Abril Elfi
Forecasters Predict Tropical Storm Francine Will Turn Into Hurricane
OAN Staff Abril Elfi6:06 PM – Monday, September 9, 2024 Tropical Storm Francine is reportedly expected to turn into a hurricane. On Monday,…
Cuts
July PCE Inflation Index Slows; Fed Rate Cut Likely.
In July, the PCE Inflation Index rose by 2.5%, slightly below the forecasted 2.6% and up 0.2% from June. This slower-than-expected inflation may lead the Fed to consider lowering interest rates in September.
10-for-one stock split
Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
Abril Elfi
Part Of Building Collapses As Michigan Declares Tornado Emergency
Tuesday’s storms that swept across the Midwest and Ohio Valley resulted in the detection of at least two sizable tornadoes in Michigan and another in Indiana.
AI-enabled chips
Qualcomm forecasts quarterly profit above estimates, shares rise
Qualcomm forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations.
Benchmark index
S&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.