From Apple News to Nvidia's 10-for-1 Stock Split

In partnership with

Dear Money Master,

Discover the latest financial news including Norway's rare earth metals discovery, Nvidia's 10-for-1 stock split, and GM's $6 billion buyback plan.📈

👆 Please support us by clicking on our partners' ads.

📰 Your Daily Financial Digest - June 11th, 2024

🌍 Economics & Finance

1. Norway Uncovers Europe's Largest Rare Earth Metals Deposit 🌍🔍

   Rare Earths Norway announced the discovery of 8.8 million metric tons of total rare earth oxides in the Fen Carbonatite Complex. This could boost Europe’s efforts to reduce dependency on China's supply. Read More

2. GM Board Approves New $6 Billion Share Buyback 💸🚗

   General Motors has authorized a $6 billion stock repurchase program to follow its current $10 billion buyback, which completes this month. GM shares have surged 32.4% this year amid a focus on profitability and EV growth. Read More

3. UK Unemployment Nears Three-Year High as Election Approaches 📊🇬🇧

   The UK's unemployment rate rose to 4.4% between February and April, the highest since September 2021, amid strong wage growth and a heated general election campaign. Economists had expected it to remain steady at 4.3%. Read More

4. Gold Mining Industry Faces Production Challenges ⛏️🏆

   The World Gold Council reports that despite a record 4% increase in Q1 2024, gold mine production has plateaued since 2016. Only 0.5% growth was seen in 2023, highlighting the difficulty in finding new deposits. Major gold reserves are dwindling, complicating future mining efforts. Read More

5. Southwest Airlines Shares Soar on Elliott's $2 Billion Stake ✈️📈

   Shares of Southwest Airlines rose 7% premarket after Elliott Investment Management acquired a significant stake, aiming to drive strategic changes. The airline faces challenges from delayed 737 MAX deliveries, impacting growth plans and operational costs. Read More

💻 Technology:

1. Raspberry Pi IPO: A Rare Win for London 🖥️💹

   Raspberry Pi is set to raise £166 million ($211.2 million) from its IPO, valuing the company at around £541.6 million. Shares surged 31% in initial trading, marking a significant success for the London Stock Exchange. Read More

2. Apple Intelligence Launches on M1 Devices 🍏🤖

   Apple unveiled Apple Intelligence, a new generative AI tool, compatible with devices running the M1 chip. However, the feature is limited to the latest iPhone 15 Pro models, possibly driving new upgrades this fall. Read More

3. Cognizant to Acquire Belcan for $1.3 Billion 🤝💼

   Cognizant Technologies announced the acquisition of Belcan, expanding its presence in aerospace, defense, and automotive sectors. Belcan, employing 10,000 people globally, enhances Cognizant's engineering capabilities and market reach. Read More

💹Earnings:

1. DocuSign Reports Q1 Earnings in Line with Expectations 📄💵
   DocuSign's Q1 CY2024 revenue rose 7.3% year-on-year to $709.6 million, matching analyst expectations. The company projects Q2 revenue around $727 million and reconfirmed its full-year guidance at $2.93 billion. Non-GAAP profit improved to $0.82 per share. Read More

2. Nvidia Stock Rises After 10-for-1 Stock Split 🖥️📉
   Nvidia's stock began trading on a 10-for-1 split basis, reducing the share price from $1,208.88 to $120.88. This move aims to make shares more affordable for retail investors. The stock closed up nearly 1% post-split, with Nvidia's market cap briefly surpassing $3 trillion last week. Read More

Deep Dive: Understanding Stock Splits and Their Impact 📊🔍

What Is a Stock Split?
A stock split is a corporate action where a company divides its existing shares into multiple new shares. For example, in a 10-for-1 stock split like Nvidia's, each share is divided into ten, reducing the price per share while increasing the total number of shares outstanding.

Why Do Companies Split Their Stock?
Companies split their stock to make shares more affordable for retail investors, increase liquidity, and make trading easier. A lower price per share can attract more investors and enhance market participation.

Impact on Shareholders and Investors
For existing shareholders, a stock split does not change the total value of their holdings. For example, if you owned one share worth $1,208.88 before Nvidia's split, you now own ten shares worth $120.88 each. The overall value remains the same, but you have more shares at a lower price.

Market Perception and Psychological Effects
Stock splits are often perceived positively as they signal company growth and confidence. They can also generate increased interest and trading activity. However, splits do not affect a company's fundamental value or financial health.

Example in Practice: Nvidia's Recent Split
Nvidia's recent 10-for-1 stock split reduced its share price, making it more accessible to retail investors. This move came as Nvidia's market valuation briefly exceeded $3 trillion, driven by high demand for its AI hardware. The split is expected to enhance liquidity and broaden Nvidia's investor base.

This cannabis startup pioneered “rapid onset” gummies

Most people prefer to smoke cannabis but that isn’t an option if you’re at work or in public.

That’s why we were so excited when we found out about Mood’s new Rapid Onset THC Gummies. They can take effect in as little as 5 minutes without the need for a lighter, lingering smells or any coughing.

Nobody will ever know you’re enjoying some THC.

We recommend you try them out because they offer a 100% money-back guarantee. And for a limited time, you can receive 20% off with code FIRST20.

Shop Now.

To your financial empowerment, The Money Masters Team

P.S. Stay connected! Don't forget to follow us on social media!