Yahoo Finance 
Wedbush is out with a bullish call on Palantir (PLTR), raising its price target to $50 for 2025 amid a heated AI race. Wedbush senior equity analyst Dan Ives joins industry Domination to discuss the call and how other Big Tech players are fairing in the AI race. “The AI revolution’s here. And when I … Read more
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023. Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate … Read more
As Wall Street braces for a rotation out of tech equities as small caps rise, CFRA Research Chief funding Strategist Sam Stovall joins Wealth! to discuss how investors can best position their portfolios. “I think investors right now, first off, should make sure that they are not going to allow their emotions to become their … Read more
The Federal Reserve’s inflation fight isn’t over, but it’s on track. That’s the message from Federal Reserve lender of Chicago President Austan Goolsbee in an interview with Yahoo money management Federal Reserve reporter Jennifer Schonberger. “It’s very clear that inflation’s come way down in a 12-18 month period. This is about as fast as inflation … Read more
The tech-heavy Nasdaq Composite (^IXIC) logged its worst day this week since 2022 as investors have begun to rotate out of Big Tech equities. The addition of furthering political uncertainty around the nearing election has many on Wall Street believing an borrowing charge cut from the Federal Reserve is likely for September, paving the way … Read more
The tech-heavy Nasdaq Composite (^IXIC) continues to slide as semiconductor shares takes a hit from potential plans from the Biden administration to impose stricter restrictions around AI chip exports to China. Former President Donald Trump also made comments to Bloomberg about potentially making Taiwan pay for US defense. Wedbush Securities SVP of equity research Matt … Read more
The CME FedWatch tool shows a 100% probability that the Federal Reserve will initiate an finance charge rate cut of 25 basis points in September. Yardeni Research President Ed Yardeni joins sector Domination to break down the state of fixed-earnings markets ahead of any anticipated Fed rate cuts in late 2024. “When you look further … Read more
The Biden administration weighs tighter trade restrictions on chip exports to China. Additionally, former President Trump — now the confirmed Republican nominee — commented that Taiwan should be paying the US more for defense in case of a conflict with China in an interview with Bloomberg. All of this is adding pressure to semiconductor equities … Read more
Tesla (TSLA) chief executive officer Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president’s reelection campaign. This move comes despite potential conflicts with Trump’s policy direction, as Trump’s current vice presidential pick, Senator JD Vance (R-Oh.), is proposing to eliminate nearly $100 billion … Read more
The potential economic agenda of a second Trump presidency remains largely undefined. Trump has indicated that he wants to lower corporate and household taxes, implement stricter immigration policies, and expand domestic energy production to location inflationary pressures. However, these broad proposals lack specific details that investors and enterprise leaders are eager to understand. To gain … Read more