After losing half its value, Nvidia faces reckoning

Nvidia is a company that has reached the highest highs and the lowest lows, all in the span of a couple of weeks. Over the past two months, Nvidia’s stock has dropped from a closing price of $289.36 on Oct. 1 to today’s opening of $148.42, a decline of 48.8%. It takes a lot for a company to lose nearly half its value in such a short period of time, but Nvidia is proving that an otherwise strong technology business can disappear in a blink of an eye.

Toyota recalls 70,000 vehicles to replace air bag inflators

Toyota is recalling about 70,000 Toyota and Lexus brand vehicles in North America to replace air bag inflators that could explode and hurl shrapnel at drivers and passengers. Takata uses the chemical ammonium nitrate to create a small explosion and inflate the bags. The Toyota and Lexus vehicles were recalled previously and the inflators replaced with new ones that still used ammonium nitrate.

Millions of Uninsured People Could Get $0 Premium Obamacare Health Insurance—With a Catch

The Affordable Care Act (ACA), informally known as “Obamacare,” has subsidies that can make an insurance plan’s premiums very cheap. A $0 premium may sound good if your income qualifies, but that is for one of the bronze plans. Bronze plans are estimated to cover 60% of the average person’s healthcare expenses, versus the 70% that a silver plan does.

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  Millions Can Get Cheap Health Insurance, But They Are Running Out Of Time

  HuffPost
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  Why Obamacare Enrollment Has Dropped

  Yahoo View

Saudi Arabia Is Shipping 6,000 Tons of Shrimp a Week to China

The world’s largest oil exporter has shipped 6,000 tons of the crustaceans to China since last week, Ahmed Al-Bala’a, chief executive officer of the National Aquaculture Group, said in a statement. Saudi Arabia is testing the waters in China for shrimp as it seeks to reduce its reliance on oil and develop new industries and lines of business. Saudi shrimp exports to China should exceed 30,000 tons by the end of the year, said Al-Bala’a, whose closely held company operates a sprawling network of shrimp farms on the Red Sea coast.

$3B company relocating HQ from California to North Texas

A global medical technologies company is relocating its corporate headquarters from California to North Texas. The latest in a steady stream of moves from California to Texas, DJO plans to move its operations from San Diego to Lewisville within the first few months of 2019, according to a release. The company provides products that assist in injury prevention, rehabilitation and more.

Markets have yet to bottom, says investor

Bill Smead, CEO and chief investment officer at Smead Capital Management, and Brad McMillan, chief investment officer at Commonwealth Financial Network, discuss the market movement and their outlook for the next year with CNBC's "Power Lunch" team.

Here’s what smart rich people really do with their nest egg

Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.

Where McDonald's reigns as most popular brand in 50 states

Burger behemoth McDonald’s no doubt will be happy to know it has emerged as one of two brands said to be the most popular among consumers in its home state of Illinois, according to a new study of the most popular brands state by state. UPS wasn’t just one of the two most popular brands in Illinois alone. The company also was cited as the single-most popular brand in six other states, including Idaho, Utah, Arizona, New Mexico, Texas and Maryland. UPS tied with Coca-Cola (NYSE: KO) and Mercedes-Benz as the most popular brands in Georgia.

Boeing unveils new luxury VIP 777X business jet for world's wealthiest flyers (Photos)

Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.

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  Boeing needs a surge to hit year-end delivery goal

  Reuters
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  Boeing snares surprise 777 jet order from Chinese leasing giant as end-of-year order race begins

  American City Business Journals

Wells Fargo says to invest in 'bond-like stocks'

Kirk Hartman of Wells Fargo Asset Management says there are "a lot of" opportunities, but he would invest in bonds and bond-like stocks in the current environment.

Sure, Verizon blew $4.6 billion on AOL and Yahoo, but at least it isn't AT&T

Verizon wrote off $4.6 billion from its AOL and Yahoo acquisitions, an admission that Oath hasn't succeeded within the broader company. Verizon had received criticism at the time that it was too cautious around media, but staying away from big deals may have been the right move for the company. When Verizon VZ acquired Yahoo for $4.8 billion in 2016 after spending $4.4 billion for AOL a year earlier, investors and analysts were skeptical .

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  Verizon takes billions in charges for Oath, voluntary buyouts

  Reuters
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  Verizon Is Putting Oath in Its Rearview Mirror

  Meredith Videos

Bernie Madoff Victims Get $419 Million Payment 10 Years After Arrest

Another batch of compensation checks is in the works for victims of Bernard Madoff on the 10th anniversary of the con man’s arrest in New York following the collapse of his $19 billion Ponzi scheme. Irving Picard, the trustee unwinding Madoff’s defunct investment advisory firm, said in a statement Tuesday that he asked a bankruptcy court judge to authorize $419 million in distributions on approved claims, which will go out to 880 accounts. While victims will never recover the $45 billion in fake profits Madoff claimed on account statements, the trustee has focused on returning the cash they invested.

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  Could there be another Madoff?

  CNBC Videos
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  Author: People still don't realize the 'reality of Bernie Madoff'

  Yahoo Finance

3 Chip Stocks to Buy for the Next 3 Years

Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.

Oracle is suing the U.S. government over $10B Pentagon JEDI cloud contract process

Oracle filed suit in federal court last week alleging yet again that the decade-long $10 billion Pentagon JEDI contract with its single-vendor award is unfair and illegal. The complaint, which has been sealed at Oracle's request, is available in the public record with redactions. If all of this sounds familiar, it's because it's the same argument the company used when it filed a similar complaint with the Government Accountability Office (GAO) last August.

How to Retire in Germany

Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.

Samsung to shut mobile phone plant in China's Tianjin

Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world's biggest smartphone market slumps amid rising competition from lower-cost local rivals. The South Korean company has seen its share of the Chinese market shrink to 1 percent in the first quarter of this year, losing out to home-grown brands like Huawei, according to market research firm Counterpoint, which pegs Samsung's share of the pie at about 15 percent at mid-2013. "As part of ongoing efforts to enhance efficiency in our production facilities, Samsung Electronics has arrived at the difficult decision to cease operations of Tianjin Samsung Electronics Telecommunication," Samsung said in a statement, referring to the plant in northern Chinese city of Tianjin.

There could be an unlikely place to hide out if a recession is coming: Housing

The U.S. housing market has weathered all the recessions since 1980, with the exception of the Great Recession of 2008, Jefferies pointed out in a recent note. The FHFA U.S. house price index rose by an average of 7.4 percent in the year prior to a recession and prices rose an average of 2.7 percent from the start of a recession to the end, the note stated. "Other than during the GFC (Great Financial Crisis), home prices have kept rising even during recessions, probably because rates fall, the vast majority of people retained jobs and household formation continues," said Thomas J. Thornton, Jefferies' head of U.S. equity product management, in the note to clients Saturday.

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  We aren't even close to a recession, but we are going to ...

  CNBC Videos
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  'Nothing on the horizon' to suggest a recession: Bank Jul...

  CNBC Videos

GE shares fall as low as $6.66, its closing price low during the financial crisis

GE shares fell in Tuesday trading as far as the lowest close during the financial crisis. General Electric GE shares fell as low as $6.66 share in trading Tuesday, a level which marked the lowest close for the stock during the financial crisis a decade ago. Despite a brief rally after the appointment of Larry Culp as chairman and CEO, the beleaguered industrial company's stock has sold off.

• Nikkei closes at lowest since March on global growth concerns

  Reuters
• UBS Still Bullish On GE

  Benzinga