Here’s when AI will launch a decade-long cycle of economic growth and productivity gains
The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.
Rising inflation expectations could put Fed on shallower rate-cut path
That's the betting reflected in financial markets on Friday, as the widely watched University of Michigan survey showed consumer sentiment plunged in March and consumers saw inflation over the next five years running at 3.9%, the highest reading in more than 30 years. Pricing of short-term interest-rate futures still reflects an expectation for a June start to Fed rate cuts, with likelier than not a total of three quarter-point reductions by the end of the year. But the probability of a third rate cut, in December, has eroded as financial markets digest the dueling implications of worsening consumer confidence, which can portend slower growth, and higher inflation expectations, which can portend higher actual inflation.
Oil’s Houston Homecoming Overshadowed by Trade War, Price Drop
(Bloomberg) -- Oil executives gathering in Houston this week learned the hard way that US President Donald Trump’s pro-fossil fuel agenda comes with a catch: lower prices. Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltICE Eyes Massive California Tent Facility Amid Space ConstraintsThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCThe CERAWeek by S&P Global conference in
Trump's Crypto Plan: Which Cryptocurrency Sectors Are Hot -- and Which Are Not
The new year started off with considerable fanfare for the cryptocurrency market. Under President Donald Trump's crypto plan, America was going to become "the crypto capital of the world." The White House even hosted a Crypto Summit on March 7.
In Michigan, Vance says US manufacturing can rebound despite tariff jitters and falling markets
Vice President JD Vance toured a Michigan plastics manufacturing facility on Friday, promoting a promised Trump administration industrial renaissance nationwide even as jitters about rising tariffs and steep drops in consumer confidence and financial markets point to the opposite. Vance was in Bay City, which was known in the 1800s for thriving sawmills and shipbuilding concerns that have long since closed. Speaking at Vantage Plastics, he vowed, “We started a great American comeback," and said the Trump administration will “make it easier and more affordable to make things again in the United States.”
Why Is Revolve (RVLV) Stock Rocketing Higher Today
Shares of online fashion retailer Revolve (NASDAQ:RVLV) jumped 7.8% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy, following a meeting with management. The analysts assigned a price target of $30, which implied a potential 30% upside from where shares traded before the upgrade was announced.
Why Is Peloton (PTON) Stock Soaring Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 12% in the afternoon session after Canaccord analysts upgraded the stock's rating from Hold to Buy and kept a target price of $10. The analysts cited some of the reasons for the upgrade, noting "Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream."
Why Semtech (SMTC) Stock Is Trading Up Today
Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 19.4% in the afternoon session after the company reported impressive fourth quarter results which blew past analysts' EPS and EBITDA expectations while sales were in line. In addition, its inventory levels shrunk. On the other hand, its revenue guidance for next quarter missed significantly. Overall, this quarter was mixed but still had some key positives.
Why Skillz (SKLZ) Stock Is Trading Lower Today
Shares of mobile game developer Skillz (NYSE:SKLZ) fell 12.9% in the morning session after the company reported disappointing fourth-quarter 2024 results: Its user count, and the number of paying monthly active users fell short of Wall Street's estimates. Adding to the concern, key metrics we track fell below Wall Street's expectations, including sales, EBITDA, and EPS. Notably, sales plummeted 30% year on year, reflecting a persistent decline in platform engagement and competitive pressures. Th
PagerDuty (PD) Stock Trades Up, Here Is Why
Shares of IT incident response platform PagerDuty (NYSE:PD) jumped 18.8% in the afternoon session after the company put up impressive fourth quarter results: PagerDuty's strong growth in customers allowed it to beat analysts' revenue, EPS, and adjusted operating income expectations.