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Nvidia announced plans to split its stock 10-for-1, meaning existing shareholders will receive 10 shares of Nvidia for every 1 they own at a price of 10% of the market value. Historically, stocks tend to perform well after a stock split, with an average return of more than 25% in the 12 months following a split. Nvidia also announced a significant increase to its dividend, hiking it from $395 million annually to nearly $1 billion annually. Nvidia's stock has massively outperformed the market recently, gaining over 2,600% in 5 years versus 120% for the Nasdaq.
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Bourse news
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Investor Center
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Thunderstorms expected Bank Holiday Sunday.
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Hamish Hodder
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The FCA
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Members of Tenby RNLI were involved in a dramatic sea rescue on Saturday evening that saw a casualty pulled from the water after a yacht was destroyed by fire.<br/>Emergency services including - fire and ambulance crews were all on the scene at Tenby harbour for several hours whilst the Tenby’s all-weather lifeboat the Haydn Miller conducted checks around the locality for any further casualties.<br/>The lifeboat was tasked to launch just after 7pm on Bank Holiday Saturday, May 25, following a report of smoke sighted offshore by a member of the public at Stackpole.<br/>The Tenby volunteer crew were quickly on the water and as they rounded St Margaret’s Island just off Caldey, they spotted smoke on the horizon, some 12 miles south.<br/>On reaching the scene, they found a 35ft yacht which had been almost totally destroyed by fire and the occupant of the yacht in the water, barely afloat and disappearing under the surface. <br/>A crew member immediately entered the water to keep the casualty afloat, whilst the remaining crew readied to bring him aboard. Once onboard, casualty care was administered, while the lifeboat made best speed to the harbour at Tenby, where multiple Welsh Ambulance resources were waiting.<br/>With the casualty unable to confirm if he was alone on the yacht or not, the lifeboat headed back to the scene to commence a search, where they were also joined by Angle all-weather lifeboat and Coastguard rescue helicopters from St Athan and Newquay in Cornwall.<br/>Having thoroughly searched area for several hours in choppy seas and heavy rain and with nobody else reported missing, the search was brought to an end and all assets stood down, with the lifeboat returning to station, arriving just after 1am.<br/>“We’d like to thanks our colleagues at Milford Haven Coastguard, Angle Lifeboat RNLI and Coastguard rescue helicopters from St Athan and Newquay for their help in this complex search and also to the Welsh Ambulance service and Tenby Fire Station,” said a spokesperson for Tenby RNLI.<br/>“I was a great multi-agency effort.”
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The Finance Storyteller
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Iowa League of Cities
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This is the Met Office UK Weather forecast for the weekend 16/05/2024. Saturday is expected to be the driest and warmest day of the Bank Holiday weekend as throughout Sunday it will turn cooler and more unsettled with a risk of showers lasting into Monday as well, these could turn heavy and possibly bring a risk of thunderstorms. However, many places may get away with a dry day on Sunday and Monday and it will still feel fairly pleasant in the sun Bringing you this weekend’s weather forecast is Annie Shuttleworth. <br/> <br/>You may also enjoy: <br/>– Podcasts exploring weather and climate https://www.youtube.com/playlist?list=PLGVVqeJodR_brL5mcfsqI4cu42ueHttv0 <br/>– Daily weather forecasts https://www.youtube.com/playlist?list=PLGVVqeJodR_Zew9xGAqYVtGjYHau-E2yL <br/>– Deep dive in-depth forecasts https://www.youtube.com/playlist?list=PLGVVqeJodR_ZGnhyYdlEpdYrjZ-Pmj2rt
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Bank for International Settlements
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Investor Center
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