It might seem at times that investors care more about Jensen Huang than Federal Reserve Chair Jerome Powell. Huang is the longtime CEO of chip maker Nvidia Corp. NVDA , which stole the show last week by blowing away already lofty earnings expectations and leading stocks to new rounds of all-time highs, even as nagging
Thanks for joining us. To kick off the week, we have figures showing that the asking prices for homes has increased for the first time in six months in a sign of confidence returning to the property market. Rightmove said the average price of a property listed on its website has increased by 0.1pc compared
The Federal Reserve’s pushback on expectations for interest-rate cuts over the past two weeks has investors closing watching inflation data and piling more cash into money-market funds. Investors stashed a record $6.48 trillion away in U.S. money-market funds through the end of January, with the balance growing as euphoria in December over a Fed policy
42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its
While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays target. Such a scenario
Published: Feb. 2, 2024 at 6:47 p.m. ET One of Wall Street’s biggest bears will be giving up some of his duties, stirring memories for some investors and market mavens of a previous shakeup that proved ill-timed for the market. Mike Wilson will leave his post as chair of Morgan Stanley’s Global Investment Committee but
An Hour Ago Crypto stocks jump after SEC greenlights U.S. bitcoin ETFs 2 Hours Ago House committee demands a hearing with SEC Chair Gensler after X account controversy The House Financial Services Committee now wants SEC Chair Gary Gensler to provide details on what led up to the regulator’s X account posting a false social
Thanks for joining me. House prices increased by 1.1pc last month and by 1.7pc over the course of 2023, according to the latest data from lender Halifax. The average home was worth £287,105 in December, up more than £3,000 on the previous month. 5 things to start your day 1) Car market permanently smaller because
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow