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Retail investors poured a record $111 million into Nvidia shares during Thursday’s first half-hour of trading, helping the stock trim an opening loss of as much as 14% to about 5%. The dip-buying suggests confidence in the AI trade remains resilient despite CEO Jensen Huang’s departure and Nvidia’s loss of more than $1 trillion in market value over five weeks.
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The Federal Reserve will hold seven rate-setting meetings in 2027 instead of the customary eight, while dedicating its October gathering to broader monetary-policy strategy. The revised schedule also moves the year’s final policy meeting to November and removes designations for quarterly economic projections as Chair Kevin Warsh reviews the Fed’s communication practices.
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Prediction-market platform Kalshi has ended Donald Trump Jr.’s advisory role by mutual agreement after his venture-capital firm, 1789 Capital, increased its investment in rival Polymarket. Discussions began after 1789 Capital led Polymarket’s latest funding round, according to a Kalshi spokesperson.
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Rising retail inflation could weaken household purchasing power and constrain discretionary spending, including housing expenditure, while increasing the possibility of further monetary tightening by the Reserve Bank of India (RBI), industry bodies said on Thursday, following the acceleration in consumer price inflation to 6.09 per cent in October.
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The cost of insuring Nvidia’s debt against default climbed close to a recent high as its board considered CEO Jensen Huang’s future. The board is reportedly evaluating interim and permanent successors following allegations about Huang’s personal conduct.
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Nvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure to the AI sector, dragging down the value of related stocks. Additionally, surging oil prices are exacerbating inflation worries across the market. Investors are keenly awaiting the Producer Price Index data for insights on inflation trends, even as some sectors continue to show resilience amidst the declines.
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