Dragged down by negative returns for shares of NVIDIA Corp. and American Express, the Dow Jones Industrial Average is falling Friday afternoon. Shares of NVIDIA Corp. and American Express have contributed to the blue-chip gauge's intraday decline,
Young, who worked out of San Francisco, was among Microsoft's top executives, named in regulatory filings alongside CEO Satya Nadella, President Brad Smith, Chief Financial Officer Amy Hood, Chief Commercial Officer Judson Althoff, Chief Marketing Officer Takeshi Numoto and Chief Human Resources Office Kathleen Hogan.
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Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
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Futures are near the all-time high of $2,826.30, set in late October, with the latest rally triggered by Trump's threat to impose tariffs on some of the biggest U.S. trading partners, including Canada, Mexico, Europe and China, Saxo said.
Donald Trumps first week in office saw a flurry of executive orders that set the tone for his administrations priorities. From targeting Diversity, Equity, and Inclusion (DEI) programs in the armed forces to initiating plans for an “American Iron Dome,
Several high-profile figures, including billionaire Frank McCourt and former U.S. Treasury Secretary Steven Mnuchin, have expressed public interest in acquiring TikTok’s U.S. business. Trump also mentioned that he has had private discussions with “many people” regarding a potential deal.
DeepSeek resulted in Nvidia shares tumbling as much as 18 per cent, which is the biggest drop since March 2020.
A combination of these factors has led to the value of Nvidia stock plummeting on Monday (January 27). Forbes reports that Nvidia has seen the “single greatest one-day value wipe-out” of any company in Wall Street history. It lost almost $600bn (approximately £480bn) as its shares plunged 17% by close.