The Congressional Budget Office (CBO) now projects that the US government budget deficit will near $2 trillion this year, a significant upward revision of 27% from previous estimates. The CBO also forecasts that over the next decade, the deficit will equal or exceed 5.5% of GDP each year, marking the first time since the 1930s that it has remained at such a high proportion for over five consecut...
$NVIDIA(NVDA.US)$has become the world's most valuable public company. Founded in 1991, Nvidia initially focused on gaming hardware but has seen its stock soar in recent years as its technology became crucial for AI development. This surge has elevated co-founder and CEO Jensen Huang's net worth to approximately $117 billion, placing him as the world's 11th wealthiest person. On Tuesday, its shares rose 3.5%, b...
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This is normal pass msft and appl AI is super hot issue and msft windows over 20 years looks like traditional business and apple I phone after Steve job pass away nothing fresh (all I pod I phone I pad came from Steve job idea) Tim Cook maybe only I watch lol future just another traditional business like IBM
Fed Chair Jerome Powell stated that the US economy is moving in the right direction, expecting inflation pressures to continue to ease. He did not commit to a specific timing for rate cuts, emphasizing that any decisions will depend on future economic data. Richmond Fed President Thomas Barkin, a voting member of the FOMC this year, said rate cuts would require sustained and broad-based inf...
Immigration has helped the U.S. job market sustain a strong run in recent months without reigniting inflation, economists and analysts say. As CNBC’ Rebecca Picciotto writes, the U.S. economy added a whopping 272,000 jobs in May, but the consumer price index was unchanged. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. Recent spikes in immigration at the southern border and elsewhere in the U.S. hav...
$BYD COMPANY(01211.HK)$$Tesla(TSLA.US)$$NIO Inc(NIO.US)$$XPeng(XPEV.US)$The article reported that Warren Buffett's Berkshire Hathaway (BH) is cutting its stake in Chinese EV maker BYD Company after selling nearly $40 million worth of BYD stock. BH sold an additional 1.3 million of BYD stock worth a total of nearly $40 million. That is according to a filing to the Hong Kong Stock Exchange and the sale reduced work holding ...
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On Tuesday, its shares rose 3.5%, b...
Richmond Fed President Thomas Barkin, a voting member of the FOMC this year, said rate cuts would require sustained and broad-based inf...
The weak retail sales data in May highlighted the sluggish consumer spending, reinforcing investor expectations for a rate cut by the Fed this year.
Following the data release, Treasury yields accelerated their decline, with the yield on the 2-year Treasury plunging.
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As CNBC’ Rebecca Picciotto writes, the U.S. economy added a whopping 272,000 jobs in May, but the consumer price index was unchanged. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. Recent spikes in immigration at the southern border and elsewhere in the U.S. hav...
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