Nintendo was founded in 1889 as a playing card company—nearly a century before it became a giant in the video game industry.
Originally called Nintendo Koppai, the company crafted traditional Japanese playing cards called Hanafuda. For decades, Nintendo explored various businesses, including taxi services and instant rice, before entering the toy industry in the 1960s and eventually releasing its first video game console in the 1970s. The success of hits like Donkey Kong and the NES catapulted Nintendo into global pop culture.
Now, as the company prepares to release its latest Switch successor, Nintendo remains a symbol of long-term innovation. Despite criticism over rising game prices, it continues to shape the gaming world through strong franchises and hardware leadership.
Market Wrap
Cooling CPI Fails to Calm Markets Amid Rising Yields and US-China Tensions.
March CPI Shows Cooling Inflation:
The Consumer Price Index (CPI) fell by 0.1% in March. Year-over-year, inflation eased to 2.4%, down from 2.8% in February. The drop was driven by falling gasoline and travel costs, though food prices remained elevated. The cooling trend supports future rate cuts, but tariff risks may reheat inflation later this year.
10-Year Treasury Yields Climb:
Following the CPI release, the 10-year U.S. Treasury yield rose to 4.40%, up from 4.34% the previous day.
China-U.S. Tensions Continue to Rise:
In retaliation to U.S. tariffs on Chinese goods, China announced plans to "moderately reduce" the import of American films, impacting Hollywood's access to the important Chinese market.
Markets Fall After Previous Day Relief Rally:
Despite a strong rise on Wednesday, markets resumed their decline on Thursday. While the temporary 90-day pause on new tariffs for many countries initially boosted sentiment, investors grew uneasy about what happens once the pause ends. Uncertainty over the long-term economic impact of the escalating U.S.-China trade war also resurfaced, weighing on risk appetite and reversing the prior day's gains.
Constellation Brands Inc. shares fell post-market after issuing cautious guidance for fiscal 2026, despite beating earnings expectations. Concerns over new tariffs on Mexican beer and softer consumer demand weighed on the outlook.
Warner Bros. Discovery Inc. shares plunged 12.5% after China announced it would reduce the number of U.S. film imports, impacting revenue prospects for major studios.
CarMax Inc. shares tumbled 17% after reporting lower-than-expected Q4 earnings and used-vehicle sales, prompting the company to rescind its long-term growth timelines due to macroeconomic uncertainty.
United States Steel Corp. shares plunged 9.5% after President Trump expressed opposition to its acquisition by Japan's Nippon Steel, raising concerns about foreign ownership in the steel industry.
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