US stocks jumped Friday on reports the White House and Republican leadership are nearing a deal to raise the debt ceiling. A potential deal could raise the $31 trillion debt limit for two years. The Fed’s preferred inflation gauge showed price pressures rose in April. Loading Something is loading. Thanks for signing up! Access your… Continue reading Dow jumps more than 300 points as Biden, McCarthy appear set to reach a deal to raise the US debt limit
US stocks rise as White House and Republican lawmakers near deal to raise the debt ceiling
US stocks rose Friday following reports lawmakers are nearing a deal to raise the country’s debt ceiling. Negotiators looked set on working to finalize an agreement before a June 1 deadline. Inflationary pressures showed up in the core PCE index for April. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading US stocks rise as White House and Republican lawmakers near deal to raise the debt ceiling
Nvidia has blown away its longtime rival Intel this year as the AI craze fuels massive stock gains
Nvidia’s shares surged Thursday after it issued a sales forecast that dwarfed Wall Street’s expectations. The chipmaker’s stock has gained a staggering 160% within the first five months of this year. Longtime rival Intel is up just 4% over the same period. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Nvidia has blown away its longtime rival Intel this year as the AI craze fuels massive stock gains
A secretive US hedge fund has likely notched a $5 billion gain on Nvidia stock this year as the AI boom rages on
A low-profile US hedge fund has probably made a $5 billion gain on Nvidia stock this year. Jennison Associates’ nearly 1% stake in the microchip maker is worth around $8.6 billion today. Nvidia shares have surged by about 160% this year as investors bet it will profit from the AI boom. Loading Something is loading.… Continue reading A secretive US hedge fund has likely notched a $5 billion gain on Nvidia stock this year as the AI boom rages on
The US’s borrowing is a threat to the dollar even though the debt-ceiling drama looks like it’s coming to an end, Jim Grant says
Unchecked US borrowing could end up threatening the dollar’s long-term dominance, according to Jim Grant. Promises to cut spending will likely be “negated and forgotten,” he told CNBC. Fears about the government defaulting on its debt repayments have weighed on demand for dollar-denominated Treasury bonds. Loading Something is loading. Thanks for signing up! Access your… Continue reading The US’s borrowing is a threat to the dollar even though the debt-ceiling drama looks like it’s coming to an end, Jim Grant says
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
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