Implications of the collapse of US software stocks: At least at this stage, AI is a replacement for software, not a benefit!

Driven by the AI boom, the tech industry is currently undergoing an unprecedented drastic reshuffle. This week's earnings reports from software and enterprise technology companies reveal the pain of this turning point — performance is generally weak, and the outlook is uncertain.

wallstreetcnJun 2 06:46 ET

Expectations are full! Just next week, the ECB will take the lead in starting a cycle of interest rate cuts

The ECB's interest rate cut in June was fixed, but Deutsche Bank believes that the ECB is still plagued by high inflation, weak growth, upward pressure on wages, and exchange rate fluctuations. It is expected that it will not cut interest rates month by month but only once every quarter.

wallstreetcnJun 2 05:18 ET

On the last trading day of May, the US stock market staged a "20-minute shocking reversal"! Will it continue to rise in June?

With the help of the strong rebound in the last 20 minutes of the trading day, the benchmark stock index of the U.S. stock market, the S&P 500 index, rose nearly 1% on Friday.

Zhitong FinanceJun 1 03:29 ET

The US election is back on track! Trump's 34 felony verdicts shocked Wall Street; Trump's media still fell more than 8% at night

A New York jury recently handed down a historic ruling. Former President Donald Trump was found guilty of all 34 counts of falsifying business records in his criminal trial on sealing fees

Zhitong FinanceMay 30 19:49 ET

How can the Federal Reserve reduce inflation? This major bank made a suggestion: cut interest rates!

Rick Rieder, BlackRock's chief investment officer for global fixed income and head of the global allocation team, said, “Currently, it is unclear to me whether higher (interest rates) will help reduce inflation or actually boost inflation.”

Zhitong FinanceMay 24 09:03 ET

“Good news is bad news”! Overnight, investors “sold everything” except Nvidia

As Nvidia reached new heights, everything else plummeted.

wallstreetcnMay 24 02:12 ET