(Reuters) - Inflation "remains above" the U.S. Federal Reserve's 2% target, but has been improving in recent months and "more good data would strengthen" the case for central bank interest rate cuts, Fed Chair Jerome Powell said on Tuesday in...
Federal Reserve Chair Jerome Powell kicked off his semiannual update to Congress on Tuesday, appearing before the Senate Banking Committee. He will appear before the House Financial Services Committee tomorrow.Yahoo Finance's Jennifer Schonberger has the story:Powell indicated the central bank...
The paradigm shift represented by artificial intelligence (AI) is having a pronounced effect on the tech landscape, and nowhere is that more apparent than Nvidia (NASDAQ: NVDA). The company provides the chips with the computational horsepower to power AI, driving...
Micron Technology's (NASDAQ: MU) stock has been on an epic 160%-plus run since the beginning of 2023. The semiconductor bear market is coming to an end, and in addition to industrywide growth getting ready for the next run higher, demand...
US stocks were poised to resume their record-setting climb on Tuesday, as investors assessed concerns about a pullback in the wait for Federal Reserve chair Jerome Powell to speak.S&P 500 futures (ES=F) edged up 0.2%, while those on the tech-heavy...
Nvidia has been on an impressive tear lately, but many investors are concerned about the longevity of Nvidia's current position. It's known to be a cyclical company, so a demand reduction in its GPUs (graphics processing units) is coming, although...
The S&P 500 has been reaching all-time highs in 2024, mostly fueled by large-cap technology stocks. However, not all stocks have performed quite so well, and that's even true about some that could be excellent long-term investments.Vici Properties (NYSE: VICI)...
Since the internet first began to proliferate three decades ago, Wall Street and investors have been waiting for the next big innovation that can alter the growth trajectory of corporate America. The artificial intelligence (AI) revolution appears to be answering...
Microsoft, Apple, and Nvidia are the world's three most-valuable companies, and they are the only ones in history to surpass $3 trillion in market capitalization. They will probably continue to grow long into the future, especially if artificial intelligence (AI)...
Tesla's stock (TSLA) extended its rally to nine consecutive days Monday, eking out a 0.5% gain.The stock's winning streak has erased year-to-date losses in a remarkably quick turnaround. Shares have risen more than 75% since the 52-week lows hit in...
