Reported 2 months ago
NVIDIA (NVDA) is experiencing strong demand for its chips, with shares rising roughly 20% over the past month. Analyst Kimberly Forrest likens the company's dominance to Porsche's reputation for unmatched quality, stating that NVIDIA is 'firing on all cylinders' as everyone seeks its products. Despite challenges such as U.S. import restrictions affecting inventory, NVIDIA is expected to achieve impressive gross margins and has significant initiatives underway, including major AI GPU contracts in Saudi Arabia and the UAE. Investor concerns about potential near-term demand plateau and new tariffs persist, but the outlook for NVIDIA remains strong with its essential role in global computing.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Truth Social, affiliated with Donald Trump's media company, has filed with the SEC to launch a Bitcoin ETF, marking a significant move into the cryptocurrency market. This effort accompanies plans to create a bitcoin treasury and reflects an overall friendlier stance towards crypto under the Trump administration, which has seen reduced scrutiny on digital currencies. The ETF will be managed by Yorkville America Digital and aims to track Bitcoin's market performance.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Ken Griffin, CEO and founder of Citadel, expressed astonishment at the rising prices of credit default swaps (CDS) for U.S. default insurance, which are approaching levels seen in some European countries. He highlighted concerns over the U.S. fiscal deficit while pointing out that it is 'unfathomable' to see U.S. risk costs exceed those of nations like Spain and Germany, emphasizing the need for better fiscal responsibility as the CDS spreads widen.
Source: YAHOO
Reported 2 months ago
Automakers are encountering production shortages as a result of China's export restrictions on rare earths. This has led to halted production of several vehicle models, including Ford's Explorer SUV and Suzuki's Swift. The supply chain issues are also impacting European suppliers and could significantly affect electric vehicle production by July, according to industry warnings.
Source: YAHOO
Reported 2 months ago
Credit-building products such as credit-builder loans, secured credit cards, and credit-building apps are essential tools for individuals with limited or poor credit histories looking to improve their credit scores. Each option offers unique benefits and challenges, including varying interest rates and approval conditions. By making timely payments and managing balances wisely, users can establish a stronger credit profile that may lead to more favorable loan conditions in the future.
Source: YAHOO
Reported 2 months ago
Regeneron is making headlines with its recent acquisition of 23andMe out of bankruptcy, presenting a unique twist in the ongoing saga of the biotech company's financial challenges and future potential.
Source: INVESTORS
Reported 2 months ago
Etihad Airways is expanding its cargo services by hiring Western Global Airlines, which recently exited bankruptcy, to operate a Boeing 747-400 freighter. The new partnership will increase Etihad Cargo's weekly freighter flights to China and London, aiming to meet growing demand in key trade lanes. The arrangement includes a contract for additional dedicated aircraft and crew to support cargo transport, including e-commerce and pharmaceuticals. This move comes as Etihad enhances cooperation with SF Airlines to boost connectivity and expand its operational capabilities.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Delta Air Lines Inc. is set to sell investment-grade bonds to repay a $1.6 billion government payroll loan taken during the pandemic. The airline aims to refinance the loan, which has been accumulating interest and is due in 2030, by offering three-year and five-year notes. This bond sale is part of a broader trend, as companies capitalizing on favorable borrowing conditions seek to meet their financial needs.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
The European Central Bank has cut its benchmark interest rate for the eighth time by a quarter point to support businesses and consumers amid concerns that President Trump's tariffs may hinder economic growth. ECB President Christine Lagarde emphasized that future decisions will depend on whether trade tensions with the U.S. can be resolved. The bank now faces challenges in stimulating growth, particularly as uncertainty persists regarding trade agreements.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Markets are rebounding toward record highs despite ongoing trade uncertainties, with experts suggesting that investors might be underestimating risks. Historically, market recoveries take about four months, but this time it seems to be happening in half that duration. Analysts warn that unresolved tariff negotiations could disrupt the recovery if not addressed properly.
Source: YAHOO
Reported 2 months ago
Silver prices have surged past $35 per ounce, reaching their highest level in over 13 years, driven by strong industrial demand and persistent supply deficits. Analysts noted that industrial uses contribute significantly to global demand, and the current market dynamics suggest a potential for silver prices to rise further, with some forecasts predicting prices could reach $40 or even $50 per ounce in the long term.
Source: YAHOO
Reported 2 months ago
Apple's App Store reported nearly $1.3 trillion in sales and billings for 2024, up from $514 billion in 2019, according to a report by Analysis Group. Physical goods and services made up 78% of sales, with the US leading in in-app purchases and advertising revenues, while China dominated in physical goods. Although Apple charges a 30% commission on digital goods, recent scrutiny and legal challenges have emerged regarding its App Store practices, including a notable antitrust lawsuit from Epic Games.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Analyst Jeffrey Small emphasizes that while Tesla (TSLA) is currently losing money on its vehicles, its promise in AI and autonomous driving positions it as the leading AI story globally. Despite a declining market share and faltering EV sales, particularly in California, Tesla's stock continues to rise due to optimism around self-driving technologies that could revolutionize the taxi industry.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS