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The Wall Street Journal, citing insider sources, reports that Intel stands as the prime contender to secure financial backing for the establishment of chip-manufacturing facilities aimed at diminishing the U.S. military's reliance on imports from Asia, most notably Taiwan.
The sports-utility EV start-up posted strong quarterly results on Tuesday and raised its production guidance, againts broader weak demand that has weighed on other manufacturers such as Tesla
Watch today’s US Open for insights on the RBA’s dovish hike and the impact on AUD/USD, Nasdaq’s longest profitable streak of the year, key incoming earnings and more
Shares of AMZN.us have been positively buoyed by the company’s strong Q3 earnings, which beat Wall Street expectations on 27 October. As we look ahead to the coming year, Amazon stands out as a potential success story for investors. Amazon Web Services (AWS) is poised for significant growth, North American operating income has exceeded expectations, the international business is approaching break-even, and revenue continues to maintain a robust double-digit growth…
A week into November and the SPX500 is already up over 4% for the month. The index is currently near 4,360 but a close above 4,400 (green horizontal line) will be regarded as a bullish development.
The tech heavy index posted its best week in twenty months, boosted by the Fed’s dovish hold and the cool jobs report, overlooking Apple’s revenue slip
The jobs data on Friday has affected the real yield and this, in turn, has filtered through to other instruments. The non-farm employment change printed at 150K, which was lower than the 178K expected. Moreover, the previous print was revised lower to 297K. Average hourly earnings m/m were also lower than anticipated at 0.2% (0.3%), whilst the unemployment rate crept up to 3.9% from 3.8%.
Apple’s revenues declined for fourth straight quarter, despite solid iPhone sales, marking the longest slump since 2001
Watch today’s US Open for insights the two consecutive rate holds by the Bank of England and the US Fed, AMD’s return to revenue growth, key incoming events and more
Yesterday, the Federal Reserve kept interest rates on hold for a second consecutive meeting. Chair Powell recognised that inflation is slowing as opposed to emphasising how strong growth has been. Whilst keeping the door open for further hikes, there is a strong possibility that this rate hiking cycle has peaked. As such, the real yield dropped yesterday by 7.5% to close at 2.32%. It has dropped further today and is…
The tech heavy index rallied on Wednesday after the Fed kept rates unchanged and was more dovish than previously, but now awaits Apple’s earnings and the jobs report
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