Artificial intelligence (AI) is affecting sectors across the business world. Perhaps none more so than electric utilities, due to the high power needs of data centers that run AI.
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3 Top-Ranked MFS Mutual Funds for Fantastic Returns
Renowned global asset manager MFS provides an array of financial products and services to fulfill the needs of its investors, as well as 10,000 investment professionals. Based on assets raised in the country or region, the company managed assets worth more than $622.9 billion as of Feb. 28, 2025.
It has more than 2,000 employees dedicated to addressing its clients’ needs.
» Read more about: 3 Top-Ranked MFS Mutual Funds for Fantastic Returns »
ATB Investment Management Introduces New Funds
ATB Monthly Income Portfolio and ATB Global Equity Pool Launched to Serve Diverse Investor Needs
EDMONTON, AB, June 11, 2025 /CNW/ – ATB Investment Management Inc. (“ATBIM”), the asset management arm of ATB Financial, today announced the strategic expansion of its investment product suite,
» Read more about: ATB Investment Management Introduces New Funds »
US inflation ticks higher but tariff impact remains muted
Since re-entering the White House in January, Trump has imposed new tariffs on imports from around the world, putting in place a 10% tariff on most items, while targeting goods from some countries and sectors with even higher duties.
Economists have warned that the new levies will raise costs for companies,
» Read more about: US inflation ticks higher but tariff impact remains muted »
Fed Seen More Likely to Cut Rates in September
Odds of an interest-rate cut by September were on the rise Wednesday morning after the May CPI came in cooler than expected.
Traders now see a 68.8%% chance of at least a quarter-point cut through the Federal Reserve’s mid-September meeting, which is up from 61.7% on Thursday, according to the CME FedWatch Tool.
» Read more about: Fed Seen More Likely to Cut Rates in September »
Stock market today: Dow, S&P 500, Nasdaq futures rise as cool inflation data boosts markets, Fed rate cut hopes
Inflation didn’t pickup as much as Wall Street expected in May.
The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April’s 2.4% and in line with economists’ forecast for 2.4%. But all other closely watched metrics from the release came in below expectations.
Tesla Stock Starts the Week With a Pair of Downgrades After Musk-Trump Spat
Key Takeaways
- Tesla’s stock received a pair of downgrades from Argus Research and Baird analysts.
- The analysts said uncertainty after CEO Elon Musk’s public spat with President Trump is a negative for the EV maker.
- Tesla is expected to launch its robotaxi service in Austin,
» Read more about: Tesla Stock Starts the Week With a Pair of Downgrades After Musk-Trump Spat »
Tesla Stock Investors Got a Double Dose of Bad News After the Feud Between President Trump and Elon Musk
Tesla (TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.
Better Autonomous Driving Stock: Tesla or Uber? The Answer Might Surprise You.
Tesla (NASDAQ: TSLA) is one of the leaders of the electric vehicle (EV) industry, but investors are more focused on its autonomous full self-driving software (FSD),
» Read more about: Better Autonomous Driving Stock: Tesla or Uber? The Answer Might Surprise You. »