GDP Growth Surpasses Expectations, Chinese Students Shift to Australia and Britain

Simply Economics

Consumer spending and private inventory investment lift GDP by 3%. The decline in Chinese students studying in the US raises concerns. Nvidia's stock dips despite Q2 earnings beat. The US economy grew faster than expected in the second quarter.
Sources:
https://www.pymnts.com/economy/2024/consumer-spending-private-inventory-investment-lift-gdp-3percent/
https://www.voanews.com/a/economics-tensions-blamed-for-chinese-students-shifting-from-u-s-to-australia-britain-/7764241.html
https://www.tradingview.com/news/benzinga:849eedfe5094b:0-nvidia-stock-dips-despite-q2-earnings-beat-is-the-ai-rally-fading/
https://www.thetimes.com/business-money/economics/article/us-economy-grew-faster-than-expected-in-second-quarter-v6wbdvb0p
Outline:
(00:00:00) Introduction
(00:00:42) Consumer Spending and Private Inventory Investment Lift GDP 3%
(00:03:09) Economics, tensions blamed for Chinese students shifting from US to Australia, Britain
(00:06:13) Nvidia Stock Dips Despite Q2 Earnings Beat — Is The AI Rally Fading?
(00:08:51) US economy grew faster than expected in second quarter