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Economy, Stocks

“BofA says chip stocks won’t peak until mid-2026, and that these 3 sub-industries will thrive until then”

“… …” https://finance.yahoo.com/news/bofa-says-chip-stocks-wont-013254042.html 2026 is the peak? The economy will more than likely collapse before then. Everyone sees what’s happening in the EV market. Now investing in cars after the crash might be a good idea but before? No. That’s… Continue Reading…

Business, Economy

“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”

“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity… Alphabet shares trade at a reasonable valuation Going forward, digital ad spending… Continue Reading…

Economy, Stocks

“The S&P 500 could plunge as much as 70% this cycle as markets hit a ‘motherlode’ of FOMO extremes, famed fund manager says”

“…All-time highs in the stock market give the impression of a runaway rally, but it’s a bull run that will eventually come crashing down, John Hussman said in a new note. The legendary bear, famed for predicting the 2000 and 2008… Continue Reading…

Economy, Stocks

“Dow Jones Slides 375 Points After Jobless Claims, GDP; Salesforce Plunges 20% On Earnings” – May 30, 2024

“The Dow Jones Industrial Average tumbled 375 points Thursday after weekly unemployment claims and quarterly GDP data both came in weaker than expected. Dow Jones giant Salesforce (CRM) plunged on the stock market today after the company’s earnings report, while artificial intelligence… Continue Reading…

Economy

“37% of Americans paid a late fee in the last 12 months, report finds”

“Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been charged a late fee on a bill in the last 12 months, according to a new report by NerdWallet. Credit card late fees were the… Continue Reading…

Economy

“GameStop stock surges on $933M stock sale”

“…They are surging this morning up by about 26%. This move comes after the video game retailer announced Friday that it made $933 million from selling 45 million common shares…” https://finance.yahoo.com/video/gamestop-stock-surges-933m-stock-133927723.html

Economy

“Fed’s Kashkari wants to see ‘many more months’ of positive inflation data before a rate cut”

“…The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari… Continue Reading…

Economy, Real Estate

“Skyrocketing rents and home prices may be pivotal in the 2024 election”

“…Housing is largely a local issue, yet it’s presenting a challenging and complex problem in Nevada and other battleground states with implications for this year’s race between President Biden and former president Donald Trump. Biden has proposed specific policies and… Continue Reading…

Economy

“Macy’s beats low Q1 estimates as it weighs between a turnaround and a buyout”

“…On Tuesday morning, the department store chain reported revenue of $4.85 billion, down 2.7% compared to last year and slightly higher than Wall Street’s estimates of $4.81 billion. Its adjusted earnings per share of $0.27 also topped the $0.14 expected.… Continue Reading…