Shares of SoundHoundAI extended gains on Tuesday, bringing its rally over the past month to 300%. That’s after closing with a 43% gain on Monday as Google released its Bard chatbot to take on rival ChatGPT. Meanwhile, other artificial intelligence stocks have cooled off recently. Loading Something is loading. Thanks for signing up! Access your… Continue reading ChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month
Central banks need to push back against investor optimism to ensure price stability, IMF says, even if that means declines in stocks
Central banks need to brace themselves against investor optimism and hold firm on monetary policy, per the IMF. The fund said price stability needed to be prioritized over a potential contraction in the stock market. The IMF pointed out that services inflation was unlikely to fall as quickly as price rises for goods. Loading Something… Continue reading Central banks need to push back against investor optimism to ensure price stability, IMF says, even if that means declines in stocks
Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to ‘imaginary’ stagflation
Predictions of a steep recession and runaway inflation are wrong, Paul Krugman said in an op-ed. The top economist said inflation is falling more rapidly than the Fed thinks. The Fed, however, still risks causing a recession if it tries to respond to “imaginary” stagflation. Loading Something is loading. Thanks for signing up! Access your… Continue reading Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to ‘imaginary’ stagflation
US stocks slip as investors brace for Fed Chair Jerome Powell’s speech
Phil Rosen Jerome Powell. Reuters/Joshua Roberts US stocks traded lower Tuesday, with Fed Chair Jerome Powell scheduled to speak at 12:40 p.m. ET in Washington, DC. Markets rallied last week after the Fed’s 25-basis-point rate hike and Powell’s upbeat comments on the economy. Minneapolis Fed President Neel Kashkari said Tuesday the tight labor market shows… Continue reading US stocks slip as investors brace for Fed Chair Jerome Powell’s speech
‘Big Short’ investor Steve Eisman rings the alarm on the tech-stock rally and slams bitcoin as pointless in a new interview. Here are the 10 best quotes.
The rally in tech stocks this year could prove short-lived, Steve Eisman warned. The “Big Short” investor sees growth stocks underperforming if the Fed doesn’t cut interest rates. Eisman said higher unemployment could hit the housing market, and dismissed bitcoin as pointless. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading ‘Big Short’ investor Steve Eisman rings the alarm on the tech-stock rally and slams bitcoin as pointless in a new interview. Here are the 10 best quotes.
Barry Choi: Here’s how to get the most bang for your reward bucks
Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance Identify the right program for you Even though it can seem smart to join many programs to earn more… Continue reading Barry Choi: Here’s how to get the most bang for your reward bucks
Big Tech is back, but be careful about going all in on rate-sensitive sectors
Martin Pelletier: One should be careful if giving into FOMO is under consideration Pedestrians pass by the New York Stock Exchange on Wall Street in New York City. Photo by ANGELA WEISS/AFP via Getty Images files The United States Federal Reserve hiked its rate 25 basis points last week and indicated there is still more… Continue reading Big Tech is back, but be careful about going all in on rate-sensitive sectors
‘Hard lifting’ on inflation still to come, says CIO
This advertisement has not loaded yet, but your article continues below. Watch how investors should position themselves for the pivot and rebound in the market Bank of Canada governor Tiff Macklem, left, and Jerome Powell, chair of the U.S. Federal Reserve are waging a battle against inflation. Photo by Getty Images/Reuters Article content Greg Taylor,… Continue reading ‘Hard lifting’ on inflation still to come, says CIO
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