's new export controls
Nvidia stock continued its slide on Thursday bringing market cap losses since it disclosed new export controls to more than $250 billion.
Nvidia stock continued its slide on Thursday bringing market cap losses since it disclosed new export controls to more than $250 billion.
Chagee sold 14.7 million ADS at the top of its marketed range of $26 to $28 per share to raise $411 million, in the biggest listing for a Chinese consumer company since vaping firm RLX Technology's $1.4 billion IPO in January 2021, according to Dealogic data. The market reaction signals sustained investor appetite for Chinese IPOs on U.S. exchanges at a time when two of the world's biggest economies are engaged in a full-on trade war.
Shares of steel wire manufacturer Insteel (NYSE:IIIN) jumped 11.9% in the morning session after the company reported impressive first-quarter 2025 (fiscal Q2) results, which significantly blew past analysts' sales, EPS and EBITDA estimates.
Shares of water control and measure company Badger Meter (NYSE:BMI) jumped 7% in the morning session after the company reported impressive first quarter 2025 results which exceeded analysts' revenue and EPS estimates. Sales rose 13% year-on-year, fueled primarily by a 16% gain in utility water sales. Margins also expanded meaningfully due to a more favorable product and customer mix. While the company did not issue formal guidance, management acknowledged that the second quarter would face tough
Shares of workforce solutions provider ManpowerGroup (NYSE:MAN) fell 15.9% in the morning session after the company reported underwhelming first quarter 2025 results: Its EBITDA and EPS missed Wall Street's expectations.
Springtime home shoppers may be feeling the impact of an intensifying trade war.
Mortgage rates have swung higher, and that's reducing application activity. The average 30-year loan stood at 6.83%, according to Freddie Mac.
The Dow Jones Industrial Average fell more than 500 points Thursday, and one stock bore most of the blame: UnitedHealth Group.
US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs.
Optimism in the streaming service's shares has risen lately. The company plans to release first-quarter results after the bell Thursday.