Call of the week: Goldman gets call on oil wrong
Yahoo Finance’s call of the week is Goldman Sachs revising its bullish call on oil. It turns out that even top analysts don’t always get it right.
The insurer was accused by a short-seller of "extensive" fraud.
Will Chinese "overproduction" of semiconductor chips swamp the market?
Dow Jones futures and S&P 500 futures were little changed after hours, while Nasdaq futures rose slightly. Nvidia chipmaker Taiwan Semiconductor reports early Thursday, with huge implications for the chip sector.
Raoul Pal has an extensive background in financial markets. He has served as head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. More recently, he started his own crypto hedge fund, investment research firm and financial knowledge platform. His opinion on crypto is valued around the world, and he is constantly sending out market insights to his 1 million followers on X. Pal considered many factors to arrive at his prediction that Bitcoin will
Investors rarely get a chance to buy growth stocks at such depressed valuations.
With strong demand and AI partnerships with Google in hand, Nvidia stock shows resilience and etches a potential breakout.
(Bloomberg) -- This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina
(Bloomberg) -- Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Powell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster
Prominent billionaire money managers pared down their stakes in artificial intelligence (AI) titan Nvidia in the December-ended quarter and piled into two of the company's top architectural competitors.
(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding data centers, especially those required to support AI. Houston, Texas-based Kinder Morgan had said in January it continues to have a bullish outlook for natural gas demand due to demand from LNG export facilities and increased exports from Mexico.