Bets for a December interest rate cut by the US Federal Reserve have sharply increased on Friday after an optimistic speech by the New York Fed President John Williams. Federal Reserve Bank of New York President John Williams indicated that the US central bank has scope to reduce interest rates again…
JPMorgan’s senior analyst Kian Abouhossein has outlined his preferred European bank stocks as investors look ahead to 2026.Despite macroeconomic uncertainty and uneven M&A activity across the sector, Abouhossein believes select names offer compelling value and strong returns.In a recent CNBC interview, Abouhossein said Barclays, UBS, and NatWest stand out on…
Oracle stock price has suffered a major reversal as concerns about the artificial intelligence (AI) and its soaring debt remain. ORCL dropped to a low of $198, down by over 36% from its highest point this year. Its market cap has dropped from over $967 billion to $530 billion. Oracle stock…
Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. ZM stock was trading at $78.64, down by over 86% from its highest level since…
Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans…
JPMorgan’s senior analyst Kian Abouhossein has outlined his preferred European bank stocks as investors look ahead to 2026.Despite macroeconomic uncertainty and uneven M&A activity across the sector, Abouhossein believes select names offer compelling value and strong returns.In a recent CNBC interview, Abouhossein said Barclays, UBS, and NatWest stand out on…
The crash of an Indian-made Tejas fighter jet during a display at the Dubai Air Show has deepened scrutiny of HAL at a time when India is accelerating its indigenous defence manufacturing plans. The aircraft went down on Friday afternoon, sending thick black smoke over Al Maktoum International Airport, and…
Ibovespa futures started Friday down after the holiday of Black Awareness Day under the pressure of global risk aversion and reactions of investors on the attitude of the United States towards the removal of a 40% import rate on some products from Brazil. By 9:04 AM (Brasilia time), the December contract…
The global liquidity cycle is entering a decisive contraction phase, raising the risk of a prolonged downturn in equity markets, according to veteran strategist Michael Howell. Speaking on the MacroVoices podcast, Howell, chief executive of London-based CrossBorder Capital, said liquidity conditions are deteriorating rapidly, ending what he describes as a…
Uruguay has been accepted to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), nearly two years after submitting its application.The application was submitted in November 2022, during the administration of former President Luis Lacalle Pou, who had made his plans known earlier that year.Members of the CPTPP currently…