Thursday, June 6, 2024

Last call for the Nvidia stock split

Also: Trump Media probes 'naked' short sellers ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jun 6 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Today's focus is stocks.

Investors who own Nvidia shares when trading closes today are set to be impacted by the chipmaker's impending stock split, James Powel reports.

The 10-for-one split was announced in May, along with a dividend increase. The announcements accompanied strong first-quarter earnings from the chip manufacturer and artificial intelligence developer.

The split will come a day after the tech giant passed Apple to become the second-most valuable company in the world.

Trump Media probes 'naked' short sellers

Trump Media & Technology Group has fired another salvo in its war on short sellers betting against Donald Trump's namesake social media company.

Devin Nunes, CEO of Trump Media, has asked the Nasdaq to cooperate in investigating the alleged market manipulation of the company's shares, Jessica Guynn reports.

📰 More stories you shouldn't miss 📰

How did your college fare in the FAFSA meltdown?
Walmart announces annual bonuses
Here's a lucrative Social Security tip
The best way to manage your HSA

🍔 Today's Menu 🍔

More on stocks: Chipotle shareholders could approve one of the largest stock splits in history at the company's annual meeting today, James Powel reports.

The 50-for-one split was announced in March.

The fast-casual stalwart reported $2.7 billion in revenue and a 16.3% operating profit margin in its first quarter.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

A handout photo of the Endeavor building at Nvidia headquarters in Santa Clara, California.

Investors who hold Nvidia stock by the end of trading Thursday will be impacted by the stock split. Here's what to know.

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Donald Trump attends UFC 302 at Prudential Center on June 1, 2024 in Newark, New Jersey.
 

Trump Media seeks probe into 'naked' short selling

Trump's namesake social media company wants the Nasdaq to cooperate in an investigation of alleged market manipulation of the company's shares.

The Chipotle Mexican Grill located at 30 Salem Tpke in Norwich.
 

Here's what to know about Chipotle's 50-for-one stock split

Chipotle share holders are set to approve a historic stock split for the fast-casual burrito purveyor. Here's what you need to know.

Smiling couple sitting on golf cart.
 

This underused Social Security move will boost the average check by $460 in 3 years

For some people, this strategy could boost benefits by 24% or more.

A smiling person holding a laptop.
 

The best strategy for managing your HSA, and how it can help save you a boatload of money in retirem

Being savvy with your HSA could make your senior years much less financially stressful.

'X' logo is seen on the top of the headquarters of the social media platform X in downtown San Francisco on July 30, 2023.
 

Social platform X updates policy to OK porn, adult nudity on site

X (formerly Twitter) now allows users to post, view and share consensually produced and distributed adult nudity or sexual content under new policy.

3. Undertipping     Speaking of bigger tips: Some restaurants now figure a service charges into their prices so that servers and other personnel can be guaranteed a decent salary. In most places, though, restaurant servers work for far less than minimum wage, with the shortfall theoretically made up for by tips. Nothing is more petty for a diner than to nickel-and-dime those who have served the meal. Don't be stingy, even if you have   complaints about the service. If you're the one sitting at the table, chances are pretty good the server needs that extra couple of bucks more than you do. (If you have a truly bad experience with service, leave a minimal tip â€" say 10% â€" and let the manager know.)
 

Gen Z's not mad if you ask for a tip, but less likely to give one

Americans are tipping less often, a new survey says, but that doesn't mean businesses will stop asking. Find out who the best and worst tippers are.

Bad Boys Porsche 003
 

Bad boys for a day: We drive Porsches with Will Smith and Martin Lawrence

Will Smith and Martin Lawrence take over the Porsche Experience Center for "Bad Boys: Ride or Die."

A sign hangs near a Walmart store on May 14, 2024 in Miami, Florida.
 

Walmart to pay annual bonuses to US hourly workers

Both part-time and full-time associates will be eligible for the new annual bonus program, Walmart announced Wednesday.

Modular green ammonia production equipment can improve operations in renewable energy and agriculture.
 

City climate laws are fueling green transition

Cities are harnessing smart appliances to avoid overloading the electrical grid and address climate change

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