Stocks, bonds and the dollar saw small moves on Monday, with traders awaiting the latest inflation figures, remarks from Federal Reserve speakers and results from giant retailers. In a thin trading session, the S&P 500 hovered near its key 4,400 mark. The gauge closed little changed after posting nine positive days out of 10 — … Read more
Stock Market Today: Dow, S&P Live Updates for Nov. 6 Bloomberg Source link
Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc. The under-performance of cyclical equities this month signals concern that the recent tightening of financial conditions will stymie economic growth, Goldman … Read more
10/24 update below. This post was originally published on October 23 BitcoinBTC and other major cryptocurrencies including ethereum and XRPXRP have suddenly rocketed as BlackRock and JPMorgan quietly lay the groundwork for the next bitcoin price bull run. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster … Read more
Stock Market Today: Dow, S&P Live Updates for Oct. 16 Bloomberg Source link
Stock Market Is Stuck in a Late-Cycle ‘Muddle,’ Morgan Stanley’s … Bloomberg Source link
Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index. Take Societe Generale’s Manish Kabra, who boosted his year-end target last week on the index to 4,750 from 4,300 — 25% above his original call of 3,800 heading … Read more
News Technology Tech Tesla supercomputer likely to boost market value by $600 bln – Morgan Stanley Morgan Stanley raised its revenue estimate from Tesla’s network services business to $335 billion in 2040, from $157 billion earlier. Tesla shares were up nearly 5.7% at $262.63 in premarket trading. (REUTERS/Dado Ruvic) Listen to this article Your browser … Read more
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists at the investment bank including … Read more
AI Roundup: Morgan Stanley has announced the development of its AI chatbot to deal with wealthy clients, while Google Cloud announced a partnership with CERT-In to hold cybersecurity AI hackathons for government officials. On the other hand, AI-powered AADHAR innovations were unveiled by UIDAI at the Global Fintech Festival 2023 in Mumbai. All this, and … Read more