Nvidia became the first chipmaker to be valued at over a $1 trillion, before falling in trading later in the day. The U.S. chipmaker’s market value rose 3 percent, to $401.15 on May 30, after tripling in value since October, due to its successful investments in Artificial Intelligence, as investors pile on to the firm. The…
Nvidia Temporarily Becomes First Chipmaker to Hit $1 Trillion in Value
May 31, 2023
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Dollar Hits More Than 2-month High as European Inflation Cools
LONDON/TOKYO—The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China’s recovery is sputtering. The euro was last down 0.67 percent at $1.066, the lowest since March 20. That helped the dollar index, which measures the greenback against six major peers,…
Oil Falls On Weak China Data, Stronger US Dollar
LONDON—Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.29, or 1.75 percent, to $72.42 a barrel at 1013 GMT. U.S. West Texas Intermediate crude (WTI) fell $1.28, or 1.84 percent, to $68.18. Both…
Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves
May 31, 2023
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LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy. The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down…
Stock Market Today: Wall Street Churns to a Mixed Finish
NEW YORK—Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 edged up by 0.07, or less than 0.1 percent, to 4,205.52, hovering close to its highest…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 30)
May 30, 2023
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Benchmark U.S. crude oil for July delivery fell $3.21 to $69.46 a barrel Tuesday. Brent crude for July delivery fell $3.53 to $73.54 a barrel. Wholesale gasoline for June delivery fell 11 cents to $2.60 a gallon. June heating oil fell 9 cents to $2.28 a gallon. July natural gas fell 9 cents to $2.33…
How Major US Stock Indexes Fared May 30
Wall Street churned to a mixed finish as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 was virtually unchanged Tuesday, hovering near its highest level since August. The Dow Jones Industrial Average fell 50…
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money?
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since Zimbabwe declared independence from the former Republic of Rhodesia in 1980, the southern African country has been ravaged by inflation and overall economic turmoil. Over the past 40 years, the annual inflation rate has only touched single-digit…
Number of Americans Taking Accounting Exams Drop to Lowest Level Since 2006
The number of Americans taking exams to enter the accounting profession has plunged to the lowest level in 17 years, according to new data from the American Institute of Certified Public Accountants (AICPA). In 2022, the number of new entrants sitting Certified Public Accountants (CPA) exams dropped to just over 67,000, down from 72,000 in 2021, according to…
Number of Americans Taking Accounting Exams Drops to Lowest Level Since 2006
The number of Americans taking exams to enter the accounting profession has plunged to the lowest level in 17 years, according to new data from the American Institute of Certified Public Accountants (AICPA). In 2022, the number of new entrants sitting Certified Public Accountants (CPA) exams dropped to just over 67,000, down from 72,000 in 2021, according to…
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