G7 Tries to Shoot Down Currency Wars Concern
The Daily Ticker's Lauren Lyster and Aaron Task discuss currency manipulation.
Stock Market Today: The Dow Jones dropped 225 points Thursday after jobless claims. Nvidia stock surged above $1,000 on strong earnings results.
This marks the largest stock split to date for the chipmaker.
According to a report, President Biden’s proposed 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to an astonishing 44.6%.
Alongside another blockbuster earnings report, Nvidia said it planned to split its stock. Here's a look at what that means: + **Why is Nvidia splitting its stock?** The company said it wants to "make stock ownership more accessible to employees and investors." A split lowers the per-share price of a stock, theoretically putting it in reach for more small investors (though nowadays, brokers offer fractional share trading, meaning this isn't a big obstacle.) It is also marginally good news for bigger investors, who tend to prefer dealing in round lots of 100 shares at a time.
In the closing of the recent trading day, NIO Inc. (NIO) stood at $5.24, denoting a -0.19% change from the preceding trading day.
This company provides a convenient solution that helps consumers and businesses save time and money.
Schwab (SCHW) provides disappointing Q2 adjusted earnings and NIM guidance. This turns investors bearish on the stock, which dips 4.6%.
Nvidia announces a big dividend hike and 10-for-1 stock split with its earnings report on Wednesday.
Betting on megacap growth has been a winning strategy.