Nvidia extends lead as world’s most valuable company, set to add $100bn in market cap

Shares in Nvidia (NASDAQ:NVDA) rose more than 3% in premarket trading on Thursday, further extending its lead over other mega-cap tech firms like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). The latest uptick provides yet another boost for NVDA’s market cap, with the chipmaker set to add around $100 to its valuation should it hold onto current […]

Hiring stays strong for low earners, Vanguard finds

For lower-earning Americans, the pace of hiring remains strong, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hire rate for the bottom one-third of workers by income, those who earn less than $55,000 a year, was 1.5% in March, the rate […]

US consumer confidence recovers; inflation worries persist

U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about inflation persisted and many households expected higher interest rates over the next year. The mixed survey from the Conference Board on Tuesday also showed more consumers believed that the economy could slip into […]