Markets

Warren Buffett’s Japan bet has swelled from about $6 billion to $15 billion in under three years. He’s grown his stakes in five Japanese companies from about 5% in August 2020 to 7.4% today. The stocks are up 146% on average since Buffett first revealed his investment. Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett’s Berkshire Hathaway has about $15 billion riding on Japanese stocks that have surged to multi-decade highs

The rise of ChatGPT could spark the Roaring 20’s for the stock market, according to market veteran Ed Yardeni.Yardeni highlighted that artificial intelligence is capable of boosting productivity and living standards. “If so, then we can spend a lot less time obsessing about what the Fed will do next,” Yardeni said. Loading Something is loading. Thanks… Continue reading The rise of ChatGPT could jump start the Roaring 20s for stocks and solidify a new bull market

Demand for gold among central banks will likely remain strong, UBS said in a note. Analysts cited elevated geopolitical risks and inflation, predicting gold to hit $2,100 by the year’s end. The freezing of Russian currency reserves “may have led to a long-term impact on the behavior of central banks.” Loading Something is loading. Thanks… Continue reading Central banks will keep buying gold as dollar sanctions shift long-term strategies on currency reserves

Artificial intelligence has taken the world by storm in 2023, thanks to the smashing debut of OpenAI’s ChatGPT. The frenzy around the breakthrough technology has sparked an AI arms race between Big Tech firms and fueled massive rallies in related stocks.  Here’s what 10 leading voices have said about the AI revolution – including the… Continue reading AI could spur a productivity boom, some say, while others warn it needs to be policed. Here’s what Elon Musk, Warren Buffett, and 8 others said about the future of the breakthrough technology.

Elon Musk, Jeremy Siegel, Mohamed El-Erian and others have criticized the Fed’s decision-making in recent weeks. The central bank has come under fire for fueling recession risk through aggressive interest-rate hikes meant to tame inflation, after failing to act early on price pressures. Here are some recent critiques of the Fed from high-profile investors, analysts… Continue reading The Fed has come under fire for the way it tackled inflation. Here are the latest critiques from Elon Musk, Mohamed El-Erian and others.

AI is in a “baby bubble” for now, Bank of America said Friday.  What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle.  BofA said the dot-com blow-up in the early 2000s had roots in the Fed restarting policy tightening in 1999.  Loading Something is loading. Thanks for signing… Continue reading BofA says AI is in a ‘baby bubble’ that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT

Mega-cap tech stocks are overbought and their rally may be closer to stalling, Fundstrat’s Mark Newton said. But there’s no evidence yet of them topping out, he said. Investors are optimistic about the group ‘for a lot of the right reasons’ like AI, he added. Loading Something is loading. Thanks for signing up! Access your… Continue reading Mega-cap tech stocks are ‘overbought’ and their rally may be getting closer to stalling out, Fundstrat’s Mark Newton says

Investors should avoid piling into mega-cap tech stocks, according to BofA’s Savita Subramanian.  “You don’t want to buy mega-cap tech. That’s old leadership,” she said.  Her views come despite a blistering rally in Big Tech stocks this year amid hype over artificial intelligence.  Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Shun mega-cap tech stocks as a ‘big asset bubble’ is building in growth shares, Bank of America’s top strategist says