Bank of America report: Active funds cool on semiconductor stocks, while Nvidia remains popular.
The relative weight of the semiconductor industry has continued to decline from 1.16 times the level in June 2023 to 0.99 times.
Top Morgan Stanley strategist: Only an impact similar to the 'Bear Market' in the US stock market in 2022 can overturn the dominance of technology giants.
Large technology giants have been at the top of the US stock market in recent years, but their level of control has never been as strong as it is now.
Value stocks are about to rebound! These stocks are about to take off.
With the possibility of an improvement in the economic situation and the growing expectation of a Fed rate cut, these undervalued stocks are about to encounter a good opportunity for rebound.
"Fed Loudspeaker": Powell talks extensively about inflation progress, letting interest rate cuts return to the agenda.
Powell's speech highlighted a cautious optimism, but he refused to reveal whether he is preparing for a rate cut in September, reiterating that a sudden deterioration in employment growth could stimulate faster rate cuts.
Google Messages Suddenly Removes 'No Encryption' Icon From iPhone RCS Chats
Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Messages has removed the icon indicating the lack of end-to-end encryption (E2EE) in RCS chats with Apple Inc.'s (NASDAQ:AAPL) iPhone users.What Hap
Has the market become conservative? Strategist: The Federal Reserve is expected to cut interest rates three times this year!
According to the strategist of Lazard asset management, the rise in unemployment may push inflation and economic cooling, prompting the Fed to cut interest rates more than the market expects.
Could there be hope for a rate cut in July from the Federal Reserve? This week's non-farm payroll report is crucial!
According to the recent report from TSLombard economists, if the unemployment rate rises in June, a rate cut in July may ultimately be triggered.
Ex-Twitter Executive Steers AI Startup Abnormal Security To $5B Valuation In Latest Funding Round: Report
Abnormal Security, an AI-powered cybersecurity startup, is reportedly set to be valued at $5 billion in a new funding round, marking a significant increase from its previous valuation.What Happened: T
Amazing turnaround! Trump's Q2 campaign funding has surpassed Biden's, further expanding his chances of winning.
Biden's fundraising in the second quarter of this year was unexpectedly surpassed by Trump, which means that Biden's chances of winning the election this year have decreased by another ten percent.
Powell's 'dovish tone' leads to a drop in US bond yields, with a focus on the minutes of the Federal Reserve meeting tonight.
The stabilization of the bond market that day was largely due to the "dovish tone" emanating from the Federal Reserve. The minutes of the Fed's meeting early Thursday morning are expected to be a major focus going forward.
Will the US employment suddenly deteriorate? On the eve of the non-agricultural employment data, this data is of interest tonight.
Economists predict that the number of initial jobless claims for the week ending June 29 may slightly increase from 233,000 the previous week to 235,000, and this potential upward trend may indicate a cooling job market.
Top Apple Executive Phil Schiller To Join OpenAI Board As Observer, Giving iPhone Maker Equal Status With Microsoft After Landmark AI Agreement Reached: Report
Apple Inc. (NASDAQ:AAPL) is reportedly set to secure an observer role on the board of ChatGPT-parent OpenAI, matching the position of Microsoft Corporation (NASDAQ:MSFT).What Happened: Cupertino's for
Did Apple make a fortune? Obtaining a board of directors observer position at OpenAI for free, and now sits on the same level as Microsoft.
As part of the action following last month's cooperation agreement between Apple and OpenAI, the head of Apple App Store will become an observer of the board of directors.
Futu Morning News | Technology stocks continue to soar! Tesla rose more than 10%, Apple and Amazon hit new highs together; Powell's latest statement: Significant progress in reducing inflation.
Biden will meet with Democratic governors to seek support, and several popular candidates for succession will attend. Tesla delivered 444,000 vehicles in the second quarter, higher than expected in the market. Apple is expected to gain a seat on the OpenAI board of directors as an observer.
Fed officials: Maintaining interest rates will increasingly restrict the economy; if inflation data is satisfactory, they will be confident in cutting rates.
Chicago Fed President Charles Evans said that in the case of continued downward inflation, maintaining current policy interest rates will put greater downward pressure on demand, which will actually have a tightening effect on monetary policy. Since July last year, the Federal Reserve has not adjusted monetary policy, and the federal funds rate target range has been maintained at 5.25% to 5.50%, the highest level in over 20 years.
Powell's latest statement: significant progress in controlling inflation, but refuses to reveal whether interest rates will be cut in September.
Despite avoiding political issues, Powell still emphasized that the huge fiscal deficit of the USA government is difficult to sustain.
Top 20 turnover | Tesla surged more than 10%, vehicle deliveries in the second quarter exceed expectations; Nvidia fell more than 1% facing antitrust charges in France.
On Tuesday, Tesla, with a transaction volume of USD 46.445 billion, rose 10.2%, ranking first. Nvidia, with a transaction volume of USD 26.659 billion, fell 1.31%, ranking second. Apple, with a transaction volume of USD 12.72 billion, rose 1.62%, ranking third.
US stocks close | S&P and Nasdaq hit new closing highs, Amazon, Apple, and Microsoft hit new highs again, and Tesla surged more than 10%.
Chinese concept stocks index rebounds and breaks away from its 5-month low, with alibaba, nio inc, li auto inc rising about 2%.
Shares Edge Higher, US Treasury Yields Weaken as Markets Weigh Fed Chair Comments
Global stocks edged higher while US Treasury yields dipped on Tuesday as markets weighed data showing a persistently tight labour market, and prospects of interest rate cuts after comments from Federal Reserve (Fed) Chair Jerome Powell.
Express News | The probability of the Federal Reserve keeping interest rates unchanged in August is 91.7%.