Stock Market Hits Record Highs, Tesla Tumbles, Netflix Soars: This Week In The Markets
Record highs for U.S. stock market indices fueled by AI investments and Fed rate cut hopes. Netflix soars, Tesla struggles, and Microsoft hits $3 trillion.
Stocks Ease Despite Benign Inflation Data, Bitcoin Stages Comeback: What’s Driving Markets Friday?
Stocks mixed in New York, with investors assessing mild inflation report and strong personal spending figures. Short-term Treasury yields rise, tech stocks lag, and Bitcoin surges 4.9%. Intel stock falls 12% despite positive earnings, while semiconductors sell off.
‘Cuts Are Coming’: 7 Economists On December Inflation Data, What It Means For The Fed, Markets
PCE inflation held at 2.6% in Dec, below forecast. Core inflation at 2.9%, suggests potential rate cuts.
Fed’s Favorite Inflation Measure Holds At Nearly 3-Year Lows, Bolstering Market Rate Cut Bets
Inflation data released Friday matches economist estimates and could cement the chances of Fed interest rate cuts in 2024.
ECB’s Lagarde Rejects Recession Label For Europe, Recalls Yellen’s ‘Forget It’ Remark
ECB President Christine Lagarde challenges the traditional recession definition, focusing on robust labor markets despite potential negative growth in the Euro Area.
Champagne On Hold: Why The Fed’s Preferred Inflation Gauge Report Friday Is Key To Wall Street’s Victory Lap
Set for release at 8:30 a.m. ET Friday, the Bureau of Economic Analysis will unveil the Personal Consumption Expenditure (PCE) price index report for December. This index is also referred as the Federal Reserve's favorite inflation gauge, heavily influencing their monetary policy decisions in the coming months.
S&P 500 Eyes Sixth Green Session, Tesla Tumbles, Oil At 2-Month High: What’s Driving Markets Thursday?
U.S. stock market gains due to strong economic growth and low inflation expectations. Dollar and treasury yields down, oil up, Tesla drops 12%.
How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks
Insurance company stocks in 2024 have outperformed S&P 500, with a 5% increase driven by soaring vehicle insurance costs and complexity of EV repairs.
‘Meaningfully Stronger’ US Economy Dismantles Slowdown Fears, Boasts 3.3% Growth In Q4 2023
The US economy grew by 3.3% in Q4 of 2023, surpassing expectations by a significant margin. Economists predict continued growth in 2024, led by consumer spending and a strong labor market.
Tech Giants Nvidia, AMD, IBM, Microsoft, Google Partner With US Government For AI Research Project
NSF has launched the NAIRR pilot, collaborating with government agencies and private organizations to democratize access to advanced AI resources.