Nvidia stock slips after strong profits and AI boom
Nvidia reports second quarter net income of 16.6 billion and adjusted 16.95 billion with revenue at 30.0 billion, up 122 percent year over year. Despite beating estimates, shares fell about 4 percent in after hours as analysts warn of AI demand risk. The Santa Clara company is now valued above 3 trillion, with six months gains near 150 percent and earnings at 68 cents per share. CEO Jensen Huang's leadership and GPU tech underpin Nvidia's AI market dominance and long growth run.
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Wall Street ends lower as tech slides weigh index
Stocks declined on Wednesday with the S&P 500 down 0.6 percent, the Dow off 0.4 percent, and the Nasdaq 1.1 percent lower as Nvidia, Apple, Microsoft and Amazon led tech declines. Nvidia fell after hours despite strong results. Super Micro Computer sank on delaying its annual report, while Nordstrom and Kohl's beat earnings and PVH lagged forecast.
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Harris and Trump discuss family costs in campaign
The article outlines how rising child and elder care costs push women from work, strain family finances, and affect growth. Harris backs expanding the child tax credit and cites plans to raise it, while Trump avoids details though his running mate Vance advocates higher credits and pro-family policies. The piece notes care burdens and the political aim to win suburban women with affordable care promises.
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Trump offers few specifics on child care costs
Voters face high child care costs as Donald Trump gives little concrete policy. During a CNN debate moderator Jake Tapper pressed him twice for cost-cutting plans with minimal response. His campaign echoes tax credits for caregivers and reduced red tape for long term elder care, a quieter shift from his earlier paid parental leave push.
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Supreme Court pauses Biden SAVE student loan plan in ongoing lawsuits
The Supreme Court on Wednesday kept in limbo the Biden administration's SAVE plan to lower payments and expand forgiveness, rejecting a fast return to full effect as lawsuits move through lower courts. The 8th Circuit blocked the plan while the education department pursues faster forgiveness and income-based payments. Justice Department and Republican-led states spar over costs and rulings, with critics warning of chaos in the loan system.
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