The AI race has pushed the industry to record highs this year, sparking investor concerns of a pullback. Capital Economics Group chief economist Neil Shearing joins Morning Brief to break down why he thinks there’s more room for expansion amid continued demand for the technology. “Normally, what happens during these big breakthrough technologies is that … Read more
President Joe Biden exited from the 2024 presidential race on Sunday, throwing his support behind Vice President Kamala Harris to be the Democratic nominee. WisdomTree Global CIO Jeremy Schwartz joins sector Domination to discuss how markets (^DJI, ^IXIC, ^GSPC) are reacting to the news and how it may affect the small-cap rally (^RUT). “The markets … Read more
The CrowdStrike outage greatly impacted not only airlines but also various sectors in healthcare and hospitality. San Jose State Professor Ahmed Banafa explains that the outage affected many more people than a typical IT failure impacting just one enterprise. He notes that fixing the issue requires manually deleting a malicious file from thousands of computers, … Read more
US Vice President Kamala Harris has begun her campaign to run to be the Democratic nominee for the 2024 presidential election. There are many questions about her policies and how she may frame her campaign, but one of the biggest questions is who she will choose as a running mate. Yahoo financial Senior Columnist Rick … Read more
Nvidia (NVDA) is currently working on a new version of its Blackwell chips for the China sector, which would be compatible with current US export regulations, according to a report from Reuters. Shares of the enterprise are moving higher on Monday morning, after having trading lower most of last week. Catalyst Anchors Madison Mills and … Read more
On this episode of, “Financial Freestyle with Ross Mac,” Sekou Kaalund, head of branch and small enterprise banking at U.S. money institution, discusses his mission-driven life. He shares his journey from aspiring to hold public office at age five to becoming an influential figure in banking. Driven by his mantra of making a difference, Kaalund … Read more
Tesla (TSLA) earnings are due out tomorrow — Tuesday, July 23 — as the EV maker seeks to unveil its own robotaxi this October and rollout humanoid robots in its factories in 2025. Roth MKM senior research analyst Craig Irwin has a Neutral rating on Tesla stock with a price target of $85 per share, … Read more
LPL Financial chief global strategist Quincy Krosby joins Catalysts to break down the state of the sector as the second quarter earnings season is underway. “The fact of the matter is, we’re in a period, in terms of seasonality, it’s pretty dicey. Going into August it tends to be difficult. September could be difficult, particularly … Read more
With President Biden dropping from the race, Vice President Kamala Harris is seen as the frontrunner to be the Democratic nominee. It brings up questions about what her policies and stances will be on everything from crime to the economy. If she does win the nomination, she’s going to face a tough race with former … Read more
Nvidia (NVDA) shares are rallying in Monday’s trading session following a price target upgrade from Piper Sandler. The capital firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating and citing “extremely strong” demand for the firm’s products. Similarly, Apple (AAPL) received a boost from Wells Fargo analysts, who raised … Read more