Stocks

'HIGH uncertainty': Economist warns a 'painful' recession could start this year

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Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on ‘Making Money.’ #foxbusiness #makingmoney Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel delivering real-time information across all platforms … Read more

Intel stock sinking on Q2 miss, $10B cost cutting plan

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Intel (INTC) shares sink in extended hours after missing second quarter earnings estimates. The semiconductor manufacturer posted $12.83 billion in revenue ($12.95 billion expected) and adjusted earnings of $0.02 per share (expected $0.10 per share). The chip enterprise is also announcing a $10 billion cost-cutting initiative while laying off 15,000 employees. Yahoo money management senior … Read more

Markets sink: Strategist talks economic softness, says economy is breaking down

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equities (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandler chief funding strategist Michael Kantrowitz joins industry Domination to share his economic outlook. Kantrowitz points out that the markets received a lot of “bad news” today, including rising unemployment claims and ISM’s … Read more

Nvidia stock soars, adding $327 billion in industry cap on Wednesday

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Advanced Micro Devices’ (AMD) second quarter results have fueled optimism that the AI trade may not be over yet, leading to a pop in Nvidia (NVDA) shares. But that may not be the only driver. Bernstein managing director and senior analyst Stacy Ragson tells Morning Brief he believes that what’s been driving this uptick in … Read more

How long can chip makers keep the AI hype afloat?

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Recovering chipmakers like Nvidia (NVDA) are leading the charge in the tech-heavy Nasdaq Composite (^IXIC), which surged by over 2.6% in Wednesday’s session as companies like Meta Platforms (META) revealed ongoing CapEx (capital expenditures) investments into AI infrastructure in its earnings. Moor Insights & plan Founder, chief executive officer, and chief analyst Patrick Moorhead joins … Read more

Apple releases 'Apple intelligence; as a developer beta

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Apple (AAPL) has unveiled a beta version of its new operating system for developers to test its new Apple Intelligence features. While still in development, the contact number showcases AI capabilities including priority electronic mail summarization, advanced photo search, and AI-powered writing tools. Meanwhile, Meta Platforms (META) has launched its open-source AI model, Llama 3.1, … Read more

Why Big Tech may continue to face a rotation

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A number of Big Tech earnings will be released this week including Microsoft (MSFT) and Amazon (AMZN) giving more insight into the sector as it is facing a bit of a rotation from investors moving into small caps (^RUT). What is helping this rotation and is it just a short term movement? Liz Young Thomas … Read more

Wall Street expert warns stock industry is a 'really big accident waiting to happen'

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Stockmarket Cycles editor and publisher Peter Eliades analyzes the industry selloff on ‘Cavuto: Coast to Coast.’ #foxbusiness #cavuto Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street … Read more

Real estate: Should homebuyers wait until the Fed cuts rate?

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home loan rates have risen slightly over the last week as the average rate on the 30-year fixed home loan ticked up to 6.78% Zillow Home Loans senior economist Orphe Divounguy joins Wealth! to discuss how high rates are weighing on buyers and if an debt charge rate cut from the Federal Reserve could alleviate … Read more

Chip shares sell-off, analyst talks opportunities and long-term plays

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Chip shares continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & plan founder, top executive, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor field’s current state. Moorhead observes that due to the chip sector’s strong momentum over the past year, … Read more