How May’s Inflation Slowdown Could Influence Fed’s Next Move: Insights From 6 Economists
Inflation data showed a bigger slowdown than expected, easing concerns about high interest rates before the June FOMC meeting.
Cathie Wood, Ark Invest Set New $2,600 Price Target For Tesla: ‘Every Car Becomes An AI-Powered Cash Flow Generation Machine’
Cathie Wood and Ark Invest lay out a new price target for Tesla shares that would make the EV company worth more than Apple and Microsoft combined.
Soft Inflation Data Boosts Small Caps, Real Estate, Regional Banks; Traders Anticipate Fed Rate Cuts As Stocks React
U.S. inflation slowed in May, boosting rate cut prospects. Markets rally ahead of FOMC meeting and assign 70% chance of rate cut in September.
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday’s Fed Meeting
Good news for the average U.S. consumer as the annual inflation rate slowed more than economists expected in…
BTS’s Jin Wraps Up Mandatory Military Service: US ETFs That Let You Invest In Hybe Are Soaring
Kim Seok-jin, professionally known as Jin, the eldest member of the South Korean pop band BTS, has completed…
US Median Housing Rent Jumps To $1,653, Highest Since 2022: ‘Demand From Young Renters Remains High’
Median US asking rent rose 0.8% to $1,653 in May, highest since Oct 2022, reflecting strong demand and limited supply.
Biden Mulls New Restrictions On China’s Advanced AI Chips Access: Report
U.S. considers limiting China's access to advanced chip tech for AI, and possible restrictions on high-bandwidth memory chips.
AI Will Save Time, Revolutionize Advertising, Says Cathie Wood’s ARK Invest Report
Enthusiasm over AI has boosted Invesco QQQ ETF's returns. ARK Invest's report predicts faster consumer AI adoption, $9 trillion in consumption, and advertising opportunities.
JPMorgan’s Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: ‘Equities Continue To Price In Little Downside Risk’
JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.
Stocks Ease Ahead Of Wednesday’s Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What’s Driving Markets Tuesday?
Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.