By Sherin Elizabeth Varghese (Reuters) – Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction. Spot gold was up 0.1% at $2,295.29 per ounce, as of 0346 GMT. U.S. gold futures fell […]
Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could drop 10% over the summer months to 4,800, according to JPMorgan. The bank highlighted three catalysts that could drive a decline. The May jobs report could spark a bearish narrative change in the stock market. A 10% sell-off in the stock market is possible this summer […]
Shares of Trump Media & Technology Group (DJT), the parent company of former President Donald Trump’s social media platform Truth Social, bounced back from extended hour trading losses to rise about 6% early Friday after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign. Trump, […]
Shares of Trump Media & Technology Group (DJT), the parent company of former President Donald Trump’s social media platform Truth Social, bounced back from extended hour trading losses to rise about 6% early Friday after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign. Trump, […]
Angela Weiss/AFP via Getty Images Stocks were lower again on Thursday, extending a sell-off in the holiday-shortened week. A revision to first-quarter GDP showed economic growth was less than initially reported, while inflation was also cooler. Markets are bracing for the release of PCE inflation data on Friday. US stock were down on Thursday as […]
With software stocks already struggling, Salesforce (CRM) on Wednesday reported first-quarter earnings that topped estimates while revenue missed. July quarter revenue guidance for Salesforce stock came in well below expectations. Shares tumbled. X The enterprise software maker released the April-quarter Salesforce earnings report after the market close. Salesforce earnings rose 44% to $2.44 per share […]
(Bloomberg) — Stocks and bonds in Asia traded lower Wednesday as traders assessed the impact of the jump in US Treasury yields overnight and comments from a Federal Reserve speaker led to receding bets for Fed rate cuts. Most Read from Bloomberg MSCI’s Asia Pacific Index fell for a second day, as shares from Hong […]
David Tepper’s AI Stock Picks: 3 Hidden Gems Amidst Big Tech Sell-Off Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. David Tepper, a prominent billionaire investor, has shown a strong inclination toward artificial intelligence (AI), with all his top-10 holdings linked to the sector. However, his […]
Hollis Johnson/Insider JPMorgan’s Marko Kolanovic sees no reason to turn bullish on the stock market despite record highs. In a Monday note, Kolanovic reiterated his view that the S&P 500 could fall 20% to 4,200. “We do not see equities as attractive investments at the moment and we don’t see a reason to change our […]
Getty Images / Bryan R. Smith The next two weeks of data will likely set the direction for the stock market this summer, according to UBS. The bank said the upcoming release of the April CPI report and Nvidia’s earnings report next week are crucial. “Inflation and NVIDIA earnings data that exceed expectations could set […]
At any given time, there is likely a hot story in the world of investing. Right now, that hot story is undoubtedly artificial intelligence (AI). Companies of all kinds are scrambling to present themselves as being in on AI, whether it’s core to their business or not. That being said, because computers, automation, and technology […]
The stock market has been red-hot over the past year. The S&P 500 surged more than 25%, while the Nasdaq‘s value soared by about 33%. At some point, the market will take a breather. Market sell-offs are often ideal times to buy high-quality companies at great prices. NextEra Energy (NYSE: NEE) and Brookfield Infrastructure (NYSE: […]