August 6, 2024

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Latest August 6, 2024

S&P 500 Indices Face Significant Drop, Nearing Correction Territory

Key Points: The S&P 500 has fallen nearly 9% from its peak, nearing correction territory. Market volatility doesn't matter as much for long-term investors. Historical data shows the market always rebounds after downturns. Long-term investment in the S&P 500 has always yielded positive returns. Market downturns present opportunities to buy high-quality stocks at a discount. Invest in strong companies to...

Analysts Downplay Concerns Over Potential Delay in Nvidia’s AI Chips Launch

Key Points Analysts believe the delay will not significantly affect Nvidia's revenue or market position. Demand for AI chips remains high, with major tech companies increasing capital expenditures. Analysts and Nvidia are confident that any issues will be resolved through firmware or platform updates. Nvidia commands over 80% of the AI chip market and remains a key player in AI...

NTSB Hearing to Feature Testimony from Boeing and Spirit AeroSystems Executives on 737 MAX Incident

Key Points Boeing and Spirit AeroSystems executives will testify regarding the Alaska Airlines 737 MAX 9 door plug incident. Elizabeth Lund, Doug Ackerman from Boeing, and Terry George and Scott Grabon from Spirit AeroSystems will provide key insights. The hearing will address manufacturing, inspections, safety and quality management systems, and FAA oversight issues. Boeing faces a $4.7 billion stock buyback,...

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