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Month: May 2022

A man wearing a mask walks past an Nvidia logo in Taipei.

Nvidia misled investors about impact of crypto mining on its business, SEC alleges

By Brian Fung, CNN For years, video gamers have blamed shortages of PC graphics cards on cryptocurrency enthusiasts, who have snapped up growing numbers of the devices to generate digital coins. The pandemic, along with the Trump administration’s tariffs on Chinese imports, have only made the situation worse, leading to skyrocketing retail and aftermarket prices.

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A pedestrian carries shopping bags in the Herald Square area of New York

Consumer debt soared by $52 billion in March

By Alicia Wallace, CNN Business Americans are racking up debt at record rates. Consumer debt levels for March 2022 climbed by $52.4 billion, an annual increase of 14%, seasonally adjusted, according to Federal Reserve data released Friday. Revolving credit, which includes credit cards, surged by 21.4%. Despite robust wage growth — over the past 12

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