US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading.
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Bears have faced a challenging few years, feeling like an eternity since the 2019 flash crash had pessimists forecasting a financial downturn akin to the 2008 crisis. Similarly, the early stages of the pandemic painted a grim economic picture — until unexpected monetary policies propelled stocks to unprecedented heights, even as reasonable assessments made them
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Wall Street continues assigning buy ratings for artificial intelligence (AI) stocks. The sector’s rally remains solid as corporations post record revenue and earnings. Some AI stocks have overstretched themselves and need perfection to justify their valuations. However, a few AI stocks can still deliver long-term gains. Although investors can analyze stocks, it’s a good idea
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In a March column on Nvidia stock (NASDAQ:NVDA), I wrote that the company’s long-term outlook was strong due to my belief that the utilization of artificial intelligence would grow tremendously in the coming years. However, I warned that Nvidia stock could undergo significant pullbacks in the short-to-medium term, largely due to increased competitive threats in
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