Is Broadcom Stock the Next Nvidia?
Since the launch of OpenAI's ChatGPT in late 2021, many tech companies have enjoyed a surge in demand for data-center equipment needed to run and train large language models (LLMs).
U.S. job creation roared higher in September as payrolls surged by 254,000, but There are Strings Attached
President Joe Biden on Friday October 4, rejected Republican Sen. Marco Rubio’s claim that the robust jobs report was “fake” as the president heralded the latest positive economic news for his administration.
Tesla Q3 Deliveries Were Called 'A Step in the Right Direction'
Tesla (TSLA) reported Q3 deliveries of 462,890 vehicles, up 6.4% YoY and 4.3% QoQ. The numbers beat Wall Street consensus of 461,978 vehicles, according to Tesla.
U.S. Consumer Sentiment Rises to Five-Month High on Economy Views
U.S. consumer sentiment continued to rise in late September, reaching a five-month high on more optimism about the economy in the wake of the Federal Reserve’s interest-rate cut.
Fed Slashes Benchmark Interest Rate by 50 bps in First Cut Since 2020
On Wednesday, September 18, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020.
Long-Term Investment Opportunity: Two Dependable Dividend Stocks for Decade-Long Holdings
Lowe’s Companies (LOW) and Walmart (WMT) are recommended as long-term dividend stocks for income investors due to their consistent dividend growth and yield.
U.S. Economy and Macro Week Ahead: Key Events No-one should Miss
It starts in the week ahead with the central bank's annual conclave in Jackson Hole, Wyoming, continues in the first week of September with a seemingly make-or-break jobs report.
SEC Reacts to Court Ruling in Ripple-XRP Case
The U.S. Securities and Exchange Commission has weighed in on Judge Analisa Torres’ ruling in Ripple’s XRP case, highlighting the crypto company’s significant financial penalties and ongoing securities law violations.
Weak Jobs Report Shows ‘There’s a Strong Case’ for Fed Rate Cuts before Next Meeting
Wall Street has ramped up forecasts on how much the Federal Reserve will cut interest rates after the disappointing July jobs report raised fears of a recession, and a JPMorgan economist said there’s even an argument to be made for an unscheduled cut.
Carnival's Business Has Been Doing Well: Why is Its Stock Still Underperforming?
Carnival (CCL) has been generating strong results in recent quarters, but its stock is still nowhere near its levels before the pandemic, when shares were trading above $50.
US Economy Showing Signs of 'Goldilocks' to Start Third Quarter
The U.S. economy continues to show signs of resilient growth while inflation pressures subside.
Five of 12 Fed Districts Report Flat or Declining Economic Activity, Beige Book Finds
U.S. economic activity seemed to soften in the past two months, with five of the Federal Reserve’s 12 regions reporting flat or declining activity, a Fed survey released Wednesday found.
June U.S. Jobs Report Raises Pressure on Fed for September Rate Cut
The June jobs report sent a clear message to the Federal Reserve — the central bank risks falling behind the curve.
Tight Copper Is the New Normal
The world’s copper supplies saw major disruptions last summer, as drought and production delays in top producer Chile hampered output of the material crucial to energy transition.