The US microchip giant Nvidia has gained the entire value of Britain’s biggest listed company in a single day as the artificial intelligence (AI) boom sent shares to a fresh record high...
Continue ReadingElon Musk has attacked Joe Biden’s plans for a 100pc tariff on electric cars made in China despite Tesla potentially being poised to benefit from the levy...
Continue ReadingToday's Research Daily features new research reports on 16 major stocks, including Apple (AAPL), Mastercard (MA) and Amgen (AMGN), as well as two micro-cap stocks Utah Medical Products, Inc. (UTMD) and Bridger Aerospace Group Holdings, Inc. (BAER)...
Continue ReadingMarket Chatter: Warner Bros. Discovery Considers Matching Amazon's Bid for NBA Game Rights...
Continue ReadingTesla just sounded the alarm: EV demand is not as strong as we thought it was...
Continue ReadingThe S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are raring to go as they open Thursday's session higher after Nvidia's (NVDA) more than promising first-quarter earnings reported after Wednesday's market close. Catch Yahoo Finance's exclusive interview with Nvidia CEO Jensen Huang. The Morning Brief Anchors Seana Smith and Brad Smith walk you through everything Nvidia this morning and how stocks are reacting to the chipmaker's latest earnings beat. Charles Schwab Chief Global Investment Strategist and Managing Director Chief Global Investment Strategist and Managing Director Jeffrey Kleintop sees market drivers moving out of just the tech sector, as European economic data shows promise, also outlining trade tensions between the United States and China to be possible headwinds for Nvidia going forward. In other news, the US Justice Department is reportedly prepping an antitrust lawsuit against concert and event ticket seller Live Nation Entertainment (LYV). After the release of the Federal Reserve's May FOMC meeting minutes, JPMorgan Chase (JPM) CEO Jamie Dimon and Goldman Sachs (GS) CEO David Solomon have weighed in on the state of the US economy, voicing concerns for a hard-landing scenario and the Fed's path for interest rates. This post was written by Luke Carberry Mogan...
Continue ReadingEconomic data from the US S&P Global Composite Purchasing Managers Index (PMI) was released on Thursday morning, reaching 54.4 in May, the highest level in over two years. Speculation about how the Federal Reserve will make its next policy decision mounts as the data adds to signs of growing US economic output, with Treasury yields (^TNX ^TYX, ^FVX) also climbing. Many CEOs are following Tesla CEO Elon Musk's (TSLA) footsteps as the number of CEOs who have received annual compensation packages above $50 million has increased in recent years. For more expert insight and the latest market action, click here...
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Continue ReadingLast month, the EV maker asked shareholders to reaffirm their approval for Musk's record-breaking compensation after a Delaware judge rejected the package in January. Scottish Mortgage had agreed to the package Tesla set in 2018 and after agreeing to the deal, the firm believes the amount should be paid out, Tom Slater, manager at the investment trust said...
Continue ReadingGoogle shows AI technology still has a way to go—a long way...
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