The EU’s stockpile of natural gas is at the highest level for April since 2011. That means some EU states could phase out imports of Russian LNG, the bloc’s energy commissioner said. It would also entail increasing the share of renewables and further diversifying sources, Kadri Simson told the FT. Loading Something is loading. Thanks… Continue reading A full phaseout of Russian liquefied natural gas is possible for some EU states, energy commissioner says
Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
Nvidia shares could rise 23%, Bank of America said in raising its price target on the chipmaker. AI workloads are rising and Nvidia’s specialized hardware should benefit from stronger sales. Nvidia shares have jumped 90% in 2023 as interest in AI is fueled by ChatGPT. Loading Something is loading. Thanks for signing up! Access your… Continue reading Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
US stocks trade mixed as investors assess wave of earnings results from big companies
Jennifer Sor Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020 Lucas Jackson/Reuters Stocks traded mixed on Tuesday as investors digested the wave of earnings reports from big firms. Markets initially saw a boost over strong economic growth in China, but reversed gains midday. Investors… Continue reading US stocks trade mixed as investors assess wave of earnings results from big companies
Housing stocks are surging after data shows new home construction jumped in March
The iShares U.S. Home Construction ETF climbed Tuesday with shares of the country’s largest home builders rising. The ETF rose after data showed housing starts for single-family homes rose 2.7% in March. The ETF has jumped this year and may be signaling better conditions for home builders. Loading Something is loading. Thanks for signing… Continue reading Housing stocks are surging after data shows new home construction jumped in March
Bank of America CEO Brian Moynihan says inflation signs are ‘tipping down,’ but there’s still a mild recession headed for the US economy
Bank of America’s CEO predicted the US economy will fall into a “slight recession.” Brian Moynihan told investors that he sees signs of inflation “tipping down” during an earnings call. “Everything points to a relatively mild recession given the amount of stimulus that was paid to people and the money they have left over.” Loading… Continue reading Bank of America CEO Brian Moynihan says inflation signs are ‘tipping down,’ but there’s still a mild recession headed for the US economy
Investors who ‘sell in May and go away’ this year could miss a big summer rally in the stock market, Bank of America says
Investors that follow the old Wall Street adage “sell in May and go away” could miss a summer rally this year, according to Bank of America.The bank found that the stock market tends to rally during the summer of the third year of a presidential cycle.”Instead of ‘sell in May and go away’ it should… Continue reading Investors who ‘sell in May and go away’ this year could miss a big summer rally in the stock market, Bank of America says
Ray Dalio says fewer countries want to hold the dollar as China trade grows and Russia sanctions expose new risks
Global central banks are less willing to hold the dollar, billionaire investor Ray Dalio said. One reason is that China’s share of global trade is rising while the US share is falling. Another is that Western sanctions against Russia have exposed new risks for holding dollar assets. Loading Something is loading. Thanks for signing up!… Continue reading Ray Dalio says fewer countries want to hold the dollar as China trade grows and Russia sanctions expose new risks
US stocks edge higher as traders get ready for a big week of corporate earnings
Morgan Chittum Spencer Platt/Getty US stocks rose Monday as investors braced for earnings season to get fully underway this week. Results from the big banks so far have mostly exceeded Wall Street’s expectations. Morgan Stanley, Netflix, and Tesla are all set to report first quarter results this week. Loading Something is loading. Thanks for signing… Continue reading US stocks edge higher as traders get ready for a big week of corporate earnings
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