Our PureVest Weekly Roundup looked at Nvidia’s blowout earnings announcement. Nvidia has been at the forefront of the Nasdaq’s big run and proved why it should be. Although the Fed signaled the tightening cycle is over, they reiterated that they would be patient with cutting rates. The U.S. labor market remained solid as the unemployment rate stayed below 4%. How good is your Social Security IQ? Read the article below from CNBC with a pop quiz for you; PureVest is here to answer any of your questions. Home Depot and Block posted solid earnings in another vote of confidence for the U.S. economy. Enjoy the light reading, and have a great weekend.
Markets & Economy:
Nvidia posts revenue up 265% on booming AI business
source:www.cnbc.com
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
source:www.cnbc.com
The unemployment rate stayed at 3.7%, and has been below 4% for 24 straight months —the longest streak since the 1960s.
source:www.apnews.com
78% of near-retirees failed or barely passed a basic Social Security quiz. Test your knowledge before you claim
source:www.cnbc.com
Home Depot beats earnings, sales estimates
source:www.charlesschwab.com
Mortgage rates rise again, threatening to slow spring housing market
source:www.foxbusiness.com
Block shares surge after company announces surprise profit
source:www.cnbc.com