Economists around the world are expecting U.S. economic growth to slow in coming quarters, and some are still calling for a mild U.S. recession. It may become difficult for investors to find reliable growth stocks to buy if interest rates remain at 22-year highs for an extended period. Nevertheless, growth stocks have outperformed value stocks … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
CNBC’s Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. “Just because we haven’t seen the likes of them before doesn’t make them bogus,” he said. “They didn’t get their trillion-dollar valuations by fooling the most people. They got there because there … Read more
Key Takeaways Markets have started strong in 2024, and GDP grew 3.3% in the fourth quarter of 2023. Consumers are still fretting over high prices, and many are struggling with debt. Interest rates and the general election, among other factors, will greatly impact the markets this year. Slivers of sunlight have finally pierced through the … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more
Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023. Justin Sullivan | Getty Images Apple’s stock rallied in 2023, but its performance was outshined by all of its mega-cap tech peers, as the company suffered four straight quarters … Read more
CNBC’s Jim Cramer keyed in on the optionality of six of the companies that have become known as the “Magnificent Seven” during his Wednesday show. “The Magnificent Seven have the most optionality of any publicly traded companies in modern history,” Cramer said. “To sell any of them is to forget that they have this kind … Read more
“Project Ellmann” is an internal Google proposal to use artificial intelligence to help users get a “bird’s-eye view” of their life stories. The idea would to use LLMs like Gemini to ingest search results, spot patterns in a user’s photos, create a chatbot and “answer previously impossible questions” about a person’s life. The team also … Read more
Google shares jumped Thursday, a day after the company announced its latest artificial intelligence model called Gemini. Google executives said Gemini outperforms OpenAI’s GPT-3.5, but the company did not share how it compares with OpenAI’s latest model, GPT-4. Analysts are encouraged by Google’s progress in AI, but questions remain about how the company will monetize … Read more