Posted inFinancial News

Nvidia’s stock soared after the report

American Nvidia’s quarterly report delivered significantly better results than expected, leading to a drastic increase in the company’s stock value. American chip giant Nvidia reported a quarterly report for the first quarter that was considerably better than anticipated. The company also released a forecast for the current quarter, which is significantly higher than analysts had […]

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UK inflation fell below 10 percent in April

Despite the rise in prices of food and non-alcoholic beverages in the UK in April, the country’s inflation dropped significantly due to lower energy prices. UK’s overall inflation rate stood at 8.7 percent on an annual basis, marking a decrease from 10.1 percent in March, according to CNBC. The annual inflation rate decreased “The prices […]

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Biden and McCarthy had a ‘productive’ meeting, but no agreement on debt ceiling yet

There is still no agreement in place regarding the US debt ceiling. This was stated by House Speaker Kevin McCarthy after a new meeting with President Joe Biden on Monday, according to CNBC. McCarthy expressed optimism about the negotiations. He said that the latest conversation with Biden was “productive” and “professional,” adding that the tone […]