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Stocks

“6 Artficial Intelligence (AI) Stocks Are Worth Over $1 Trillion. Here Are the 2 Most Likely to Join the Club Next.”

“…Next in the club Which AI companies are in the best position to join these six in the $1 trillion club? My votes go to Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM)… While I predict Broadcom and Taiwan Semiconductor will be the next… Continue Reading…

Economy

[Attack The Poor] “Black taxpayers more likely to face audits, IRS confirms

“The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University,… Continue Reading…

Banking, Economy

“Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated”

“Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the… Continue Reading…

Stocks

“Current stock market rally ‘likely to mark the high point’ for 2023: JPMorgan”

“…The strong rally across the major indices so far this year has surprised many market watchers, especially given that the Federal Reserve is hot off another interest rate hike as it continues to try and combat nagging inflation. Several Fed… Continue Reading…

Economy

“Argentina Inflation Hits 79% Ahead of Likely Rate Hike”

“…Clothing prices rose 109% from a year earlier, while food costs increased by 80%. Worse may be to come, since the government raised regulated utility prices in September, which will have a knock on effect in several sectors… Central bank… Continue Reading…

Banking

“Wall Street layoffs likely ahead as two-year hiring boom turns to bust”

“…IPO volumes have dropped a staggering 91% in the U.S. from a year earlier, according to Dealogic data. Companies are unwilling or unable to issue stock or bonds, leading to steep declines in equity and debt capital markets revenues, especially in… Continue Reading…

Economy

“51% of workers are likely to look for a new job this year: How to spot red flags before you interview”

“Just over half, 51% of Americans say they are likely to look for a new job in the next 12 months, according to a recent Bankrate survey of 2,449 adults. Post pandemic, among workers’ key priorities are higher pay (52%), flexible work hours (43%), and the ability… Continue Reading…

Business

“Evergrande default is highly likely, S&P says”

“BEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday. Evergrande was China’s second-largest developer by sales last year. Like many Chinese developers, the… Continue Reading…

Business, Investing, Real Estate

“Soros says BlackRock’s China investments likely to lose money – WSJ”

“Billionaire investor George Soros said BlackRock Inc investing billions of dollars into China now is a “mistake” and will likely lose money for the asset manager’s clients, according to an opinion piece in the Wall Street Journal. “Pouring billions of… Continue Reading…

Economy

“U.S. Economy Likely to Reopen in May…”

“A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current… Continue Reading…