Nvidia Analyst Says The AI Party Isn’t Over: ‘Any Volatility Likely To Be Short-Lived’
Bank of America's analyst Vivek Arya maintains positive outlook on Nvidia despite recent surge, citing strong fundamentals, attractive valuations.
Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday’s Economic Digest
Economic data shows mixed results on Thursday, with higher jobless claims and weak housing starts, but positive future indicators. Market reactions were slight.
US Budget Crunch: CBO Warns Federal Interest Costs Now Higher Than Defense Spending, Deficits To Remain Above 5.5% Until 2034
CBO warns that the growing federal deficit puts financial strain on the U.S. government as interest costs set to surpass defense spending for the first time ever.
‘California To Change Labor Law That Cost Businesses $10 Billion’ – Bloomberg News
https://www.bloomberg.com/news/articles/2024-06-18/california-businesses-labor-groups-reach-deal-to-change-costly-paga-law?srnd=good-businessCalifornia's largest business and labor groups agreed to change a landmark law
Stocks Ease, Tech Rises, Bonds Eye Strongest Week Of The Year As Consumer Sentiment Sinks In June: What’s Driving Markets Friday?
Wall Street is set for a subdued session on Friday as risk sentiment wanes due to low U.S. consumer confidence and rising political uncertainties in Europe.
‘Apple Set To Be First Big Tech Group To Face Charges Under EU Digital Law; Brussels To Announce iPhone Maker Is Failing To Adhere To New Rules Designed To Open Up Its App Store To Competition’ – Financial Times
https://www.ft.com/content/31a996d5-b472-4357-953e-ace078494604Brussels is set to charge Apple over allegedly stifling competition on its mobile app store, the first time EU regulators have used new digital rules to
Consumer Sentiment Tumbles In June, Reaches 7-Month Low: ‘High Prices As Well As Weakening Incomes’ Raise Concerns
Preliminary data shows US consumer confidence dropped in June, reaching lowest point in 7 months. Inflation expectations stayed unchanged.
Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What’s Driving Markets Thursday?
Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.
Ice Cold Producer Inflation Data Sparks Economist Reactions: ‘More Data In The Correct Direction’
Fed may consider rate cuts after disappointing producer inflation in May, which was driven by decline in energy prices and weak transportation services.
‘WSJ Reporter Deemed Wrongfully Detained Is Indicted Under Russian Espionage Laws’ – WSJ
https://www.wsj.com/world/russia/wsj-reporter-deemed-wrongfully-detained-is-indicted-under-russian-espionage-laws-a1d594a6 Russian prosecutors said they have approved an indictment of Evan Gershkovich, the Wall