China’s Third Plenum Vows Support for Private Sector, Stable Climate for Foreign Firms
Better protection for private sector rights was among hundreds of reform goals laid out by China’s ruling Communist Party following a key, long-awaited policy meeting.
Cocoa, Robusta Coffee, Copper and Many More Commodities Reflect Rising Inflation Fears Amidst Talks of the Expected Fed’s Rate Cuts
Even though U.S. stock market valuations went through the roof, AI monetization remains iffy, and the upcoming presidential elections bring a lot of uncertainty, making it prudent to downsize equities portfolios, one thing will keep making our investments profitable for the coming months.
Treasury Yields Extend Declines after ISM Data Provides Signs of Waning U.S. Growth
Treasury yields extended declines seen earlier on Wednesday, July 3, after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020.
Japan To Revise GDP Figures Amid Concerns Of Economic Contraction
The upcoming revision stems from updated construction orders data, with analysts predicting a 2.7% annualized contraction, up from the current 1.8%.
Top Fed Official Says Slowing U.S. Retail Sales Bolster Rate Cut Chances
A top U.S. Fed official, Adriana Kugler, a Fed governor, suggested price cuts at big retailers and weaker sales should point that a slowdown in consumer spending has “finally” begun, increasing the chances that the regulator will venture to finally start lowering interest rates this year.
By Having Implemented Stock Split, NVidia Simply Followed Footsteps of Tesla and Expects a Similar Outcome
Nvidia (NVDA) stock has more than tripled over the past year alone, to trade at just over $125.20 as of the market close on Wednesday, June 12, taking into account its recent share split.
Re-Election Modi Runs India on a Fast-Growth Trajectory
Prime Minister Narendra Modi has won the Indian elections but lost his absolute majority: his BJP party has won 240 seats on 543 in the Indian parliament, but this time failed to obtain the majority, which could weaken his policymaking.
As EV Adoption Stalls Due To 'Chicken And The Egg' Situation, Hybrids Race Ahead
In recent months, consumer preferences and OEM investments have shifted from electric vehicles (EVs) towards hybrids as a bridge solution.
Federal Reserve Hints at Rate Hike Amid Inflation Concerns; U.S. Home Sales Decline
The Fed may consider raising interest rates if inflation accelerates, according to minutes from the last meeting.
Japan's Economy Skids, Clouding BoJ's Rate Hike Plans
Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero.
Nvidia will Surge Another 22%, and is Still Cheap Compared to Peers Despite Nearly Doubling this Year, Goldman Sachs Says
Nvidia (NVDA) stock still has plenty of upside even after its year-to-date rally of 81%, according to a Tuesday note from Goldman Sachs.
Fed to Stay at Current Rate Horizon Citing Inflation for Longer than Anticipated
The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stay at 5.25%-5.50%.
U.S. Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'
The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024.
Cleveland-Cliffs to Report Q1 Earnings: What's in Store?
Cleveland-Cliffs (CLF) is slated to release Q1 2024 results after the closing bell on Apr 22.