CNBC Business News Update Market Close: Stocks Lower, Nvidia Out With Better Than Expected Quarterly Results, Fed Worried About Tradeoffs 5/28/25
May 28, 2025
The podcast dives into the recent dip in the stock market, focusing on the Dow and S&P 500. It highlights NVIDIA's surprising quarterly success, showcasing resilience amidst tension. Concerns from the Federal Reserve about trade tariffs and inflation add an interesting twist. Insights on corporate leadership shifts and retail earnings forecasts round out the discussion, offering valuable perspectives for investors.
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NVIDIA Beats Expectations Amid Challenges
- NVIDIA delivered better than expected quarterly results despite a $4 billion chip charge and no sales to China.
- Investors hope new Middle Eastern diplomacy efforts can compensate for lost Chinese sales.
Fed Faces Tariff-Induced Tradeoffs
- The Federal Reserve worries about tradeoffs if tariffs worsen inflation, balancing low inflation and strong employment.
- Tariffs are starting to impact retail profits and pricing, with companies like Macy's adjusting outlooks.
Vail CEO Returns After Tough Season
- Vail's CEO Rob Katz is returning after a tough winter marked by a ski patrol strike in Park City.
- Katz had been CEO from 2006 to 2021 before becoming Executive Chairman.