Nvidia shares (NVDA) are seeing some relief in pre-market trading after a multi-day sell-off, erasing nearly $400 billion in the chip maker’s market cap and dragging down tech-heavy indexes with it (^DJI, ^IXIC, ^GSPC)
The Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index — is due out this Friday. Treasury Secretary Janet Yellen believes inflation will continue on a downward path and eventually reach the Fed’s 2% target. Watch Yahoo Finance’s full, exclusive interview with US Secretary of the Treasury Janet Yellen.
European Union (EU) regulators are targeting Microsoft (MSFT), alleging antitrust violations by bundling its Microsoft Teams software with other programs.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Video Transcript
Three things that you need to know this morning as you prep for the trading day, we’ve got Yahoo Finance is Jared Madison Mills and Alex Keenan with more shares have been video up 3% in free market.
After a historic stock slide, the chip maker experienced a three day sell off, resulting in shares falling nearly 13% over the period represent representing a loss of over $400 billion market cap and videos move bring the tech heavy NASDAQ composite to its worst day since April plus investors wait Friday’s PC report.
This is the Fed’s preferred inflation gauge.
Now this comes after inflation has cooled in recent months but it’s still about the feds 2% target.
Treasury Secretary Janet Yellen told Yahoo Finance in an exclusive interview that she expects inflation to continue to trend downwards.
I do expect inflation to come down.
And as we get into next year, I believe that inflation will uh go back to uh the Fed’s 2% target.
Secretary Yellen also said she does not see a recession in sight.
We unpack why and European regulators are going after a second big tech target this week.
The Eu Antitrust Authority says Microsoft is violating the blocks antitrust laws by bundling teams with its other business software.
This comes just one day after the Eu hit Apple with an antitrust claim saying Apple’s App Store was illegally preventing developers from steering customers towards alternate ways to buy their contents.
