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Nvidia, led by CEO Jensen Huang, could help answer a big question hanging over Wall Street when it reports earnings next week — is there an AI bubble?AFP via Getty Images Markets move on gaps between reality and expectations. I expect the gap that could emerge after Nvidia reports second-quarter earnings next Wednesday will move markets more than whatever Federal Reserve Chair Jerome Powell says on Friday in Jackson Hole, Wyoming. How so? Investors are growing worried about how much companies are investing in artificial intelligence and how few of them are getting a payoff. Unless Nvidia beats investor expectations…

Sdi Productions | E+ | Getty ImagesMortgage rates have declined in recent months, and with the potential for a Federal Reserve rate cut this fall, it’s smart for homeowners with high interest rates to start preparing for the opportunity to refinance, experts say.Last week, mortgage rates slightly edged higher. According to the Mortgage Bankers Association, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.68% from 6.67% for the week ending Aug. 15.But generally, rates have been edging down, reaching a 10-month low earlier in August.Lower mortgage rates often result in…

After years of stock market growth, many investors are sitting on large profits in taxable accounts, which could trigger hefty capital gains when sold.  That bill can be significant for wealthy Americans, with a 20% top capital gains rate, plus 3.8% net investment income tax, depending on earnings.  One solution, known as a 351 conversion or exchange, allows higher earners to transform appreciated assets into shares of new exchange-traded funds. The strategy seeds ETFs before launch, and the original investor defers capital gains until selling their shares.For some investors, the strategy is “like magic,” said certified financial planner David Haas, president of…

Ten people were injured and 90 were arrested on Wednesday after violent clashes between rival fans during a Copa Sudamericana match between Argentina’s Independiente and visiting Universidad de Chile in Buenos Aires, club officials and police said. A stun grenade was among the objects hurled by fans as the last-16 second-leg encounter of the regional competition at the Libertadores de America stadium was initially suspended shortly after half-time and eventually abandoned. In shocking and chaotic scenes, one fan of the Chilean visitors jumped from the stands to escape attacking opposing supporters after being cornered. Home supporters beat and stripped some…

DARWIN: Maaz Sadaqat’s century powered Pakistan Shaheens to an emphatic 107-run win over Adelaide Strikers in the Top End T20 Series at the DXC Arena in Darwin on Wednesday. This was Shaheens’ third victory in the event, taking their tally to six points from five matches. After electing to bat first, openers Maaz and Yasir Khan provided their team with a solid 149-run partnership. Yasir was dismissed after scoring 51 off 35 balls with the aid of five fours and a six. This was his second half-century of the tournament. Left-hander Maaz was then joined by Abdul Samad and the…

People in Tijuana, Mexico, look though the U.S.-Mexico border wall at Border Field State Park on Aug. 17, 2025 in Imperial Beach, California. Kevin Carter | Getty Images News | Getty ImagesEarly evidence suggests that White House policy is reducing the size of the immigrant labor force, in turn contributing to a recent drawdown in the overall U.S. labor pool, according to several economists.CNBC spoke with a range of economists from financial firms, economic research institutions and think tanks, and also reviewed recent research notes and analyses that economists have published on immigration and the job market.If a reduction in…

Pakistan’s medal hopes remain elusive as the nation’s top shooters missed their marks on Thursday at the Asian Shooting Championships being held in Kazakhstan. Last year, the Green Team had made history, with Kishmala Talat becoming the first Pakistani woman to qualify directly for the Paris 2024 Olympics by bagging a silver medal at the Women’s 10m Air Pistol event. She had also picked up a bronze in the 10m Air Pistol Mixed Team event with compatriot Gulfam Joseph. Pakistan’s experience at the championships so far has been considerably more humbling. In Thursday’s Men’s 10m Air Rifle, Sulaiman Khan finished…

India’s sports ministry on Thursday declared that India and Pakistan would not have any bilateral sporting ties even on neutral venues as per an unprecedented new policy but the cricket team would not be stopped from playing the Asia Cup next month as it is a multi-lateral engagement, the Press Trust of India (PTI) reported. Political tensions bet­ween the two nations over the years have cast a sha­d­ow over bilateral sporting events, causing major tournaments to hang in the balance. The countries’ teams have previously refused to travel across the border for sporting events, electing to play on neutral ground…

MEXICO CITY: Former champion boxer Julio Cesar Chavez Jr has been detained in Mexico after deportation by the United States to face shock charges of involvement with a drug cartel, Mexican authorities said on Tuesday. The son of boxing icon Julio Cesar Chavez stands accused of serving as a henchman for the powerful Sinaloa drug cartel, which Washington designated a foreign terrorist organisation this year, and of trafficking firearms and explosives. According to Mexican media, which claim to have had access to the case files, Chavez, 39, was allegedly a “hitman” used to punish members of the cartel. “He hangs…

MANCHESTER: Mohamed Salah was named the Professional Footballers’ Association Player of the Year on Tuesday, with the Egyptian becoming the first player to win the award three times after guiding Liverpool to Premier League glory. Salah, who joined Liverpool in 2017, was the Premier League’s top scorer last season, with his 29 goals, along with 18 assists, playing a key role in the Reds winning a record-equalling 20th English top-flight title with four games to spare last season, finishing 10 points ahead of runners-up Arsenal. The 33-year-old had already clinched the Premier League Player of the Season award, the Golden…