Finance

The Chief Economist at Nomura Research Institute, Richard Koo, has emphasized that in order for China’s economic activity to thrive, the narrative surrounding home prices must shift to convey an upward trajectory. Business and consumer willingness to take out new loans has been lackluster at the start of the year, with home prices experiencing a

The energy company GE Vernova saw a 5.4% gain in their shares after receiving an upgrade to overweight from JPMorgan. The firm recommended buying the dip in GE Vernova, as shares had pulled back since the spinoff from General Electric. This pullback was largely attributed to technical and flowback selling, and as a result, the

A recent addition to the ETF market is attempting to capitalize on profits within the municipal funds space. Joanna Gallegos, from BondBloxx, has launched the IR+M Tax-Aware Short Duration ETF (TAXX) less than a month ago. This ETF is aiming to provide investors with a unique perspective on municipal bond portfolios and the potential for

Federal Reserve Governor Michelle Bowman recently expressed her view that interest rates may need to rise in order to control inflation, rather than the anticipated cuts that the market is expecting. This stance is contrary to her fellow officials who have indicated a preference for rate cuts. Bowman highlighted the importance of being cautious in

The recent scheduled visit of U.S. Treasury Secretary Janet Yellen to China marks a significant effort by both the United States and China to increase high-level communication in a relationship that has been tense in recent times. The purpose of the meetings is to deepen dialogue and address misunderstandings that have developed due to a

The market saw Intel taking a nosedive by 7% due to a whopping $7 billion operating loss in its semiconductor manufacturing division in 2023. The tech giant’s struggle in this sector is concerning, and investors may be wary of the long-term implications of such a significant loss. On the other hand, Spotify Technology experienced a

Federal Reserve President Loretta Mester remains optimistic about potential interest rate cuts this year, despite ruling out the possibility of cuts at the next policy meeting in May. She emphasizes the importance of data in shaping her confidence in the trajectory of inflation, indicating that her perspective on rate cuts is reliant on the progress

Micron Technology saw a 5.4% increase in shares after Bank of America raised its price target on the chipmaker. This comes as the Wall Street firm predicts that demand for high-bandwidth memory technology will surpass $20 billion by 2027. The positive outlook from Bank of America has certainly given Micron Technology a boost in midday

Micron Technology saw a slight increase in its shares after Bank of America raised its price target on the chipmaker. The analyst is forecasting a significant growth in high-bandwidth memory technology demand, estimating it to surpass $20 billion by 2027. Shares of 3M rose nearly 3% following the completion of its spinoff of health-care company

The latest data suggests that the Federal Reserve may have new incentives to further cut rates in the second quarter of this year. According to Canaccord Genuity’s Tony Dwyer, factors such as a deteriorating jobs market and easing inflation could compel the Fed to take more aggressive action in the coming months. Dwyer believes that

Domino’s Pizza’s China operator, DPC Dash, has reported impressive growth figures, with 26 consecutive quarters of same-store sales growth including during the pandemic period. The revenue in 2023 exceeded 3.05 billion yuan, marking a significant increase from previous years, while net losses have narrowed substantially. Analysts at HSBC are optimistic about the company’s future profitability,