Wall Street to Jerome Powell: We don’t Believe You
Powell and his fellow Fed committee members yesterday hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers are getting the best savings rates in a generation.
Chinese Search Giant Baidu to Launch ChatGPT-Style Bot
Baidu Inc. (BUDU) is planning to roll out an artificial intelligence chatbot service similar to OpenAI’s ChatGPT,
U.S. Economic Growth Stronger than Expected, but Not by Much
The U.S. economy fared better than expected at the end of last year, despite higher borrowing costs and the rising cost of living weighing on activity.
China’s Reopening Comes With a $720 Billion Inflation Bomb
In China, the reopening of the economy is coming at a time when its central bank is in easing mode – potentially making it all the more inflationary.
U.S. Economy Losing Momentum As Retail Sales Post Biggest Drop In 12 Months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
China's Population is Shrinking. The Impact Will be Felt around the World
China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.
Bitcoin Roars Past $20k in Surprise Surge. Can the Rally Last?
Crypto investors have been starved for good news for months, and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.
NVidia (NVDA) Upgrading GeForce Now In 2023 — Rtx 4080 Gpus Bring 4k Gaming
As of January 2023, NVIDIA reports that over 25 million users have tried the GeForce Now service.
Exxon Mobil Shows Strength Compared To The S&P 500: Here's What's Going On
Exxon Mobil Corporation (XOM) is beginning on a period of production growth.
Fed Officials See Higher Rates for ‘Some Time’ Ahead
Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting.
U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
Apple Stock Faces Major Test that could Turn ‘Quite Bearish’ after $130 Level
After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has chart watchers eyeing further declines for the tech giant's shares.
Energy Minister Novak Warns that Russian Oil Production Curb Needed
The Kremlin will mandate Russian oil producers to reduce output and avoid compliance to a recently introduced price cap mechanism, according to the country’s deputy prime minister in charge of energy issues Alexander Novak.
Japan Delivered a Cold Shower to Investors Across the Globe
A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday.