The US Commerce Department released a shock news before the market today, the GDP growth in the first quarter unexpectedly fell 1.4%, expected to grow 1.1% versus 6.9% last. It was also the worst quarter for U.S. GDP in two years. It also explains why the stock market is so depressed. This data is also the unified feedback of poor financial data. I think you all have the same question when you look at this number, why is it so low? Will GDP growth be as low next quarter? When will it get better? After all, the economic outlook is tied to our holdings. Four months into a prolonged rout, it's worth talking about the turning point for the market. Let's start with the root causes. Why is GDP negative? I generalize for two reasons: 1 As shown in the figure, 2021 has a high base. Real GDP growth
Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph
Aug 28 - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected
This Unloved Tech Stock Could Make You Rich One Day
The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company merger. In a race to disrupt residential