Market Beats | NVIDIA Execs Sell $1.8B in Stock; U.S. Port Strike Ends; EU Imposes 45% Tariff on Chinese EVs; Mexico City Cracks Down on Airbnb Subletting; Zuckerberg Becomes World’s 2nd Richest

1. NVIDIA Executives Sell $1.8 Billion in Stock

2. U.S. Port Workers End Strike

3. EU to Impose 45% Tariff on Chinese Electric Vehicles

4. Cisco Invests in CoreWeave

5. Mexico City Limits Airbnb Subletting

6. Zuckerberg Becomes World’s Second-Richest Person

7. U.S. Jobs Report Surprises to the Upside

1. NVIDIA Executives Sell $1.8 Billion in Stock

Washingtong Service统计数据显示，2024年英伟达的高管和经理，总计出售接近1,100万支股份，创下2020年来的新高。

虽然这对公司全部流动的245亿支股票来说并不可观，但是现在英伟达推迟Blackwell芯片的时间线，投资者们已经非常不满。

CEO黄仁勋近期完成了600万支股票的出售，高管马克·史蒂文斯还将出售300万支股份。

6月中旬至9月中旬，黄仁勋出售了7.13亿美元的股票，但他依旧持有超过千亿美元的股份

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2. U.S. Port Workers End Strike

Today, two major unions — the International Longshoremen’s Association and the U.S. Maritime Association — issued a joint statement saying they will extend the current labor contract until January 15 and temporarily end the three-day strike.

Port operations are set to resume Friday morning, while negotiations will restart. The union is reportedly pushing for a 62% wage increase.

Analysts and industry leaders warned the strike could cost $3–5 billion per day.

Despite only lasting three days, supply chain firm project44 estimates it will take a month to clear the resulting cargo backlog.

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3. EU to Impose 45% Tariff on Chinese Electric Vehicles

Sources reveal that the EU has voted to impose tariffs of up to 45% on electric vehicles imported from China, effective for five years.

Given the €739 billion in trade between the EU and China last year, the EU was initially hesitant to implement such a steep tariff.

China and the EU are continuing negotiations, seeking alternatives to tariffs — such as price or export volume controls.

Sales of Chinese EVs in Europe plunged 48% in August, hitting an 18-month low.

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4. Cisco Invests in CoreWeave

Sources say Cisco Systems has agreed to invest in cloud computing firm CoreWeave at a $23 billion valuation.

The deal includes $400–500 million in stock sales by existing shareholders and employees.

CoreWeave is reportedly planning to go public next year. Its current backers include NVIDIA, Magnetar Capital, Coatue Management, Jane Street, and Fidelity.

All of CoreWeave’s data centers use NVIDIA chips.

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5. Mexico City Limits Airbnb Subletting

To control rising housing costs, lawmakers in Mexico City have passed new regulations that ban property owners from renting to tourists on platforms like Airbnb for more than 180 days per year.

Officials say the policy is intended to level the playing field for hotels and support the hospitality industry by limiting the oversupply of short-term rentals.

Many remote workers from the U.S. have relocated to Mexico City for its affordability and lifestyle.

However, some lawmakers argue the policy infringes on property rights.

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6. Zuckerberg Becomes World’s Second-Richest Person

With Meta’s stock surging, Mark Zuckerberg’s net worth surpassed Jeff Bezos on Thursday, making him the world’s second-richest individual.

Zuckerberg’s net worth has now reached $206.2 billion — $11 billion more than Bezos, but still $50 billion behind Elon Musk.

Meta’s Q2 earnings exceeded expectations, boosting its stock 23% and reaching an all-time high of $582.77 per share.

Meta has heavily invested in data centers and computing power to gain a competitive edge in AI.

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7. U.S. Jobs Report Surprises to the Upside

According to new data from the Bureau of Labor Statistics, U.S. non-farm payrolls rose by 254,000 in September — a six-month high and well above expectations of 150,000. The unemployment rate dropped to 4.1%, and hourly wages increased by 0.4%.

These figures suggest the labor market remains healthy, with layoffs at relatively low levels.

Fed Chair Jerome Powell stated this week that rate cuts are aimed at supporting job market strength and that fighting inflation no longer requires sacrificing employment.

The upbeat jobs report gives a political boost to Vice President Kamala Harris’s campaign.

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This content is sourced from Financial Times, Bloomberg, and The Real Deal, among other financial news outlets.