Sat, Nov 16, 2024 6:33 PM
Swiggy vs Zomato: Which food delivery stock should you buy for long-term?
A Flip by Avya Verma
US inflation is proving stubborn while consumer spending shows scant signs of any concerning slowdown, laying the groundwork for a more cautious approach to interest-rate cuts from the Federal Reserve. Even though inflation has dropped notably over the past two years, the government’s October consumer price report underscored the challenge facing Fed officials.
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Nvidia shares ended lower last week, giving back around $150 billion in market value amid a broader selloff in rate-sensitive tech stocks ahead of the group's hotly anticipated third quarter earnings on Wednesday. Nvidia (NVDA) , which commands a near 80% share of the market for high-end AI-powering chips and processors, is finding that its biggest challenge isn't the technological advances.
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Walmart is set to report earnings on Tuesday, with analysts expecting sales growth as its customer base expands across income levels, driven by market share gains and a growing digital advertising business that boosts profit margins. The retailer is projected to report quarterly revenue of $167.73 billion and net income of $4.24 billion. Walmart shares are up 60% this year.
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