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Donald Trump has posted a video encouraging his followers to purchase a cryptocurrency supported by his family after the new token’s sale went live.

On October 15, World Liberty Financial crypto tokens were made available to purchase, Bloomberg reported—with each of the ethereum-based $WLFI tokens costing $0.015.

In a video on his X account, the former president announced the sale, saying: “Big news. The World Liberty Financial token sale is now live. Crypto is the future. Let’s embrace this incredible technology and lead the world in digital economy.” The video has received more than 8 million views.

Trump, the Republican presidential nominee in November’s election, has recently become a crypto proponent. However, he has not always supported the technology, previously saying the cryptocurrency bitcoin “just seems like a scam.”

Donald Trump, center, with his sons Donald Trump Jr., left, and Eric Trump, right, in Fiserv Forum in Wisconsin on July 15. Trump posted a video on social media encouraging his followers to purchase crypto…
Donald Trump, center, with his sons Donald Trump Jr., left, and Eric Trump, right, in Fiserv Forum in Wisconsin on July 15. Trump posted a video on social media encouraging his followers to purchase crypto tokens from a company his family supports.
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Tom Williams/CQ Roll Call via AP

On its X account, World Liberty Financial also advertised the sale of the token, highlighting an offer that gave buyers a “limited-time 1.5x bonus,” which the post said would expire in three hours.

According to Bloomberg, as of 1:48 p.m. on Tuesday, more than 500 million of the tokens had been sold. The crypto news site CoinDesk reported that, with a $300 million goal through the sale of 20 billion tokens, by the early hours of Wednesday morning, the company had sold more than 750 million tokens.

The World Liberty Financial site reportedly crashed shortly after the tokens went on sale. Newsweek has contacted World Liberty Financial via its X account for comment.

According to the company’s website, Trump holds the title of “chief crypto advocate,” while his sons—Eric, Barron and Donald Trump Jr.—are “Web3 ambassadors.”

The website also said a benefit of owning $WLFI was that you’d “instantly gain a voice in shaping the future of DeFi.”

CoinDesk reported that the Trump family-backed company had more than 100,000 accredited U.S. investors white-listed ahead of its launch on Tuesday.

However, Etherscan data showed that there were about 8,500 holders of the tokens.

Accredited investors are those able to buy shares in new businesses that have not yet gone public.

To do so, they must have an annual income of more than $200,000 or work in the financial industry, according to the U.S. Securities and Exchange Commission.

They must also have a net worth of more than $1 million, excluding their primary residence.

To purchase the $WLFI tokens, buyers must have a Web3 wallet, which the company described as the digital tool to store the keys “essential for accessing and managing your blockchain assets.”

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Trump tells followers to buy family-backed cryptocurrency

In the crypto company, Donald Trump is the "chief crypto advocate," and Eric, Barron and Donald Trump Jr. are "Web3 ambassadors."

Newsweek

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Banking CIO OutlookHow Generative AI is Transforming the Banking IndustryGenerative AI is revolutionizing the banking industry by improving customer
service, fraud detection, risk management, automation, personalized
financial….2 hours ago

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WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released a revealing report on widespread illegal practices within the auto finance sector, shedding light on the systemic issues affecting millions of consumers across the United States. The latest edition of Supervisory Highlights uncovers a range of infractions by auto lenders, from wrongful vehicle repossessions to misleading marketing and improper handling of loan payments.

According to the CFPB, some lenders have been repossessing vehicles even after borrowers have made timely payments or received loan extensions, highlighting a significant breach of consumer trust and legal standards. CFPB Director Rohit Chopra emphasized the gravity of these issues, noting that “borrowing to buy a vehicle is one of the largest sources of household debt for American families, and many deal with unnecessary costs and challenges paying for their car.”

One of the critical findings involves the mishandling of add-on products, such as extended warranties or guaranteed asset protection insurance. These products are often bundled into the loan at the outset, increasing the overall loan cost. CFPB examiners discovered instances where consumers were charged for optional add-ons they had not consented to purchase. Furthermore, in cases of early loan termination, lenders failed to provide the required prorated refunds for these unused products, effectively denying consumers their rightful compensation.

The report also notes that some lenders have forced consumers to make multiple in-person visits to dealerships to cancel unwanted add-ons, effectively restricting their ability to opt-out. In response, the CFPB has mandated auto-finance companies to cease these illegal practices, clarify the optional nature of such products, and revise contractual language with service providers.

Another alarming issue identified by the CFPB is the improper application of loan payments, which has led to wrongful repossessions. Some lenders have been found misallocating borrowers’ payments, prioritizing late fees over principal and interest, resulting in unwarranted late fees and financial strain on consumers. The Bureau has instructed these servicers to refund affected consumers and ensure payments are applied as disclosed.

Moreover, the report highlights the inaccurate disclosures by lenders regarding interest rates, with some consumers being misled about their eligibility for low rates. This bait-and-switch tactic has been flagged as a significant concern, with the CFPB directing lenders to cease using deceptive marketing practices.

Compounding these issues, lenders have also been caught placing erroneous information on consumers’ credit reports, including incorrect amounts past due and inaccurate payment histories. This malpractice not only harms consumers’ credit scores but also affects their financial credibility. The CFPB has required lenders to review and rectify these inaccuracies promptly.

These findings are part of the CFPB’s ongoing efforts to protect consumers in the auto finance market, following previous actions against major companies like Toyota Motor Credit and Wells Fargo for similar violations. The Bureau’s proactive stance aims to ensure fair treatment and transparency, safeguarding consumers’ rights in an industry that significantly impacts their financial well-being. As the CFPB continues to monitor and address these issues, consumers are encouraged to remain vigilant and report any discrepancies they encounter in their auto finance dealings.

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CFPB Exposes Unlawful Practices in Auto Finance Industry - MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released a revealing report on widespread illegal practices within the auto finance sector, shedding light on the systemic issues affecting …

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In a 2010 article for Marie Claire, Justine Musk, Elon Musk’s ex-wife and mother of his five children, opened up about their marriage and her financial choices. Justine recounts how Elon, who was in the early stages of building his empire and would later become the richest man in the world, asked her to sign a “financial agreement” just two months before their wedding. 

Elon framed the agreement as something his company’s board wanted them to sign, saying, “It’s not a prenuptial.” 

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Trusting her soon-to-be husband, Justine signed the document without fully understanding its implications. “I trusted my husband – why else had I married him? – and I told myself it didn’t matter,” she recalls, a decision that would have far-reaching consequences.

“I had effectively signed away all my rights as a married person, including any claim to community property except our house, which was to be vested in my name once we had a child,” she writes. Justine would later understand that this agreement restricted her financial rights, leaving her with only their shared home.

Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do — to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.

By the time eBay acquired PayPal in 2002, Elon’s net worth had surged to over $100 million, further widening the economic gap between them. “Most of his newfound fortune he rolled over into his second company, an online banking institution, X.com, that later became PayPal,” she explains.

She reflects on the vast wealth they accumulated and the lifestyle that followed. Their home became a 6,000-square-foot estate in Bel Air and their travels included flying in Elon’s private jet. “When we traveled, we drove onto the airfield up to Elon’s private jet, where a private flight attendant handed us champagne,” she recalls, painting a picture of their highflying life.

See Also: I’m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?

As the marriage progressed, Justine describes feeling increasingly sidelined and pressured to conform. Reflecting on this period, she writes, “As we danced at our wedding reception, Elon told me, ‘I am the alpha in this relationship.'” The pressure of their dynamic weighed on her, but she continued to support his growing ventures and adapt to their evolving lifestyle.

Years later, as their marriage neared its end, Justine looked back on her choices and the financial implications of that one document she signed so early on. She trusted Elon then but now recognizes the long-term impact of giving up her financial rights.

Her account sheds light on how financial agreements can shape marriage and, in this case, how they left her grappling with the consequences years after she first signed on the dotted line.

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Elon Musk's Ex-Wife And Mother To 5 Kids Claims He Pushed Her to Sign Away Financial Rights: 'He Said It

Benzinga

foreign answer executive engineer of Public Works division next question who is the officer authorized to communicate to the accountant General copies of orders sanctioning expenditure answer the authority which Accords sanction next question what is the period of limitation in respect of

Ideal claims of pension answer 12 years next question what is the due date of disbursement of monthly salary of employees in legal Metrology Department answer third working day of the next month next question who is the officer authorized to maintain the register of increments of non-gusseted

offices of an office answer drawing officer next question the whole of the attachable portion of the salary of a non-gasseted officer is under attachment a demand from a Cooperative Society is received for attaching some amount from his salary what is the action to be taken by the drawing and

disbursing officer answer the amount should be recovered from the portion of salary not liable to attachment next question funds are available in a department for recurring supplies required for normal functioning of the department who is the officer competent to account administrative sanction in

such cases answer head of Department next question what is the period up to which products manufactured by a state government department will be purchased from them exclusively after they have gone into production answer for the first five years next question the cost of tender firms will be

accepted in days answer in cash or money order only next question the communication of the reason for rejection of a tender to the tenderer is answer not allowed next question a contractor is bound to accept any order for supply of any quantity of stores if he has settled for a dash answer rate

contract next question a complete physical verification of stock kept in the stationary Department should be verified on scene answer two years next question payment to the contractor by the purchasing officer will not be made answer in cash next question the custodian of electrical installation of

a government building occupied by a government office will be answer head of office next question and say general rule all wages will be forfeited if not claimed Within answer three months next question if Government materials are supplied to a contractor in special circumstances the cost will be

recovered from him answer full amount next question annual grants to libraries from government will be governed by certain rules one of the rules stipulates that dash of the grant should be used for purchases of new books for the library answer 75 percentage next question what is the maximum amount

that can be paid to the family of a government servant who dies in harness at his place of Duty at trivandrum for transportation of his body to his native place of palakkad and Sir ta eligible for the journey after retirement next question a government servant applied for house building advance in

July 2015. with effective from first September 2015 he is working on deputation in Kerala University what is the condition under which house building advance can be sanctioned to him after 1st September 2015. answer the repayment During the period of deputation is to be guaranteed by University

next question what is the maximum number of installments allowed for repayment of cycle Advance taken by a permanent last great servant answer 20. next question the recovery of onam Advance will be noted in a recovery register to be maintained in the prescribed form who is the officer authorized to

maintain this register answer drawing officer next question an LD clerk in collectorate trivandrum was transferred to collectorate malappuram from 15 November 2015. salary up to 15 November 2015 and advanced pay was paid to him at the time of transfer how the advanced pay should be recovered answer

recovery to be made in three monthly installments from the salary of December 2015 onwards next question what is the rate of interest for the advance for purchase of mosquito Nets answer the advance is interest free deposit answer deposits of gemi Karam collections next question an office salary

bill for 4 lakh 25 000 Rupees is to be encashed from a Treasury the offices required for carrying the money from the Treasury to the office is employee next question a loss of some public money is suspected in a taluk office ilda the loss is confirmed what is the

action to be taken by the dasilda answer a preliminary report should be sent to the accountant General and through the collector to the head of Department next question a portion of a building in a high school was damaged due to lightning what is the immediate action to be taken by the Headmaster

answer should be reported immediately to the district educational officer and to the director of Public Instruction next question some government Landis proposed to be transferred to a commercial Department who is the officer all the Rays did to fix the value of the land answer District collector

next question who is the treasurer of charitable endowments in the state answer director local fund audit Department next question the list showing details of Records ordered to be destroyed should Dash answer never be destroyed next question a written government servant residing at parashala and

drawing pension from Treasury parashala dies on 1st December 2015. who is the authority to report his death to the sub treachery officer parashala answer Village officer parashala next question the auditor stores and stock accounts in an office will be conducted by the controller

and auditor general in accordance with the provisions in dash answer clones 17 of c and ages act 1970 on next question an advertisement is proposed to be published in news Purpose By A government Department who is the authority to approve the rate of advertisement charges answer director

information and Public Relation Department next question which one of the following offices is not authorized to in the Secret Service expenditure answer controller of examination Kerala Public Service Commission next question an advanced amount will be given to the family of a government servant

who dies while in service in deserving cases the authority to take decision for payment of the advance is answer head of office or Department next question Arnold requirements of stores or articles required for each office for each Financial year should be prepared in the prescribed form and sent

it to the competent Authority note later than answer first February of previous Financial year who is the officer or the residue to address the entries regarding deduction of Lac premium of a non-gazette officer answer drawing officer next question if Lac premium is to be deducted from the salary

of a non-gasited officer he should inform his drawing officer once deduction is started from the salary it is the duty of days to ensure that the premium is detected from the salary every month answer policy holder next question the washing charges of uniforms supplied to last grade servants will

be made from and some office expenses next question when does a claim for traveling elements will become due for payment answer immediately after the close of the month in which Jane is performed next question a government servant dissect 5 am on 30th November 2015. his eligibility for paid

allowances for the month is 4 days Days answer 30 days next question a responsible officer of a government Department should inspect all perishable once in dash answer every half year next question for departmentally executed Works separate Master roles should be prepared for days answer every

month next question who is the authority Combi tend to sanction discretionary grants in addition to the offices in the Revenue department answer the governor next question what is the amount of annual contribution payable to the tramangur devasam board by the government as per the

provision in the constitution of India answer 46.5 lakhs rupees next question Desh is not an endurance bearing advance Kerala Financial code exam um foreign foreign

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This article was written by

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I am an individual investor. My main focus on investing is to achieve capital appreciation by selecting high value and compelling growth opportunities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Watch BNN Bloomberg live.

The Department of Finance announced a plan to re-open its second green bond this week.

The federal government made the announcement in a news release Tuesday, adding that the re-opening of the bond is subject to market conditions. According to the Department of Finance, the intent is to continue with two transactions in the 2024-2025 fiscal year to meet a target for green bond issuances the government outlined in its 2024 budget. The bond’s re-opening on Tuesday will mark one of the transactions, the release said, and another will take place “at a later date.”

“The Government of Canada’s green bonds will meet demand from investors seeking green investment opportunities backed by Canada’s AAA credit rating while contributing to the development of a stronger sustainable finance market in Canada,” the Department of Finance said in the release.

The re-opening comes after the issuance of a 10-year $4 billion green bond in February, which the government said saw “robust investor demand” noting the final order book totalled $7.4 billion.

The Department of Finance highlighted that the issuance in February was the second green bond issued by the federal government, the first being a 7.5-year $5 billion green bond in March 2022.

“Canada’s green bond program is supporting the growth of the sustainable finance market in Canada, and around the world, and advancing Canada’s investments in clean growth, renewable energy, climate action, and environmental protection,” the release said.

“Green bonds unlock private financing to speed up projects such as green infrastructure and nature conservation.”

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Ottawa announces plan to re-open its second green bond

The Department of Finance announced a plan to re-open its second green bond this week.

BNN Bloomberg

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(Bloomberg) — Chief executive officers in Canada are getting more concerned about the domestic economy, though most are still bullish on their own companies’ prospects over the next few years, according to a survey commissioned by KPMG.

Most Read from Bloomberg

Almost 60% of Canadian CEOs say economic uncertainty is their biggest current challenge — slightly higher than the 53% of CEOs globally who said that. The proportion of top executives who expressed confidence in the three-year growth outlook for Canada’s economy was 83%, a decline of six percentage points from last year.

KPMG’s annual CEO survey underscores weakening confidence by corporate leaders — a fact that’s also illustrated by soft business investment data. Recent figures from Statistics Canada point to an economy that expanded at a 1% annualized pace in the third quarter, well below the Bank of Canada’s forecast.

The central bank will release updated projections for the economy on Oct. 23, the date of its next interest rate decision.

Executives of smaller businesses appear to be a little more optimistic than the heads of larger companies about growth for the economy and for their own firms, the survey KPMG said. But they’re more worried about “growing protectionist attitudes,” the advisory firm said.

KPMG surveyed 1,325 CEOs globally of companies with more than $500 million in revenue, including 75 in Canada. It also polled 735 leaders or owners of small- and medium-sized Canadian businesses.

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CEOs in Canada Are Growing More Worried About Growth, KPMG Says

(Bloomberg) -- Chief executive officers in Canada are getting more concerned about the domestic economy, though most are still bullish on their own companies...

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welcome geniuses i’m g your best buddy for a levels in this channel we’ll bring you to explore the secret formula behind success it stated here that she cooks she bakes she sings notice how it never states how well she does it though but i’m an eternal optimist so

i’m sure her singing’s on par with gordon ramsay and her cooking is on par with lady gaga leticia is a first year Accounting and Finance student

at lse and this is her master class hi guys my name is leticia and i study Accounting and Finance at the london school of economics and political science now

right off the bat what needs to be shown in an Accounting and Finance personal statement a good personal statement will be one that is academic oriented so

what it means by that is a writing that does not simply talk about why you want to do the course and your experiences that led to your interest in the course but a writing that is very course specific and it should express your interest and eagerness to study the course so you cannot be vague about

this you have to choose topics that are relevant to all aspects of your course so in this case you would have to talk about both Accounting and Finance and

lse recommends that you split 50 50 between Accounting and Finance so lsu also advises that you split it 75 25 between academic and non-academic interests

another thing that should be shown in your ps are your qualities so the universities are looking for students with ambition so remember to keep in mind that you do not have to sit for an interview or sit for any entrance exams for this course so your ps will be the only way to convince the

admissions officer that you deserve the spot to study the course and so remember to showcase your strengths and qualities that’s very mathematical how do you structure your personal statement so a typical ps would start with an introduction to why you’re interested in the course and

then followed by the main portion of your ps which is your academic research and then your learning experiences and pursuits such as an internship you have done and then extracurricular activities and then finally a conclusion so i structured my ps into three main parts the first part was the

introduction where i chose the personal route and talked about an experience that sparked my passion and led me to choose this course while also stating my intentions and goals to financially direct the company in the future this doesn’t have to be super elaborate just keep it authentic and

meaningful the second part was the main body which i divided into two parts which was first my academic research and then second about my job shadowing experience so for the academic part you could write about a case study about a book that interests you or any other relevant topic to

Accounting and Finance that interests you so for me i wrote about my research into different airlines and basically wrote about what caused specific

companies to go bankrupt and what allowed others to emerge from it and then after that i linked my findings to subjects i learned at a level in the next part i wrote about my job shadowing experience at a bank which i did during my semester break but don’t worry if you haven’t had any

formal experiences like this because it could be anything that you’ve done or learned on your own which shows you have a passion for this course and that you’re continuously seeking to acquire the necessary skills for it in the last section i wrote about my extracurricular activities

and how it helped develop my soft skills so keep this concise and straight to the point and remember to highlight your relevant soft skills and strengths which makes you competent in a professional environment such as your leadership or management skills i kept my conclusion short i just wrapped it

up by emphasizing my desire to pursue this degree and acknowledging the ways in which technology will affect the job scope of accountants and how this degree is crucial to understand the business language from its core how about showing passion on paper that can’t be too easy to show

passionate engagement with the course settle with one or two relevant topics that you wish to talk about and elaborate on it by supporting it with reading and then always state what you learned from it and while referencing books is highly recommended it is not always necessary as you can always

talk about a certain case study or a company that you find interesting which would be just as good and i personally did not include any books to show that you’re passionate about the course you should also talk about what you’ve done that shows that you have made an effort to learn more

about the course or develop your skills this could be anything from doing an internship or doing an online course like coding for example and stating how important it is in the in the modern world how did you choose which topics to write about was it based on current issues i think that choosing a

topic based on current issues would be a good choice as it would be more interesting for the reader especially in these financially challenging times there are many topics to choose from you could possibly choose to talk about a specific company or a sector that is undergoing financial struggles or

had an interesting story or alternatively you could talk about technology such as blockchain and how it could affect the future of accountants how in-depth should you elaborate on these topics because like you said there’s no interview process whereby universities can decision your grasp on

the subject the elaborations don’t have to be too lengthy one to two paragraphs will do as you have a limited character count so choose your words wisely and avoid using jargon as it only makes it harder for them to understand your point and avoid using a repetitive sentences and always

remember to link it back to Accounting and Finance at the end right you mentioned personally not including books in your personal statement was there any

particular reason you chose to do so i personally chose not to include any books honestly just because i didn’t read any relevant ones that i felt like including but i would still highly recommend that you do but avoid using books that are too commonly used in personal statements such as

robert kiyosaki’s rich dad queer dad you spoke earlier about your work experience how do you think it benefited your personal statement i think that it showed that i am certain about my career path and that i am very passionate about wanting to learn this course also that i was able to gain

insight into the work life and experience the whole professional environment what do you think is a common blunder when writing a personal statement i find that most people applying for this course tend to have an interest in business or entrepreneurship and therefore tend to get carried away

talking about their past experiences about selling things when they were a kid which is completely fine but just remember that there are thousands of other applicants and this is pretty common so my advice when writing about your past experiences or hobbies would be to keep it straight to the point

and remember to more importantly highlight your learning experiences from them finally let’s talk about tackling the personal statement starting to write your ps can be daunting and i had no idea where to begin so my advice is not to worry about the character count or sentence structure when

starting off just pick a topic do your research and write everything that comes to mind as this will give you the momentum you need to start after that you can always get help from friends and family to help you edit and structure your sentences and also at the end make sure to get a few people to

proofread your ps in case you’ve made any grammar mistakes and always get some constructive feedback from them and lastly i would advise you to read through your seniors personal statements and find common characteristics between them so you get an idea of what a good personal statement

should look like i hope this was helpful and i wish you guys all the best bye that’s all for today’s CashNews.co if you’re interested in more genuine sharing by other geniuses please subscribe to our channel and don’t forget to turn on the notification bell ding dong genie

will see you in our next adventure bye bye you

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Nvidia (NASDAQ: NVDA) stock sent investors on a wild ride so far in 2024. It was trading at a stock split-adjusted price of around $48 at the start of the year. The price got as high as $140.76 at one point in mid-June, then plunged to $99 by early August before recovering enough to trade around $130 a share by mid-August. It then fell 21% over a few weeks to trade around $103 in early September before recovering somewhat this past week, and it now trades around $118.

Whew. A wild ride indeed.

It’s somewhat understandable, of course. As the focal point of the artificial intelligence (AI) boom, Nvidia carries a lot on its shoulders, and expectations are sky-high for this tech stock. Even after beating consensus estimates in its last earnings report, the stock price still slipped. Apparently, Wall Street felt it didn’t beat their estimates by enough. While the stock’s price trajectory is currently on the upswing, investors are hyper-tuned to its performance and any indication of where it may be headed.

It might interest investors, then, that Nvidia’s CEO, Jensen Huang, has been selling some of his Nvidia holdings. In the last month alone, Huang sold 720,000 shares totaling about $78 million.

What does it mean that Nvidia’s chief is offloading shares?

This latest sale isn’t his first cashing in on shares. Since just the start of July, Huang has sold over 4 million shares worth roughly $500 million. At first glance, this might be seen as a sign that the person who knows the business the most intimately thinks the stock price is going to drop (or that there’s trouble ahead). But a more thorough analysis shows it’s not. Although I can’t know Huang’s exact thinking, there’s no reason to take these sales as a cause for worry.

The simpler explanation comes down to the cost of living. The vast majority of Huang’s net worth is tied up in Nvidia stock. Unfortunately, you can’t buy a hamburger (or a super yacht) with stock — at least not easily. Cash is king, as they say. It is far more likely that Huang is simply liquifying a tiny portion of his massive net worth — valued at around $100 billion today — to have some cash on hand.

The Securities and Exchange Commission (SEC) has rules around executives buying and selling their own company’s stock. To avoid any suspicion of insider trading (as well as tamp down potential transaction-related public panic), SEC rule 10b5-1 allows executives to release public plans that outline predetermined, automated stock transactions handled by a neutral entity. While it may look like Huang just sold this stock, he actually decided to do so months ago and did it in a way that suggests he had very little influence on the price.

Story continues

Tracking insider trading can be interesting, but most of the time it means a lot less than it might first seem to.

Nvidia is steaming ahead

As far as Nvidia’s future stock performance, the path ahead has gotten far more complicated, but I still think it’s in a strong position. The company’s latest quarterly earnings report showed continued growth — it more than doubled its revenue year over year. The thing investors have to remember is that the major inflection point for Nvidia was the second quarter of last year, so it’s natural that the year-over-year growth has cooled a bit from the 200%-plus growth we saw in the last three quarters. Just look at the revenue explode in 2023 in this chart below.

NVDA Revenue (Quarterly) Chart

While there was some concern that Nvidia could keep the growth going, many of the fears people had didn’t materialize. Concern over a delay in Nvidia shipping its latest generation of superchips was overblown, and demand for its current generation remains extremely strong. Rising concerns around a lack of real-world value for AI potentially hurting Nvidia’s clients and reducing their spending has also not yet happened. Companies like Amazon, Meta Platforms, and Alphabet are still locked in an AI arms race, and most are expecting to increase their spending, not reduce it.

More customers may be around the corner, too. Though Nvidia’s data center revenue is highly concentrated in big tech, we could soon see a broader set of commercial clients and even governments begin to invest in earnest. This would be a boon for Nvidia. Government-related contracts can be an extremely lucrative source of revenue and one that is slow to change once the relationship is formalized, providing an additional level of stability.

Finally, the company’s push into the automotive industry is only just ramping up. In the short term, AI-powered infotainment and safety features will drive revenue, but further on the horizon lies the real prize: Self-driving cars.

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The CEO of Nvidia Just Sold $78 Million Worth of His Company’s Stock. Here’s What Investors Need to Know. was originally published by The Motley Fool

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The CEO of Nvidia Just Sold $78 Million Worth of His Company's Stock. Here's What Investors Need to Know.

Why is Jensen Huang selling Nvidia stock?

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