Chips Power S&P 500 to Fresh Record, Chipmakers Surge on AI Optimism
The stock market experienced a surge to unprecedented levels on Friday, as investor optimism regarding anticipated interest rate cuts by the Federal Reserve and robust corporate profits fueled a rally on Wall Street.
Jan 22, 2024 9:39 AM EST
Silicon Surge Electrifies Wall Street: S&P 500 Inches Toward All-Time High on AI Hype
Thursday's dramatic increase in U.S. equities saw the S&P 500 close to all-time highs as advances in Nvidia and other chipmakers were fueled by confidence about artificial intelligence.
Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat
Tuesday's closing price of U.S. equities was lower due to pressure from banks on mixed results from Morgan Stanley and Goldman Sachs, as well as sell-offs in Apple and Boeing that affected the S&P 500.
Helium: The Billion-Dollar Network No One Uses
If a pioneer in crypto passive income existed, it had to be Helium. In its early days, in a year providing IoT coverage for Helium, people raked in thousands, even hundreds of thousands.
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Oil Surges on Safe-Haven Demand After US, UK Launch Airstrikes Against Houthi Targets in Yemen
Global equities rose marginally on Friday, but oil rose as the crisis in the Red Sea region threatened to grow, although slightly hotter US inflation data did not change investors' conviction that interest rates may soon begin to fall.
Jan 12, 2024 9:20 AM EST
Hacked Tweet Shakes Market as SEC Denies ETF Approval
The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."
Jan 10, 2024 9:33 AM EST
Hewlett Packard Enterprise in Talks to Acquire Juniper Networks for $13 Billion
According to a source familiar with the negotiations, Hewlett Packard Enterprise is in talks to acquire Juniper Networks , valuing the network gear manufacturer at around $13 billion.
Jan 09, 2024 4:40 AM EST
Global Markets Poised for Expansion, Says Goldman Sachs, Citing AI and Green Tech
Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.
Jan 09, 2024 4:03 AM EST
Despite Job Market Rebound, Fed Struggles to Find Desired Slack in Labor Landscape
The COVID-19 pandemic's labor wounds were largely healed by the end of the U.S. economy last year, but policymakers at the Federal Reserve are still stuck waiting for wage and job growth to slow down to a reasonable level.
Jan 08, 2024 10:28 AM EST
US Chip Stocks Drop Sharply After Strongest Year Since 2009, Raising Recession Concerns
U.S. chip stocks continued their losing streak on Wednesday, as Wall Street's primary semiconductor benchmark fell from all-time highs after the industry had its best year since 2009, when it recovered from the financial crisis.
Jan 04, 2024 10:20 AM EST
Analysts Predict Steady Growth for US Economy in 2024, Dispelling Recession Fears
Many people were afraid that 2023 would bring about a recession. It proved to be a very resilient year.
Jan 03, 2024 9:50 AM EST
2024 Bids Farewell to Old Ways, Reshapes Investment Landscape
Investors seem to be persuaded that the main Western central banks are about to make the long-awaited shift from rising to lowering interest rates. As a result, markets rose, but as the globe becomes used to an economic system where money is not easily obtained, 2024 may surprise us.
Jan 03, 2024 6:41 AM EST
Wall Street Slump Sparks Rush for Stability After 2023 Boom
Wall Street on Tuesday gave back some of its significant gains from the previous year due to a poor start to 2024.
Jan 02, 2024 8:07 PM EST
Fab Four: These Undervalued Gems Could Be the 2024 Market Leaders
The true question, though, is whether the "Magnificent Seven"will continue to dominate the industry in 2024, or may other equities take the lead in 2024?
Jan 02, 2024 8:56 AM EST
Fed Pivot Calms Junk Bond Jitters, But Concerns Remain Over Debt Sustainability
The market for junk debt is thriving because to investor expectations that the Federal Reserve would begin lowering interest rates. This will also help the lowest-rated corporations in a timely manner and probably cap the default rate in 2024.
Jan 02, 2024 8:42 AM EST
The Best of Money Times 2023
Welcome to "The Best of Money Times 2023," a curated compilation that highlights the most insightful, intriguing, and influential financial news and analyses of the year. In this comprehensive overview, we navigate through the dynamic landscape of global finance, covering a myriad of topics ranging from economic trends and market dynamics to investment strategies and corporate developments.
Dec 30, 2023 11:22 PM EST
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