Tidbits
Yesterday morning, the USDA announced the sale of:
202,000 mts of old crop soybeans to China
226,200 mts of old crop soybeans to unknown
The Biden Administration closed the U.S. Embassy in Kyiv, Ukraine because of the escalating war. Historically, the U.S. has kept U.S. Embassies open until the very last possible day because it is the last safe-haven for Americans and America’s friends in the country. Following the U.S., Italy, Spain and a number of other countries closed their embassies.
Nvidia Corp reported their third quarter earnings yesterday after the market closed. The trillion-dollar company makes up 7.22% of the S&P 500, followed by Apple at 6.93%. Nvidia's revenue has gone from $18.12 billion in October of 2023 to $30.04 billion in July of this year. They have continuously beat quarterly earnings estimates, including yesterday with 81¢ per share earnings versus 75¢ expected. But, in classic “buy the rumor and sell the fact” tradition, Nvidia stock lost 2% in the extended hours trading.