Yahoo Finance Bulls, Bears Clash On Palantir Earnings Report, Commercial AI Growth
Palantir reported Q1 earnings that climbed 60% while the software maker's revenue guidance came in slightly above expectations.
Palantir reported Q1 earnings that climbed 60% while the software maker's revenue guidance came in slightly above expectations.
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
The minutes from the last Reserve Bank meeting will outline the thinking behind keeping rates on hold and how seriously the case to hike was considered.
Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once again. And almost no big stocks ever post that many triple-digit gains in a row.
After April's Consumer Price Index (CPI) data signaled that inflation may be cooling, some on Wall Street grew optimistic that the Federal Reserve might cut rates before the year's end. Fed Governor Michelle Bowman spoke on Friday repeating her previous stance that she would not rule out rate hikes if inflation remains elevated. Crossmark Global Investments CEO and CIO Bob Doll joins Market Domination to give insight into the Fed's potential policy decisions and why he believes the market is headed for a "mild recession." Doll elaborates on the current market conditions that shape his view: "We got the leading economic indicators today, and they were down again. We've had one month up in the last couple of years. A week ago, we got the University of Michigan Consumer Confidence Index, and not only are lower end consumers struggling, but now some mid-income consumers are struggling. It's just the high-end that's doing well. And, of course, inflation expectations in that same survey went up a bunch. So I don't think all is as clear as we might like it to be in a market where you got to pay over 20 times earnings. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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U.S. markets have fended off challenges from China and Japan.
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals Sl
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
(Bloomberg) -- Shares of Chinese property developers extended a rally after Beijing announced forceful measures to shore up the beleaguered property market. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’China Sells Record Sum of US Debt Amid Signs of DiversificationA Bloomb
(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysUS Company Becomes World’s Most Valuable Solar Firm Af
Microsoft (MSFT) announced it will begin offering Advanced Micro Device's (AMD) AI chips to cloud computing customers as an alternative to Nvidia's (NVDA) processors. Microsoft will be hosting its Build event next week, where it is expected to announce more details on the offering. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Microsoft and AMD and what they could mean for the companies moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely. Under UK takeover rules BHP must make a firm offer by May 22, or walk away.
Does it ever feel like the rich have some secret knowledge about money that eludes the rest of us? After over a decade working as a bank teller, Rachael P. has an inside look at the habits and...
China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases.
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Planning for retirement can be challenging. It's hard to know exactly how much you'll need to set aside and, perhaps more importantly, to save enough in the first place. We have a few factors working...
(Bloomberg) -- Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out of Stock in Several US StatesWest Texas Intermedia
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
(Bloomberg) -- The European Central Bank is supportive of a tie-up between Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA, potentially making necessary approvals easier if the deal comes to fruition.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump