Trade Update: U.S. and EU Set Tariff Rates for Key Sectors Including Autos and Pharma
After weeks of intense talks, Brussels and Washington reached an agreement on trade war US EU this month, establishing the 15% flat rate of EU exports that go to U.S. In the course of the agreement it was also agreed that EU members pledged to European Union also pledged to buy $750 billion worth of U.S.
U.S. tech stocks slide after Altman warns of ‘bubble’ in AI and MIT study doubts the hype
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Investor enthusiasm for artificial intelligence wavered Tuesday as major tech stocks sold off. Nvidia dropped 3.5% and Palantir nearly 10% after an MIT study claimed 95% of companies see no returns from generative AI, while OpenAI’s Sam Altman warned of a potential bubble. The Nasdaq declined more than 1.2% this morning.
Tech Stocks In Focus As Nasdaq Bounces From Lows: Markets Wrap
Technology stocks dropped Wednesday with the Nasdaq 100 index declining for a second consecutive day Wednesday. A gauge of the so-called ‘Magnificent Seven’ large cap tech firms fell for a fourth consecutive day, the longest losing streak since mid April.
US stocks are “in the early days” of a bubble,
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Read More2 Growth Stocks Cathie Wood Is Buying Non-Stop
Investing
- Cathie Wood is aggressively buying these two stocks quarter after quarter.
- She expects big gains here, as both are AI-related plays.
- The consistent buying shows that these are core holdings for her.
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Read MoreIn Spite of Warren Buffett's $177 Billion Silent Warning to Wall Street, Berkshire's Boss Piled Into This Historically Cheap Stock That's Gained Over 32,000% Since Its IPO
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Billionaire Warren Buffett has crushed the benchmark S&P 500 in the return column during his 60-year tenure as Berkshire Hathaway CEO.
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The stock market is historically pricey, which has led Buffett to be a net seller of equities for nearly three years.
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However,
The Burst
Market Commentary: 19 Stocks with Ridiculous Cash Flows
When the economic winds of fortune change, the old saying goes that cash is king but maybe it should be cash flows are king. A company that can spit out enormous sums of cash with predicability may offer a safe haven at a perilous time. To find out what companies stand out, a little-known metric called CROCI is very useful.
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Read MoreThe Ivy
S&P 500 Near 5,000, Now What?
If ever the saying that the market can go remain irrational longer than you can remain solvent applied, now would be that time, especially for the bears.
With the S&P 500 within touching distance of 4,900 by the close of last week, it’s now within spitting distance of 5,000, a figure that seemed so far out of reach just a year or so ago when it was close to 3,500,
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