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Up 27% this week! Tesla recovers half a year's decline in a week, can its rally continue?
The next month is crucial.
Employment Cooling: Has the US labor market weakened?
On July 5th, 2024, the US Bureau of Labor Statistics released the non-farm employment data for June 2024: the US added 0.206 million non-farm jobs in June 2024, expected to increase by 0.19 million, and the previous value was revised down to 0.218 million; the seasonally adjusted unemployment rate was 4.1%, expected to be 4%, and the previous value was 4%.
Weekend Reading | Space Gold Mines, Satellite Obsession, and Starlink: The 21st Century Planetary War
Go to space to stake out a claim.
Goldman Sachs regards the cooling of US non-farm data: The Federal Reserve is expected to cut interest rates twice this year, but don't get too excited about it.
JPMorgan Asset Management's Chief Global Strategist, David Kelly, believes that although the latest non-farm data shows that the US economy is gradually slowing down and the Federal Reserve expects to cut interest rates twice in 2024. However, he is not optimistic about the US stock market because of the high risk of a significant pullback in stock prices.
Is Musk not happy? Tesla's first-half drop was filled in just one week in the second half of the year.
Tesla's stock price has surged by 27.11% this week, easily wiping out all the declines from the first half of the year in just one week after entering the second half of the year. Tesla closed at $251.55 on Friday. At the end of last year, the stock closed at $248.48, and in April of this year it fell to a low of $138.80.
Biden's self-rescue effect is not good, and the momentum of the Democratic Party's 'palace forcing' continues to strengthen.
According to reports, Virginia Democratic senator Mark Warner is trying to convene a group of Democratic senators next week to discuss Biden's re-election and its possible impact on lower-level elections.
Google's Emissions Have Jumped by Nearly Half in Five Years as AI Surges
Notable Analyst Calls This Week: Nvidia, Spirit Airlines and PayPal Among Top Picks
Nintendo's President Says AI Can Be 'Creative,' But Raises Intellectual Property Concerns
In a recent shareholder Q&A, Nintendo ADR's (OTC:NTDOY) President Shuntaro Furukawa addressed the issue of generative artificial intelligence (AI) in video game development, a hot topic that has stirr
Will Rivian Ever Land an AI Premium Like Tesla?
Benzinga Bulls And Bears: Tesla, Nvidia, Palantir And Trader Predicts 'Huge Rebound' For Dogecoin
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.U.S. stocks hit all-time highs during the shortened Independence Day t
Further Rise in Jobless Rate May Prompt BNP Paribas to Call for Two Rate Cuts in 2024
"Only God can make me drop out!" Biden passionately promises to continue the campaign, but he misspoke again this time.
On Friday, US Eastern Time, Biden stated in an interview that he will continue to run for the presidency, and that he is the best candidate to stop Trump from returning to the White House in November. However, it was a bit awkward that he misspoke during this 22-minute interview. On Monday next week, US Eastern Time, several Democratic congressmen will have a meeting to discuss persuading Biden to drop out of the race.
Nvidia has fallen, and bitcoin has crashed, but the US stock market continues to move forward under heavy pressure.
Bearish analysts have repeatedly misjudged the market and lost their jobs. Some institutions have even abandoned the traditional practice of setting target prices for large caps. The rising price of Mag 7 has pushed the S&P 500's P/E ratio to 26 times, higher than any election year since at least 1990.
Nvidia GPU, alarm bells ringing
Shortly after France announced it would launch an antitrust investigation against Nvidia, there was more bad news.
The EU's "Antitrust Queen" is conducting a preliminary investigation into the supply of Nvidia AI chips.
Vistage mentioned that ai chip is facing a supply shortage and dominant companies may face certain behavioral restrictions in the future.
Weekend Reading | The battle for the endurance of electric vehicles has reached the mobile phone industry.
No silicon carbon, not high-end.
Express News | Bank of America: the rise in index driven by giant stocks is a market feature, not a market bug.
Apple Approves Epic Games' Marketplace App In Europe Amid Ongoing Feud
Apple Inc. (NASDAQ:AAPL) has approved the marketplace app of Epic Games, the creator of "Fortnite," for iPhones and iPads in Europe. This move comes amid a continuing conflict between the two tech beh
Has the US labor market still been "strong"? Media reported that non-farm payrolls data for the first two months were significantly revised downward.
"New American News Agency" stated that although the non-farm data in June is not enough to make the Fed cut interest rates at the July meeting, it is likely to cause a more intense debate on cutting interest rates in September at the July meeting.