U.S. Economy Contracts Sharply in Q1 2025: Key Factors and Implications
The U.S. economy contracted at an annualized rate of 0.5 percent in the first quarter of 2025, according to the third estimate (BEA).
NVIDIA faced a record-breaking single-day drop in market capitalization, losing 9.5% and erasing $278 billion on Tuesday.
Photo by Christian Wiediger on Unsplash
NVIDIA experienced the largest single-day market value drop in history, closing down 9.5% on Tuesday, September 3, and wiping out $278 billion in market capitalization.
This surpasses the previous record set in February 2022 when Meta lost $251 billion. Since announcing its earnings last Wednesday, NVIDIA's stock has fallen 14%, with a total decline of 18% over the past week.
The U.S. economy contracted at an annualized rate of 0.5 percent in the first quarter of 2025, according to the third estimate (BEA).
In a sharp escalation of hostilities, the United States in the new Trump-era, has launched direct strikes on Iranian nuclear facilities, targeting critical infrastructure
The world sits on the edge of a potential oil shock. As conflict between Israel and Iran had escalated