Gold price rebounds above $3,200 as US PPI and Retail Sales miss estimates
- Gold boosted by April’s unexpected PPI drop fuels Fed rate cut speculation.
- Retail Sales slow sharply to 0.1% as tariffs weigh on consumer spending, hinting at broader economic softness.
- Fed rate cut expectations rise to 53 bps for 2025; DXY dips 0.15% to 100.88,
» Read more about: Gold price rebounds above $3,200 as US PPI and Retail Sales miss estimates »
Read MoreBig blow to nearly half a million American as social security benefits to be confiscated
In what could be seen as a big blow to millions of Americans, social security beneficiaries will see their payments arrive a little later than normal this month. Millions of Americans who rely on Social Security could see some of their monthly benefits seized, starting in June, if they have defaulted on their student loan debts,
Read MoreTop 5 SBI mutual funds with highest SIP returns in 10 years
SBI Mutual Fund is India’s largest asset management company that currently manages assets under management (AUM) of more than Rs 11 lakh crore spread across more than 125 mutual fund schemes.
Over the years, scores of schemes of SBI Mutual Fund have become the key to wealth building for investors. In this write-up,
» Read more about: Top 5 SBI mutual funds with highest SIP returns in 10 years »
Read MoreJim Cramer Is a Big Fan of This Cheap Warren Buffett Stock — Time To Buy?
Investing
There are plenty of bargains to be had amid intense stock market volatility. And while the best deals have mostly evaporated, there are still intriguing, cheap names with timely catalysts that still look to be worth buying on the way up.
» Read more about: Jim Cramer Is a Big Fan of This Cheap Warren Buffett Stock — Time To Buy? »
Read MoreApple (AAPL) Plans AI Chip Push With Smart Glasses, New Mac Chips
Apple (AAPL, Financials) is developing a new generation of chips to power smart glasses, AI infrastructure, and upcoming MacBooks, Bloomberg reported Thursday.
Apple is advancing a chip for its first smart glasses using low-energy components found in the Apple Watch.
» Read more about: Apple (AAPL) Plans AI Chip Push With Smart Glasses, New Mac Chips »
Read MoreThe Burst
1 Galactic Stock Up 50%, Will It Keep Going?
A few months ago, we wrote an article titled Is This Stock Set To Blast Off in which we featured Planet Labs, trading at under $2 per share at the time.
Since then, the stock is up by over 50% on a slew of positive news including a new 7-figure deal with NATO.
» Read more about: 1 Galactic Stock Up 50%, Will It Keep Going? »
Read MoreThe Ivy
37.9% Upside In Overlooked AI Stock
Some concerns have arisen in recent months that the fuel behind the AI fire is starting to wane. The flagship AI stock, NVIDIA, gained 156% through the first six months of the year, but Nvidia shares only gained 18.8% since the midpoint of 2024. While that is still substantial growth, it reflects investors’ concerns about AI’s ability to generate substantial revenue.
» Read more about: 37.9% Upside In Overlooked AI Stock »
Read MoreThe Spotlight
Spotlight: AI + Robotics = 4x Growth
Google. Apple. Amazon. Microsoft. They are all investing in AI but one company you probably have not heard about is Symbiotic, a warehousing automation firm that combines advanced robotics with artificial intelligence.
It’s one of those businesses that’s hard to wrap your head around at first but it’s been a huge hit on Wall Street.