Events

Coming up this week...

Monday, November 15, 2021 by Snacks

Chip the Switch... Chip titan Nvidia makes graphics cards for everything from laptops to gaming consoles, like the Nintendo Switch. Last quarter, Nvidia notched record sales, with nearly half coming from gaming. Now, Nvidia’s focused on growing AI and its data-center biz, which powers half the world’s servers and touts customers like Microsoft and Amazon. Despite the (still happening) global chip shortage, investors hope Nvidia’s robust supply chain and demand for its cutting-edge tech will boost its earnings on Wednesday.

Still waiting for my Halloween costume... US holiday spending is expected to reach a record $800B+ this season. That's good news for go-to retailers like Macy’s, Walmart, Target, and Kohl's, which all report earnings this week. Problem: national worker shortage. Last week, Macy’s joined Walmart and Target in boosting its minimum wage to $15/hour and offering employee tuition benefits. Meanwhile, Kohl’s is offering sign-up bonuses of $100 to $400. But higher incentives = higher costs. We’ll see if that hits retailers’ bottom line. Macy’s expects holiday benefits to cost an additional $35M over the next four years.

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