AI-driven growth will fuel the tech rally into the year’s end and beyond, Wedbush Securities Dan Ives said. The bull run will continue despite uncertainty over the Fed’s interest rates and an elevated 10-year Treasury yield. Tech spending has been stable in the third quarter, laying the groundwork for further gains Loading Something is loading.… Continue reading Tech stocks will rally through year-end and beyond despite Fed fears as ‘tidal wave’ of AI spending drives new bull market, Wedbush says
Russia’s energy trade is making a comeback amid soaring global oil prices
Russia’s oil and gas trade is on the up after more than a year of struggling in the face of sanctions. The nation is expected to make $7.6 billion this month from oil and gas sales, Reuters estimates. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Russia’s energy trade is making a comeback amid soaring global oil prices
What Jerome Powell says now matters more than what the Fed actually does
It’s highly unlikely the Federal Reserve will raise interest rates again Wednesday. But traders will be closely eyeing Jerome Powell’s post-decision press conference. The Fed chair is expected to signal that borrowing costs could stay higher for longer, with the fight against inflation not yet over. Loading Something is loading. Thanks for signing up! Access… Continue reading What Jerome Powell says now matters more than what the Fed actually does
The stock market’s current valuation is ‘a really good deal’ for long-term investors trying to build wealth, Wharton professor Jeremy Siegel says
The stock market’s current valuation represents “a really good deal” for investors, according to Wharton professor Jeremy Siegel.The S&P 500 is trading at a forward price-to-earnings ratio of about 19x, slightly above its historical average.Siegel expects the stock market to hold up relatively well into year-end despite high interest rates and a rising US dollar.… Continue reading The stock market’s current valuation is ‘a really good deal’ for long-term investors trying to build wealth, Wharton professor Jeremy Siegel says
US stocks fall with rates in focus as Fed kicks off policy meeting
Jennifer Sor Federal Reserve Chair Jerome Powell, left, and Randal Quarles, vice chair for supervision, gather their things at the end of a Federal Reserve Board meeting to discuss proposed rules to modify the enhanced prudential standard framework for large banking organizations, Wednesday, Oct. 31, 2018, at the Marriner S. Eccles Federal Reserve Board Building… Continue reading US stocks fall with rates in focus as Fed kicks off policy meeting
Apple rises after strong iPhone 15 pre-orders suggests demand is outpacing supply
Apple stock jumped as much as 2% on Monday after reports said the iPhone 15 is seeing strong pre-orders.Wedbush and Goldman Sachs both said that internal checks suggest demand is outstripping supply for the new iPhone.”We view the extended lead times for the iPhone 15 Pro and iPhone 15 Pro Max as a positive indication… Continue reading Apple rises after strong iPhone 15 pre-orders suggests demand is outpacing supply
Foreign investors are shunning Chinese stocks and bonds as Beijing’s economic headache builds
Foreign investors are shunning Chinese assets as the country’s economic recovery falters. They offloaded $188 billion worth of stocks and bonds between December 2021 and June 2023, per Bloomberg. The outflows come with Beijing battling to shore up a crisis-hit property sector and revive growth. Loading Something is loading. Thanks for signing up! Access your… Continue reading Foreign investors are shunning Chinese stocks and bonds as Beijing’s economic headache builds
Oil hovers near $95 a barrel as global crude surges to its highest level in 10 months
Oil prices climbed and were hovering near $95 a barrel on Monday. Brent crude, the international benchmark, climbed 0.54% to $94.43. US oil prices also rose. Saudi Arabia and Russia recently extended their supply cuts, while global demand remains robust. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Oil hovers near $95 a barrel as global crude surges to its highest level in 10 months
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