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The stock market finally understood. Bad news for FedEx helped drive that.

The stock market finally understood. Bad news for FedEx helped drive that.

font size New York Stock Exchange From a certain point, there is no turning back. The stock market reached that point last week. Oh, and entering this week, the market is hopeful, inflation has peaked, the Fed will stop raising rates soon, and the bottom has come. But consumer price index data for August released …

The stock market finally understood. Bad news for FedEx helped drive that. Read More »

Nvidia stock fell sharply. Don't expect a quick turnaround.

Nvidia stock fell sharply. Don’t expect a quick turnaround.

font size Nvidia’s valuation looks expensive even after its shares have fallen 40% this year. Sam Yeh/AFP via Getty Images Nvidia, the most valuable U.S. semiconductor company, is in trouble. This week, the chipmaker cut its guidance for the third time in a row over analysts’ expectations, citing a weaker economic environment and a sharp …

Nvidia stock fell sharply. Don’t expect a quick turnaround. Read More »