Tag: dragging

Nvidia Stock Drops 6.5%, Dragging Artificial Intelligence Stocks Lower

The artificial intelligence (AI) trade took a turn for the worse on Monday as Nvidia (NASDAQ: NVDA) shares dropped as much as 6.5%, dragging the entire AI market with it. Super Micro Computer (NASDAQ: SMCI) fell as much as 8.5%, and Taiwan Semiconductor Manufacturing (NYSE: TSM) was down 3.8% at its low today. The three […]

One stock is dragging down the S&P 500’s earnings growth

Companies in the S&P 500 (^GSPC) have reported what’s broadly been considered a solid Q1 earnings season for the index, with one key exception: drugmaker Bristol Myers Squibb (BMY). Last month, the company reported a massive loss per share in the first quarter on charges related to a series of acquisitions and cut its profit […]

‘She is dragging our brand down’

Sen. Thom Tillis, R-N.C., went after Rep. Marjorie Taylor Greene, R-Ga., on Tuesday, saying that Greene was a threat to the Republican Party and was “dragging our brand down.” “I think she’s uninformed. She is a total waste of time,” Tillis said in a recording reported by CNN and aired Tuesday evening. “She is a […]

Pimco Sees Swelling Deficit Dragging Bonds ‘Back to the Future’

(Bloomberg) — Pacific Investment Management Co. is warning that US fiscal profligacy threatens to drag the Treasury market back to 1980s, a time when bond vigilantes demanded far higher compensation to own longer-dated bonds. Most Read from Bloomberg A combination of stickier inflation and deteriorating budget estimates “could start to reverse the 40-year downtrend” of […]

Man wanted after fleeing traffic stop, dragging deputy in Iredell Co.

Deputies with the Iredell County Sheriff’s Office are asking the community to help them find a wanted man. ALSO READ: Suspect arrested for robbery of 2 businesses in Matthews On Saturday, a deputy stopped a vehicle at a business on Oakridge Farm Highway near Mooresville. The sheriff’s office says during the stop, the driver, who […]