5 things you should know before the stock market opens on Thursday, November 21
Here are five important things investors need to know to start the trading day:
1. The meh-laise market
2. Nvidia hits, but falls
Jensen Huang, founder and CEO of Nvidia Corp., held up the company’s AI accelerator chips for data centers as he spoke during the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024.
Akio Kon Bloomberg | Getty Images
Nvidia nearly doubled its revenue in the third quarter, up 94% year over year. Still, that’s a decline for the chipmaker, which has seen sales growth of 122%, 262%, and 265% in the past three quarters, respectively, thanks to demand for its artificial intelligence chips. The company beat expectations for sales and earnings during the period, while delivering a better-than-expected forecast for the fourth quarter. Nvidia stock fell nearly 3% in premarket trading Thursday after the report.
3. Chrome standard
The Department of Justice’s top antitrust officials have decided to ask a judge to compel Alphabet Inc.’s Google. to sell its Chrome browser in what would be a historic blow to one of the world’s largest technology companies.
Gabby Jones | Bloomberg | Getty Images
The Department of Justice is pushing Google to differentiate its Chrome browser to create a level playing field with other search competitors. This move comes after the decision of August in which the American judge decided that Google is the only one in the search market. Chrome provides the company with data that it uses to sell targeted ads to consumers. The DOJ also said Google should be barred from offering search service preferences within its other products, among other things.
4. Adani was charged
Indian billionaire Gautam Adani speaks during the opening ceremony after the Adani Group completed the purchase of the Port of Haifa in early January 2023, at the Port of Haifa, Israel on January 31, 2023.
Amir Cohen Reuters
Billionaire businessman Gautam Adani has been charged in New York in connection with a multibillion-dollar fraud scheme, authorities said Wednesday. Adani is the chairman of India’s Adani Group and is one of the richest people in the world. He and seven others are accused of paying the Indian government more than $250 million to try to win contracts to supply solar power. The lawsuit accused the defendants of misleading American investors when they were looking for money to finance those solar contracts. Shares of Adani Group companies fell after the indictment.
5. McValue
A McDonald’s restaurant is viewed on October 23, 2024 in Omaha, Nebraska.
Mario Tama Getty Images
The price trend is still stable in 2025. McDonald’s is working on a new “McValue” strategy for next year after emphasizing more affordable options in 2024. The program will keep the $5 meal deal that was released this summer on the menu. in the first six months of the year. It will also introduce a “buy one get one” option for $1, CNBC’s Kate Rogers reported. Employees are still voting on their 2025 stock options, but the option looks set to pass, according to two people familiar with the matter.
– CNBC’s Samantha Subin, Kif Leswing, Ryan Browne, Jennifer Elias, Dan Mangan, Lee Ying Shan, April Roach and Kate Rogers contributed to this report.
Source link
