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Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
KUALA LUMPUR, July 1 — Prime Minister Datuk Seri Anwar Ibrahim today maintained that Malaysia is not at risk of losing c...
Markets appear to be taking presidential election theatrics in stride ... for now.
Nvidia, Super Micro Computer and Broadcom are part of the Zacks Investment Ideas article.
A husband and wife duo who built an outdoor theatre on the grounds of their Suffolk farm estate have been catapulted into Britain’s rich list after netting £2bn from the sale of their financial data business.
A British data and analytics business founded 21 years ago was today snapped up for £2.55bn – four-fifths of which will go to its founder. Preqin, which specialises in providing data and information on the private equity sector and other alternative assets, is being bought by BlackRock, the world's biggest asset manager. The sale will net approximately £2.04bn to Valhalla Ventures, the family holding company of Mark O'Hare, Preqin's founder.
EAT, APOG, DAKT, M and HES have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2024.
U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside. The weakness at the end of the second quarter reported by the Institute for Supply Management on Monday was across the board, with ISM Manufacturing Business Survey Committee Chair Timothy Fiore describing manufacturers as demonstrating "an unwillingness to invest in capital and inventory due to current monetary policy and other conditions." Manufacturing is being pressured by higher interest rates and softening demand for goods, though business investment has largely held up.
Looking for a streaming partner is consistent with plans laid out by Paramount Global's new Office of the CEO The post Paramount+ Weighs Merging With Another Streaming Platform | Report appeared first on TheWrap.
The June ISM manufacturing data fell short of expectations, reigniting speculation about a potential Federal Reserve rate cut. BCA Research chief US equity strategist Irene Tunkel joins Catalysts to share her insights on the central bank's next moves. Tunkel observes that "bad news appears to be good news" in this context. The slowing economic growth, she argues, creates conditions favorable for a Federal Reserve interest rate cut. She anticipates the first cut could come by the end of the year, partly due to "political uncertainty." However, Tunkel emphasizes that the crucial factor is whether the Fed's rate cut is "reactive or proactive." "I would argue that it may not matter when the Fed exactly cuts interest rates, but it matters what they say, and what is the perception of the market about the trajectory of interest rates," Tunkel tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
Morgan Stanley analysts are hiking their price target on Nvidia (NVDA) from $116 to $144 per share over the chipmaker's "compelling narrative" within the AI space. The Morning Brief's Brad Smith and Madison Mills review Morgan Stanley's note and the international competition between dominant chip companies. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Vistra helps investors benefit from both the energy transition and the AI boom. Vistra's recent pullback sets investors up to buy VST stock at a great entry point.
Powerful new chips are on the way but there are questions over whether tech firm’s growth can be sustained
Shares of Meta (META) are dipping after European Union regulators issued a preliminary finding accusing the company of violating the Digital Markets Act. The antitrust issue in question is the company's recently introduced ad-supported social networking service. Yahoo Finance Reporter Dan Howley joins Catalysts to analyze the European regulatory agency's preliminary finding and what it means for Meta moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Oil prices (BZ=F, CL=F) move a notch higher Monday ahead of the July Fourth weekend and the broader summer driving season. Could geopolitical tensions in the Middle East and seasonal factors push crude oil even higher? Lipow Oil Associates President Andy Lipow communicates oil market concerns around potential escalations in these Middle East conflicts and how OPEC+ can continue to constrain supply. "It's easy to see that OPEC+ has surprised the market before, they could do it once again. If crude oil prices were to remain in the $80 per barrel range, they could extend those voluntary production cuts through the end of the year," Lipow tells The Morning Brief. "But the initial announcement from OPEC+ was reacted [to]quite bearishly with the oil market as they saw more supply coming on to the market sooner than expected." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The company, which provides infrastructure for high-performance computing, plans to enlist an entity comprising its cloud computing unit Taiga, and data centers, called Ardent, on the Nasdaq stock exchange as early as the first half of next year, according to the report. After two sub-par years, the U.S. IPO market has shown signs of promise in 2024, with investors showing renewed interest in fresh listings buoyed by hopes of a soft landing for the economy. AI-based startups have also attracted huge investments fueled by burgeoning demand in artificial intelligence following the launch of OpenAI's ChatGPT.
KUALA LUMPUR, July 2 — Prime Minister Datuk Seri Anwar Ibrahim today admonished Home Minister Datuk Seri Saifuddin Nasut...
Embattled Forest City is a backdrop for a handful of reality shows and documentaries.
KUALA LUMPUR, July 2 — Tesla’s Cybertruck has been gaining attention for more than its futuristic design. Various online...
