Newsfeeds Archive - Page 127 of 150

2 minute read

Booming ADP Employment, Stable Unemployment Claims Set Stage For Friday’s Key May Jobs Report

June 1, 8:46 AM

The American labor market continues to demonstrate its strength, with the ADP reporting Thursday a notable and better-than-expected surge in private employment in May. Concurrently, the Department of Labor signaled a lower-than-anticipated rise in unemployment claims last week, further reinforcing healthy conditions in the job market.

ADP

2 minute read

Massive AI Boom Sends Semiconductor ETF Skyrocketing: It’s Not Just Nvidia

By Piero Cingari

May 31, 4:30 PM

The recent artificial intelligence boom has reached different sectors, industries and corporations, with semiconductor stocks taking the lead. Key Figures From The 2023 Semiconductor Boom

AMD

1 minute read

Mike Pence To Launch 2024 Presidential Run, Setting Up Showdown With Former Running Mate Trump: Report

By Piero Cingari

May 31, 4:19 PM

Former Vice President Mike Pence is set to kick off his 2024 presidential campaign on June 7 in Iowa, where he will deliver an announcement video and speech, multiple media sources reported Wednesday.

SHY

2 minute read

‘Freight Recession,’ Persistent Job Tightness And Sticky Inflation: 3 Takeaways From The Fed’s May Beige Book

By Piero Cingari

May 31, 2:30 PM

The Federal Reserve's May Beige Book provides a qualitative assessment of economic conditions across the various Federal Reserve districts.

SPY

2 minute read

Strong Non-Farm Payrolls Ahead? Expect Aggressive Fed Rate Hikes, Macro Wiz Says

By Piero Cingari

May 31, 12:56 PM

Investors are eagerly anticipating the release of the non-farm payrolls, unemployment rate, and salary growth figures this Friday, which are expected to be the focal economic readings of the week.

GOVT

2 minute read

AI Frenzy Helps Nasdaq 100 Outshine Russell 2,000 And Soar To Dot-Com Bubble Highs

By Piero Cingari

May 31, 10:38 AM

The surge of artificial intelligence (AI) is sparking a transformative shift in the relative valuations of prominent U.S. stock averages as the tech sector outperforms other industries and small-cap stocks.

AAPL

2 minute read

US Dollar Rises To 10-Week Peak With Debt Ceiling Breakthrough, Rate Hike Buzz: Crucial House Vote Wednesday

By Piero Cingari

May 31, 8:38 AM

The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes.

UUP

2 minute read

5 AI Stocks Outperforming Nvidia In May: Which One Will Be the Next AI Powerhouse — Or The One That Pops Like A Bubble?

By Piero Cingari

May 30, 6:06 PM

Shares of NVIDIA Corp. (NASDAQ: NVDA) rose 44% in May, with the company joining the elite group of five U.S.

2 minute read

June’s Fed Rate Hike Probabilities Jump Amid Debt Ceiling Deal Hopes: Investors On Edge As All Eyes Turn To Jobs Data

By Piero Cingari

May 30, 1:04 PM

The implied odds of a Federal Reserve rate increase in June have increased according to Fed futures pricing, as a preliminary debt ceiling deal struck over the weekend added gasoline to the fire of higher-than-expected PCE inflation and Fed

SHY

2 minute read

Debt Ceiling Deal: Mapping The Key Stages Towards ‘Fiscal Responsibility Act’ Approval

By Piero Cingari

May 30, 12:10 PM

President Joe Biden and House Speaker Kevin McCarthy struck a preliminary agreement on the debt ceiling over the weekend, dubbed the "Fiscal Responsibility Act," which suspends the debt limit until 2025 and limits discretionary spending for the next two years.

BIL