Shares of Nvidia (NASDAQ: NVDA) continued to tumble on Friday, falling as much as 4.5%. While the stock was no doubt caught up in the broader market downdraft, bearish comments by a Wall Street analyst about the state of the industry added further pressure to the share price. Truist analyst William Stein painted a bleak picture for the semiconductor industry, at least in the near term, according to The Fly. Read More...
Reuters
U.S. recession not imminent despite yield curve inversion, BlackRock executive says
A U.S. recession is not imminent despite the inversion of a part of the U.S. Treasury yield curve which has been “artificially pressured” by some investors, BlackRock Inc, the world’s largest asset manager, said in a note on Friday. The closely watched gap between two-year and 10-year yields, whose inversion has preceded past recessions, turned negative last week, fueling a debate on whether the signal presages a downturn this time around. “We do not see a recession occurring in the near-term,” said Gargi Chaudhuri, head of iShares Investment Strategy, Americas, at BlackRock.
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