ALERT: Nvidia Crashes 10% on $5.5 Billion China Hit

Markets tumble as Powell warns tariffs creating "challenging scenario" lasting all year

Hello there,

Nvidia stock plunged nearly 10% today after the chip giant revealed a staggering $5.5 billion earnings hit from new China export restrictions.

The broader market followed suit with the S&P 500 dropping 3% after Fed Chair Powell warned of "higher inflation and slower growth" due to escalating tariff concerns.

Gold prices surged past $3,300 as Powell acknowledged the economy faces a "challenging scenario" that will last "the balance of this year." Access this story here.

-Tom

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