Arm became the biggest IPO in the US since 2021 when it made its market debut on Thursday. Its stock rose 25% – with retail investors keen to jump on the bandwagon of AI-related stocks. Fidelity users placed over 20,000 buy orders on Thursday, Bloomberg reported. Loading Something is loading. Thanks for signing up! Access… Continue reading Retail investors pile into Arm stock on the first day of trading, seeking greater exposure to the AI boom
US stocks jump as consumers remain strong despite inflation pressure
Filip De Mott TIMOTHY A. CLARY / Getty US stocks jumped Thursday as consumers remained strong despite inflationary pressures. Retail sales in August climbed 0.6% from the prior month, well above estimates for a 0.1% uptick. Wholesale inflation was higher than expected, after consumer inflation also came in hot. Loading Something is loading. Thanks for… Continue reading US stocks jump as consumers remain strong despite inflation pressure
Investors are ignoring a big threat to stocks – and putting too much faith in the Fed, ‘Bond King’ Bill Gross warns
Investors are overlooking the risk to stocks from a sharp rise in real bond yields, Bill Gross says. The “Bond King” is skeptical the Fed will achieve 2% inflation and cut interest rates anytime soon. Gross warned the US economy relies on asset prices rising, putting it at risk if they don’t. Loading Something is… Continue reading Investors are ignoring a big threat to stocks – and putting too much faith in the Fed, ‘Bond King’ Bill Gross warns
Binance’s CEO says signing up another 100 million crypto users will be a big challenge until they can buy crypto with cash
Binance CEO says difficulties in converting fiat currencies like the dollar to crypto are a big hurdle to bring in the next 100 million users. “We’re seeing a lot of traditional institutions that used to provide fiat ramp channels pull away,” said Changpeng Zhao. Zhao was speaking at the crypto event Token2049 in Singapore. Loading… Continue reading Binance’s CEO says signing up another 100 million crypto users will be a big challenge until they can buy crypto with cash
Warren Buffett’s Berkshire Hathaway sells $158 million of HP stock in 3 days, taking its stake below 12%
Warren Buffett’s Berkshire Hathaway cashed out $158 million of HP stock in three days this week. The investor’s company still owns 11.7% of the PC maker, a position worth around $3.3 billion. HP stock hit a record high last year after Berkshire revealed its stake, but is down 32% since then. Loading Something is loading.… Continue reading Warren Buffett’s Berkshire Hathaway sells $158 million of HP stock in 3 days, taking its stake below 12%
The stock market bull run is in its ‘twilight’, Fidelity’s global macro head says
Despite a flat start to September, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up by over 16% so far in 2023, but one expert sees the rally losing steam. The secular bull market for equities is in its “twilight”, according to Fidelity Investments’ global macro head Jurrien… Continue reading The stock market bull run is in its ‘twilight’, Fidelity’s global macro head says
‘iPhone spec updates are largely minor’: Here’s what Wall Street is saying about Apple’s iPhone 15 event
Apple unveiled its iPhone 15 and Apple Watch Series 9 on Tuesday, with the products set to launch next week. Wall Street’s reaction to Apple’s product announcements was mixed. “iPhone spec updates are largely minor with starting price maintained (ex-Pro Max), JPMorgan said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading ‘iPhone spec updates are largely minor’: Here’s what Wall Street is saying about Apple’s iPhone 15 event
The housing market is about to get a lot more expensive for millennials and Gen Z
Student loan payments are set to resume in October, and that will weigh further on home affordability. Gen Z and millennials looking to buy a home will be squeezed particularly hard. A recent Moody’s report found roughly 5 million borrowers will resume paying about $275 a month. Loading Something is loading. Thanks for signing up!… Continue reading The housing market is about to get a lot more expensive for millennials and Gen Z
Recent Post
