The scandal at Nvidia is exactly what’s wrong with the S&P 500

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Nvidia investors turned bearish before this week’s Jensen Huang saga. But the selling on Wall Street accelerated in the past few days, sending the stock toward its sixth straight weekly drop, the longest losing streak since 2012. The chip giant, which spent most of the year as the world’s most valuable company, has lost 29%…

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Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was…