Stocks spent all of Wednesday in negative territory as uncertainty surrounding the debt ceiling and possible default weighed on sentiment. Attention was temporarily diverted by this afternoon’s release of the minutes from the latest Fed meeting, which showed “several” central bank officials supporting a pause in rate hikes. The bulk of today’s headlines centered on… Continue reading Stock Market Today: Stocks Sink on Debt Ceiling Impasse
US stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress
US stocks were mostly higher Thursday as Nvidia led a strong rally in the tech-heavy Nasdaq. The chipmaker saw its market cap close in on the $1 trillion mark after posting a glowing forecast. Meanwhile, investors are still waiting on debt ceiling updates. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading US stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress
AI is a double-edged sword that will eliminate some jobs but also help retrain workers, LinkedIn’s Reid Hoffman says
AI is a double-edged sword, which may eliminate some jobs yet has the power to reskill workers, according to the co-founder of LinkedIn. “AI can be part of the solution,” Reid Hoffman said in during an interview with Fortune. AI’s surge in popularity has sparked concern the technology could soon start replacing key jobs. Loading… Continue reading AI is a double-edged sword that will eliminate some jobs but also help retrain workers, LinkedIn’s Reid Hoffman says
The ‘AI revolution has begun’: Here’s how Wall Street is reacting to Nvidia’s jaw-dropping earnings report that added $230 billion to its market value
Nvidia soared 30% and added $230 billion in market value after its blockbuster first-quarter earnings report. The company pointed to a surge in adoption of artificial intelligence for driving its big guidance raise. Here’s how Wall Street analysts are reacting to Nvidia’s AI-driven earnings report. Loading Something is loading. Thanks for signing up! Access your… Continue reading The ‘AI revolution has begun’: Here’s how Wall Street is reacting to Nvidia’s jaw-dropping earnings report that added $230 billion to its market value
Bill Ackman jabbed at Carl Icahn, touted his new Alphabet wager, and bemoaned the debt-ceiling debacle this week. Here are the key highlights.
Bill Ackman poked at Carl Icahn, called out the debt-ceiling chaos, and touted his Alphabet wager. The Pershing Square chief talked up his other bets, including Lowe’s, Hilton, and Howard Hughes. Here are the highlights from Ackman’s first-quarter investor call and tweet on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Bill Ackman jabbed at Carl Icahn, touted his new Alphabet wager, and bemoaned the debt-ceiling debacle this week. Here are the key highlights.
Investors are wrong if they think the Fed will cut interest rates this year, a fund manager beating 91% of his competitors says
Investors need to realize the Federal Reserve won’t cut interest rates this year, Jupiter strategist Mark Nash says. Most traders expect the central bank to pause its tightening campaign at its June meeting. But “policy is still not tight enough,” Nash told Bloomberg. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Investors are wrong if they think the Fed will cut interest rates this year, a fund manager beating 91% of his competitors says
Stock Market Today: Debt Ceiling Anxiety Weighs on Stocks
Debt ceiling jitters kept stocks in the red today. While President Joe Biden said that Monday night’s meeting with House Speaker Kevin McCarthy was “productive” and that “default is off the table,” investors have yet to see signs that lawmakers are nearing a resolution. An unencouraging tweet about the debt ceiling from Punchbowl News only… Continue reading Stock Market Today: Debt Ceiling Anxiety Weighs on Stocks
Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?
If you buy cryptocurrency, are you just taking a punt on it performing well, or is it a genuine investment like buying shares and commodities? Many people have asked that question as Bitcoin, Ethereum and other cryptocurrencies have boomed in popularity over the past few years, which has brought riches to some but financial catastrophe… Continue reading Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?
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