August 23, 2023

Markets Now

Nvidia set the market alight last quarter. Can it repeat the trick?

Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.  
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VinFast shares soar again as buzz over Vietnamese EV maker grows

Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday.  
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China's Xi unexpectedly skipped a key BRICS event. No one is saying why

Chinese leader Xi Jinping on Tuesday unexpectedly skipped a business forum of the BRICS economic group in South Africa, sending his commerce minister instead to deliver a fiery speech in his name that decried US hegemony.  
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Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall

A Peloton recall involving the adjustable seat on more than two million bikes is becoming a bigger headache than expected.  
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Macy's sounds the alarm on credit card delinquencies

Macy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers.  
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Many Maui restaurants were destroyed in the fires. For those that survived, their future remains uncertain

On August 8, the day that Maui was overcome with flames, Qiana Di Bari saw a puff of smoke near her home and knew she and her family had to escape.  
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Source: CNN Business

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