Nvidia’s rise since the debut of ChatGPT in November 2022 has been stunning. Shares of the chipmaker—known mostly for gaming hardware prior to the AI boom—embarked on a dizzying rally since AI burst into public consciousness and sparked a frenzy for the tech among Wall Street investors. The stock has risen more than eightfold over…
Linda Yaccarino, the chief executive of social media site X, said Wednesday that she’s stepping down from her role after two years at the company. “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company,”…
Elon Musk announced the formation of his new political party a day after conducting a poll on his social media platform, X. But this isn’t the first time Musk has outsourced his decision-making to social media. The Tesla and SpaceX CEO has conducted several polls on X over the years. Musk has asked users whether…
The dollar just wrapped up its worst half of a year since 1973, but the US currency’s loss might be the stock market’s gain. Morgan Stanley predicts that the dollar will continue depreciating throughout the year but it views this trend as a “substantial, under-appreciated tailwind” for stocks, one that could drive fresh earnings growth….
President Donald Trump has made it clear what he wants: lower interest rates, and ASAP. That’s the thrust behind his yearslong feud with Jerome Powell, the Fed Chair who’s stood pat on interest rates, even amid pointed criticisms and threats from the president that his position is in jeopardy. Trump — who has, among other…
The federal government looks like it is taking a page out of Silicon Valley’s playbook. The US Office of Personnel Management issued a memo on June 17 announcing sweeping reforms to performance management in the federal government. And the move to cut low performers looks a lot like what’s been happening at major tech companies. The…
Investors entered 2025 wildly optimistic after two back-to-back years of 20% stock market gains, only to watch the S&P 500 plunge to the edge of a bear market in April and then rally back to record highs last week. After an eventful first half of the year, Wall Street is buckling up for more volatility…
How do you bring L.A. to Paris Fashion Week? “Literally just drop a pin,” says strategist and consultant Stephanie Ramos. We’re at the Courtside X Akila picnic at Champ de Mars, an annual tradition that made it out of a group chat Ramos had started five years ago. Walking up to the park under the…
Buying stocks when the market is selling off is always a daunting prospect. On one hand, if you time it right and shares rally, you’ve bought at an attractive price. On the other hand, the market could just… keep falling. Luckily for brave dip-buyers in 2025, the former has been true. Despite stomach-churning volatility at…
Nvidia shares hit a record high on Wednesday, closing at $154.31 and lifting the chipmaker’s market value to $3.77 trillion. The move allowed the AI titan to reclaim the title of the world’s most valuable company — but one firm thinks the rally isn’t even close to being over. The stock extended its record high…