Interest rate
The cost of borrowing money, as a yearly percentage.
Central banks set the base rate. Higher rates tend to weigh on the shares of fast-growing companies.
Stories using this word
Nvidia Loses $1.7 Trillion in Value After Longest Losing Streak in Over a Decade
Nvidia shares dropped for the sixth consecutive week, wiping out $1.7 trillion in market value following CEO Jensen Huang's resignation.
Norwest Closes Record $4B Fund to Target Global AI Startups
Investment firm Norwest has raised its largest fund yet at $4 billion to back artificial intelligence startups across multiple industries.
Nvidia Board Weighs Ousting CEO Jensen Huang After Reports
Nvidia's board of directors is reviewing CEO Jensen Huang's future following reports of two personal relationships.