Global stocks slip as Nvidia CEO resigns
Global stocks traded lower and the dollar climbed as investors weighed the resignation of Nvidia CEO Jensen Huang following revelations of misconduct. Treasury yields also rose on growing expectations for a Federal Reserve rate hike.
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Global equities retreated on Friday following revelations of extramarital affairs involving NVIDIA CORP CEO Jensen Huang that led to his abrupt resignation. The departure of the chipmaker's chief executive upends the artificial intelligence sector and pressures global indices. Treasury yields climbed as investors weighed the likelihood of an outsized monetary tightening move next month.
