Tesla (TSLA) bull Cathie Wood doesn’t see the electric vehicle maker’s recent price cuts as hurting the brand. Instead, they could be more of a problem for automakers trying to close the gap, she argued. “I think traditional automakers will have a hard time keeping up with the price drops that Tesla’s technology allows,” the …
Cathie Wood on Tesla price cuts: Rival EV makers will struggle to keep pace Read More »
Investors crowded into stocks and bonds on Thursday as they seized on signs that interest rates were set to peak on both sides of the Atlantic. Stocks on Wall Street soared to their highest level since August, while government bonds in Europe staged their biggest one-day rally in years. The gains came after the Bank …
Stocks and bonds soar as investors bet peak interest rates are near Read More »
Even for the safest debt, last year’s bond market was unforgettable, but opportunities are emerging now that investor confidence is at an all-time high to start the year. This is again fueling investor interest in riskier debt, including emerging markets (EM). A strong dollar for much of 2022, higher interest rates and rising global inflation …
Investors soak up emerging market bonds in early 2023 Read More »
The European Central Bank raised interest rates by half a percentage point on Thursday and pledged to do the same in March, as its president Christine Lagarde warned that eurozone inflation remained “far too high.” high”. The ECB decided to continue aggressive tightening after raising the benchmark deposit rate to 2.5%, saying in its post-meeting …
ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’ Read More »
Following this advice from Dave Ramsey could end up costing you dearly. Key points Saving money on groceries can help make room in your budget. Dave Ramsey gave some tips for cutting grocery expenses, but one of his suggestions might actually cost you money. Growing a garden costs a lot more than you think. If …
This tip from Dave Ramsey for saving on groceries could backfire Read More »
Could a recession be positive for the markets? Photo credit: Shutterstock December was difficult for the markets, but they rebounded to start the year. In January, all US indices posted gains, with international markets doing even better and bond markets rebounding strongly. All in all, it was a good start to 2023 after a very …
Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million …
ChatGPT sets record for fastest growing user base – analyst note Read More »
Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
NEW YORK, Feb 2 (Reuters) – The euro fell against the dollar on Thursday after the European Central Bank (ECB) raised interest rates by a widely expected 50 basis points and offered no further hawkish surprises. , while the Bank of England (BofE) adopted a more dovish tone on inflation. The ECB forecast at least …
Euro plunges as ECB responds to market expectations Read More »
Gautam Adani, billionaire and chairman of the Adani Group, speaks at an event at the Israeli port of Haifa on Tuesday. The Indian billionaire, whose business empire has been rocked by allegations of fraud by short seller Hindenburg Research, said his company would make more investments in Israel. Kobi Wolf/Bloomberg via Getty Images hide caption …
How Asia’s richest ex-man lost nearly $50 billion in just over a week Read More »
