(Bloomberg) — This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed. Most Read from Bloomberg Price gains have proven much stickier than anticipated a few months into 2024 amid […]
Wednesday is turning into a bad day to own semiconductor stocks — and China is the reason. Late last night, the South China Morning Post reported that semiconductor chip output in the Middle Kingdom surged 40% in the first quarter — more than twice as fast as total global semiconductor sales, according to data from […]
Alphabet Chief Financial Officer Ruth Porat. Adam Galica | CNBC Alphabet Chief Financial Officer Ruth Porat said in a memo Wednesday that Google is restructuring its finance organization, a move that will include layoffs and relocations, as the company pushes resources to favor investments in artificial intelligence. “The tech sector is in the midst of […]
Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML’s new High NA EUV tool are tested. ASML Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had […]
Joachim Nagel, president of Deutsche Bundesbank, during A Bloomberg Television interview following the central bank’s “Annual Report 2023” news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. “ Alex Kraus | Bloomberg | Getty Images European Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the organization looks increasingly likely for […]
Investors seeking yield as the Federal Reserve keeps rates higher for longer may want to consider exchange-traded funds that focus on collateralized loan obligations, according to Bank of America. The firm began coverage of this corner of the ETF space on Monday. Collateralized loan obligations are securitized pools of floating-rate loans to businesses, and they […]
Vince McMahon, right, and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport in Green Bay, Wisconsin, on June 22, 2009. Mark A. Wallenfang | Getty Images As he faces a mountain of legal woes, former WWE leader Vince McMahon is traveling, eating out and keeping in touch with […]
Vince McMahon (R) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin. Mark A. Wallenfang | Getty Images As he faces a mountain of legal woes, former WWE leader Vince McMahon is traveling, eating out and keeping in touch with […]
Biden Promised IRS Funding Wouldn’t Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others Once it was announced that the IRS would receive $80 billion in additional funding as part of the Inflation Reduction Act, the Biden Administration sought to assure regular Americans that these funds would not make […]
Gold’s (GC=F) recent breakout to record highs has investors optimistic about silver (SI=F) as well. The commodity often referred to as gold’s “little brother” has been hovering above $28 an ounce, up roughly 23% over the past two months, versus a 19% rise for the yellow precious metal during the same period. “The typical pattern […]
Grant Cardone Sells Beachfront Mansion To Own More Bitcoin: Smart Move Or Big Mistake? After American entrepreneur Grant Cardone listed his 10,000-square-foot Florida beach house for $42 million, he explained that he would rather own more Bitcoin (BTC) or multifamily properties than be invested in a single location. The house at 605 Ocean Blvd in […]
Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, U.S., March 6, 2024. Bonnie Cash | Reuters If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be […]
