ColumnsBiden says in State of the Union economy is building 'from the bottom up'
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President Joe Biden used his State of the Union Address Tuesday night to tout what he said were the economic successes of his administration in an attempt to assuage concerns of a public that remains largely skeptical of his performance two years into his term.
Speaking before a joint session of Congress, Biden said that despite the ongoing spectre of inflation weighing on Americans' minds ever...
President Joe Biden used his State of the Union Address Tuesday night to tout what he said were the economic successes of his administration in an attempt to assuage concerns of a public that remains largely skeptical of his performance two years into his term.
Speaking before a joint session of Congress, Biden said that despite the ongoing spectre of inflation weighing on Americans' minds ever...
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ColumnsTen top growth stocks and 10 top value stocks from BofA's screens
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$Chipotle Mexican Grill(CMG.US$ made it into the top 10 of the BofA quant growth screen, while $Principal Financial(PFG.US$ now ranks in the top for value.
"The screens are quantitatively generated and are based on our proprietary BofA vs. Consensus Earnings Surprise Model plus three additional screening criteria," BofA's equity and quant teams wrote in a note. "The universe we use is the$S&P 500 Index(.SPX.US$ ."...
$Chipotle Mexican Grill(CMG.US$ made it into the top 10 of the BofA quant growth screen, while $Principal Financial(PFG.US$ now ranks in the top for value.
"The screens are quantitatively generated and are based on our proprietary BofA vs. Consensus Earnings Surprise Model plus three additional screening criteria," BofA's equity and quant teams wrote in a note. "The universe we use is the$S&P 500 Index(.SPX.US$ ."...
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ColumnsWhy did Nvidia shares climb 5% Tuesday? Chips rally with Microsoft's AI plans
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$NVIDIA(NVDA.US$ shares climbed more than 5% Tuesday on heavier-than-usual volume during what was a largely upbeat day for semiconductor stocks.
More than 65M shares of Nvidia stock had been exchange by the time U.S. stock markets closed. Nvidia averages nearly 46M shares exchanged on a daily basis.
Among other notable chip stocks, $Advanced Micro Devices(AMD.US$ rose by 2.7%, $Intel(INTC.US$ shares ta...
$NVIDIA(NVDA.US$ shares climbed more than 5% Tuesday on heavier-than-usual volume during what was a largely upbeat day for semiconductor stocks.
More than 65M shares of Nvidia stock had been exchange by the time U.S. stock markets closed. Nvidia averages nearly 46M shares exchanged on a daily basis.
Among other notable chip stocks, $Advanced Micro Devices(AMD.US$ rose by 2.7%, $Intel(INTC.US$ shares ta...
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ColumnsFed Chair Powell says inflation is starting to ease, but interest rates still likely to rise
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KEY POINTS :
√ Federal Reserve Chairman Jerome Powell said Tuesday that disinflation “has begun” but is going to take time.
√ Markets latched onto Powell’s words and briefly turned positive, before flipping back to negative after he cautioned about stronger-than-expected economic data.
√ “If we continue to get, for example, strong labor market reports or higher inflation repo...
KEY POINTS :
√ Federal Reserve Chairman Jerome Powell said Tuesday that disinflation “has begun” but is going to take time.
√ Markets latched onto Powell’s words and briefly turned positive, before flipping back to negative after he cautioned about stronger-than-expected economic data.
√ “If we continue to get, for example, strong labor market reports or higher inflation repo...
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ColumnsAI in spotlight as Google, Microsoft and Cathie Wood support hot tech trend
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The year is barely a month old, but 2023 is already turning out to be one where artificial intelligence is going to dominate the strategies of businesses and the attention of investors.
And this week showed that the biggest of the big names in tech are pushing more of their resources into the nascent area of AI in what is almost a fear-of-missing-out situation, even with the market still find...
The year is barely a month old, but 2023 is already turning out to be one where artificial intelligence is going to dominate the strategies of businesses and the attention of investors.
And this week showed that the biggest of the big names in tech are pushing more of their resources into the nascent area of AI in what is almost a fear-of-missing-out situation, even with the market still find...
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ColumnsGoogle to launch Bard chatbot for feedback as it steps up AI competition
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$Alphabet-C(GOOG.US$ CEO Sundar Pichai said on Monday the tech giant would unveil its Bard chatbot for feedback, with a wider public release coming in short order as it steps up its general artificial intelligence offerings.
In a blog post, Pichai said the Bard chatbot would be powered by Language Model for Dialogue Applications, or LaMDA, Google's artificial intelligence.
"Bard seeks to combin...
$Alphabet-C(GOOG.US$ CEO Sundar Pichai said on Monday the tech giant would unveil its Bard chatbot for feedback, with a wider public release coming in short order as it steps up its general artificial intelligence offerings.
In a blog post, Pichai said the Bard chatbot would be powered by Language Model for Dialogue Applications, or LaMDA, Google's artificial intelligence.
"Bard seeks to combin...
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ColumnsDrug price inflation continues upward momentum at 3.8%
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Even as the world's best-selling drug Humira faces copycats this year, the overall drug price inflation rate is expected to hit 3.78%, continuing the recent upward trend, healthcare analytics firm Vizient projects.
While the estimated overall drug price inflation indicates a modest rise relative to recent years, it "does represent a trend towards more significant increases," Vizient said in its Winter 2023 Pharma...
Even as the world's best-selling drug Humira faces copycats this year, the overall drug price inflation rate is expected to hit 3.78%, continuing the recent upward trend, healthcare analytics firm Vizient projects.
While the estimated overall drug price inflation indicates a modest rise relative to recent years, it "does represent a trend towards more significant increases," Vizient said in its Winter 2023 Pharma...
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ColumnsAI in spotlight as Google, Microsoft and Cathie Wood support hot tech trend
Welcome to click to follow~~
The year is barely a month old, but 2023 is already turning out to be one where artificial intelligence is going to dominate the strategies of businesses and the attention of investors.
And this week showed that the biggest of the big names in tech are pushing more of their resources into the nascent area of AI in what is almost a fear-of-missing-out situation, even with the market still find...
The year is barely a month old, but 2023 is already turning out to be one where artificial intelligence is going to dominate the strategies of businesses and the attention of investors.
And this week showed that the biggest of the big names in tech are pushing more of their resources into the nascent area of AI in what is almost a fear-of-missing-out situation, even with the market still find...
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ColumnsMeta's spending cuts could impact Arista, Nvidia and Pure Storage
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In conjunction with $Meta Platforms(META.US$fourth-quarter results and guidance that stunned Wall Street this week, the Mark Zuckerberg-led company is increasingly focused on "efficiency," having mentioned it more than 40 times on its earnings call.
With the push towards being more streamlined, Meta Chief Financial Officer Susan Li now expects the company's 2023 full-year expenses to be between $89B a...
In conjunction with $Meta Platforms(META.US$fourth-quarter results and guidance that stunned Wall Street this week, the Mark Zuckerberg-led company is increasingly focused on "efficiency," having mentioned it more than 40 times on its earnings call.
With the push towards being more streamlined, Meta Chief Financial Officer Susan Li now expects the company's 2023 full-year expenses to be between $89B a...
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Wall-Street Call
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ColumnsUS Tech Giants from Hiring to Firing : Pandemic-era headcount expansion is getting a trim
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In comparison, it seems that theUS Tech giants layoffs are just a drizzle, and not enough to make us feel US recession.
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$Dow Jones Industrial Average(.DJI.US$$Nasdaq Composite Index(.IXIC.US$$S&P 500 Index(.SPX.US$$Tesla(TSLA.US$$Microsoft(MSFT.US$$NVIDIA(NVDA.US$$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$$Amazon(AMZN.US$$Apple(AAPL.US$$Netflix(NFLX.US$$Meta Platforms(META.US$
In comparison, it seems that theUS Tech giants layoffs are just a drizzle, and not enough to make us feel US recession.
Welcome to click to follow~~
$Dow Jones Industrial Average(.DJI.US$$Nasdaq Composite Index(.IXIC.US$$S&P 500 Index(.SPX.US$$Tesla(TSLA.US$$Microsoft(MSFT.US$$NVIDIA(NVDA.US$$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$$Amazon(AMZN.US$$Apple(AAPL.US$$Netflix(NFLX.US$$Meta Platforms(META.US$
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