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‘Moore’s Law’s dead,’ Nvidia CEO Jensen Huang says in justifying gaming-card price hike

Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk of a price hike during a softening in consumer demand. Nvidia NVDA, +0.65% expects high demand for gaming chips using its next-generation …

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If the market passes this upcoming test, stocks will be poised to move higher. We’re not there yet.

There’s still too much bullishness on Wall Street, even after the Dow Jones Industrial Average’s DJIA, -1.70% 500+ point drop Wednesday following the Federal Reserve’s latest meeting and rate hike. Consider all the attention given to a possible “double bottom.” By framing the market’s weakness in this way, the bulls are trying to put a …

If the market passes this upcoming test, stocks will be poised to move higher. We’re not there yet. Read More »

Yen rallies after Japan intervenes for first time in 24 years

The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other central banks by not hiking interest rates. the dollar USDJPY, -0.77% dropped swiftly, trading at 142.20 yen from 144.08 yen on Wednesday, in action timed …

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The Dow tumbled 500 points because Jerome Powell’s Fed ‘isn’t going to blink’

It took stock-market investors a while to make up their minds, but when the closing bell sounded on Wednesday it was clear they didn’t like what they had heard from the Federal Reserve and its chairman Jerome Powell. See: Fed approves third large interest rate hike and signals more before year-end Central bankers also penciled …

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Bitcoin could go back above $65k in the next four years, says Michael Saylor

Michael Saylor, chairman and co-founder of MicroStrategy Inc. MSTR, -0.35%, said bitcoin could go back to $68,990, its peak reached in November “sometime in the next four years,” and could reach $500,000 in the next decade if it matches the market cap of gold. MicroStrategy is also making developments on the Lightning network, a payment …

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‘Disinflationary wave is building’ even as investors anticipate aggressive Fed rate increase, says this economist

Signs of disinflation have Chair emerged even as investors fear Federal Reserve Powell and his colleagues will keep battling inflation through aggressive rate hikes that have hurt both stocks and bonds, according to a Capital Economics note. While it appears the Fed may on Wednesday announce that it’s hiking its benchmark rate by three quarters …

‘Disinflationary wave is building’ even as investors anticipate aggressive Fed rate increase, says this economist Read More »

Nikola founder’s securities-fraud trial set to start this week

Trevor Milton, the Nikola Corp. who enticed auto-industry leaders and investors with promise for a revolution in electric trucks, faces a-fraud trial beginning this week his founder on that he lied about his company’s development of environmentally friendly technology. Federal prosecutors in Manhattan last year accused Milton of running a scheme to enrich himself and …

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Nasdaq Inc. stock rises Friday, still underperforms market

Shares of Nasdaq Inc. NDAQ, +0.27% inched 0.27% higher to $63.26 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.53% rising 1.53% to 4,067.36 and the Dow Jones Industrial Average DJIA, +1.19% rising 1.19% to 32,151.71. This was the stock’s fourth consecutive …

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A strong market rally could be just weeks away if the US midterm elections can put anxious stock investors at ease

If the US midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleague investors whose stock holdings have double-digit losses so far this year. A meaningful rally could be just a few weeks away. …

A strong market rally could be just weeks away if the US midterm elections can put anxious stock investors at ease Read More »

Why ‘quantitative tightening’ is the wild card that could sink the stock market

Quantitative monetary easing is credited for juicing stock market returns and boosting other speculative asset values ​​by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds during both the 2008 financial crisis and the 2020 coronavirus pandemic in particular. Investors and policy makers may be underestimating what happens as …

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