Meet the Newest Artificial Intelligence (AI) Stock in the S&P 500. It Soared 1,700% in 2 Years, and Wall Street Says the Stock Is Still a Buy
Shares of Super Micro Computer skyrocketed 1,700% over the last two years, and the company was recently added to the S&P 500 Index.
US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes
U.S. economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.
IMF Raises India’s 2025 GDP Growth Forecast by 30 bps to 6.8 Percent
The International Monetary Fund on April 16 raised India’s FY25 GDP growth forecast by 30 bps to 6.8%.
India & China Inflation Readings are Worlds Apart, India is Playing Catch-up after Covid: Moody's Analytics
Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.
What's behind China's Gold-buying Spree?
For more than a year, China's central bank has been buying up large amounts of gold.
Latest U.S. Inflation Report Showed Rising Prices Continue to Weigh on American Consumers
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months that ended in February, a faster pace than January’s 2.4% rise in prices.
Wedbush Adds Alphabet to Best Ideas List, Hikes Price Target
Wedbush analysts added Alphabet (GOOGL) stock to the ‘Best Ideas List’ and raised the target price on the stock to $175 from $160.
Japan’s $4 Trillion Offshore Funds Will Ignore First BoJ Hike
Japanese money is poised to stay offshore as the central bank creeps toward tighter policy, according to the latest Bloomberg Markets Live Pulse survey.
The Artificial Intelligence (AI) Market Could Soar 820% by 2030: 2 AI Growth Stocks to Buy Now and Hold Long-Term
According to Grand View Research, artificial intelligence (AI) spending across hardware, software, and services totaled about $200 billion last year.
Bitcoin Analyst PlanB Predicts 10 Months of ‘Face Melting FOMO’
PlanB’s bull market signal flashed as Bitcoin (BTC) price was trading firmly above the $62,000 mark.
Fed-Favored Inflation Gauge Seen Rising Most in a Year
Underlying U.S. inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.
U.S. Retail Sales Dived, Sinking Treasury Yields, but Initial Jobless Claims Slipped by 8,000
Retail sales badly undershot forecasts, including a dive in sales at nonstore retailers like Amazon (AMZN).
Slower U.S. Inflation Is Set to Fuel Fed Rate-Cut Optimism
The pulse of U.S. inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months.
Philippines 2023 GDP Rises 5.6% YoY, Est. +5.5%
The news about the Philippines' 2023 healthy GDP growth despite numerous natural disasters and other challenges in the previous year, could potentially boost the country's stock market by creating a positive economic environment and attracting foreign investors.