Japan's Seven & I Seeks Government Protection After $38 Billion Approach (youtube.com)
‘Core’ status designation. They provide essential services and essentials, food and supplies with 21k stores 24/7. They also do official documents, banking. Ubiquitous across Japan.
Japan has taken protectionist actions before.
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Everyone was waiting for and watching for Nvidia's Q2 report. (There were even pop news about watch parties in bars.) Most important report, everyone said. The beat by a little on every metric possible. But expectations were higher, perhaps, so results aren't much alpha beyond expectations. One way a top can price itself in?
Nvidia has decelerating revenue and EPS, margins going down, and an already high valuation, the opposite of how they were before the stock went parabolic.
Nvidia's growth continues, but (priced-in) expectations are much higher.
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Aug 29, day after Nvdia's report stock down like 5% (about the same as it was afterhours after the report). But the rest of the market all basically up. Just NVDA red and everything else green basically. Looks for the first time like Nvidia maybe doesn't matter that much to the market.
The Peloton CEO sold his $55m East Hampton waterfront house and moved somewhere else. He was a billionaire on paper a couple years ago when PLTN was $150 and now it's a few dollars. His statements show he seems to be taking it well.
Shift, over next 5 years, 90% of EM markets expected to register a faster growth rate than US in per capita income terms. The US was 50% during 2020-2024. According to Ruchir Sharma.
A relatively weak USD is part of this.
Another anti-trust movement against Google, from Yelp this time.
In past years, when movements happened against the Tech Giants, investors didn't really care (they didn't sell the stock). But recently, for the first time maybe, people are starting to modify their expectations, said Diedre on CNBC.