It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
US stocks showed mixed performance on Tuesday, with the Dow unchanged but the S&P 500 and Nasdaq slightly up. Investors are closely watching Wednesday's inflation report but should pay more attention to earnings season, which starts this week. Companies' performance will give more insight into how they're handling high costs. Crypto-related stocks fell with Bitcoin prices, but Alphabet and Moderna saw gains.
A disappointing inflation report indicating rising inflation triggered a drop in the crypto market and stock futures. This uncertainty stems from the Federal Reserve's potential decision to raise interest rates, which could further reduce investor confidence in cryptocurrencies. While the volatility is a concern, long-term investors may see it as a buying opportunity for lower crypto prices.
The S&P 500 gained this week, marking its biggest weekly increase this year, despite most stocks falling on Friday. The market was influenced by the Federal Reserve's plan for further interest rate hikes, but not all sectors performed equally. While technology stocks like Apple and Microsoft showed limited growth, financials and industrials saw improvement. Company-specific news included a decline in Nike and Lululemon shares due to revenue concerns, while FedEx shares rose after exceeding profit expectations.
The US stock market fell Thursday due to concerns about higher-than-expected producer prices, which measure business costs. This suggests that the Federal Reserve might not cut interest rates as quickly as expected, as inflation remains elevated. The drop was also influenced by a decline in Nvidia shares and a surge in Robinhood Markets shares after it reported a rise in user funds.
The stock market had a mixed day yesterday, with the tech-heavy NASDAQ falling slightly after a strong rise the day before. However, major indexes like the S&P 500 and Dow Jones ended the day higher. The performance of oil and gas stocks hinted at a potential economic improvement. Microsoft and Freeport Macaran showed technical strength, while Coupang continued its positive momentum. Overall, the market trend remains positive, but high sentiment suggests a possible pullback.
The massive energy demands of artificial intelligence (A.I.) and cryptocurrency mining are straining the U.S. power grid. Crypto mining alone consumes immense electricity, outstripping the construction of new power plants. The need for reliable baseload power keeps conventional power plants running, despite efforts to transition to renewable energy. Balancing the growing demand with the goal of decarbonization requires a diverse energy mix and infrastructure investment.
Webull, a digital investing platform, is set to go public through a merger with a special purpose acquisition company (SPAC), valuing the company at $7.3 billion. The combined company will trade on Nasdaq as "Webull." Webull has gained popularity with experienced investors who use its analytical tools to make trading decisions, and experienced a surge in users during the pandemic as people began trading stocks.
