Tag: erases

Nvidia Enters Correction Territory as Slump Erases $400 Billion

(Bloomberg) — Nvidia Corp. shares fell on Monday, with the AI-focused chipmaker entering correction territory as it extends a sharp recent selloff. Most Read from Bloomberg The stock fell 4.8% and is on track for its third straight negative session. It has dropped 12% over the three-day slide, putting it past the 10% threshold that […]

Nvidia’s stock plunge erases $118B in market cap

Nvidia’s (NVDA) reign as the most valuable publicly traded company was brief. The semiconductor giant extended its losses, shedding $118 billion in market capitalization. The company, which recently surpassed Microsoft (MSFT) to claim the top spot, is seeing shares drop amid the market’s triple-witching Friday. Read more about Nvidia’s run here. For more expert insight […]

Gov. Katie Hobbs signs $16.1 budget that erases Arizona’s nagging deficit

Arizona Gov. Katie Hobbs on Tuesday signed into law a bipartisan state spending plan that trims state agencies and makes other moves to reconcile a budget deficit over two years. “Nobody got everything they wanted, but this bipartisan, balanced budget puts our state on solid financial ground,” Hobbs said in a statement. The budget was […]

S&P 500 erases earlier gains as bond yields climb

Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions […]

S&P 500 erases earlier gains as bond yields climb

Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions […]

Trump Media Spirals as 37% Dive From Debut Close Erases Billions

(Bloomberg) — Trump Media & Technology Group Corp. has wiped out some $2.8 billion in value as some of the retail traders who frantically bid up the stock last month began to sell. Most Read from Bloomberg The social media company that’s mostly owned by former president Donald Trump has slumped 37% from its close […]

Warm-up all but erases January snows, forcing event cancellations statewide

Feb. 11—TRAVERSE CITY — Michael Zaryczny moved some snow from a pile near Timberlee Hills’ parking lot to cover bare patches on the tubing hill as Destiny’s Child’s “Survivor” played on the speakers inside the lodge. The tubing hill and event venue’s owner used a tractor to scoop snow Friday from piles near the parking […]