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US debt ceiling raised after White House and Republicans reach tentative deal

After weeks of negotiating a deal to raise the debt limit to avert default, Democrats and Republicans announced a tentative deal has been reached. The plan is to put it to vote on Wednesday, but the optimism is there, and one can assume that from now on, the only thing to work on is details.… Continue reading US debt ceiling raised after White House and Republicans reach tentative deal

Interesting IPO statistics & the 10 most anticipated IPOs of 2023

If you follow IPO news, then you’ll know that every year sees a handful of companies considering initial public offerings have generated the most buzz among stock market investors. In most cases, the anticipation is always around companies seen as having the potential to be major players in their respective industries.  In 2023, there are… Continue reading Interesting IPO statistics & the 10 most anticipated IPOs of 2023

U.S. PCE data: tech stocks could ‘continue to run up’

Nasdaq Composite is in focus this morning after the U.S. Bureau of Labour of Statistics said the core personal consumption expenditures price index was up more than expected in April. What today’s inflation data means for tech stocks For the month, the Fed’s preferred inflation gauge rose 0.4% – supporting the narrative that rates could… Continue reading U.S. PCE data: tech stocks could ‘continue to run up’

Nvidia made Cramer go from ‘it’s a loser’ to it has ‘no competition’ in 8 months

Nvidia Corporation (NASDAQ: NVDA) seems to be in a league of its own in terms of capitalising on rapid growth in artificial intelligence, as per the famed investor Jim Cramer. Jim Cramer is now all praise for Nvidia stock Earlier this week, the semiconductor behemoth guided for about $11 billion in revenue for its current… Continue reading Nvidia made Cramer go from ‘it’s a loser’ to it has ‘no competition’ in 8 months

JPMorgan may soon launch an AI tool similar to ChatGPT

JPMorgan Chase & Co (NYSE: JPM) is working on a software similar to ChatGPT that will use artificial intelligence to offer investment advice. Here’s what we know so far On Thursday, the financial services behemoth filed with the U.S. Patent and Trademark Office (PTO) to trademark IndexGPT – a tool that the filing defines as:… Continue reading JPMorgan may soon launch an AI tool similar to ChatGPT

Toll Brothers stock outlook following its Q2 earnings

Toll Brothers Inc (NYSE: TOL) is already up 30% for the year but an RBC Capital analyst says the stock is still relatively inexpensive to own. Toll Brothers stock has another 15% upside On Thursday, Mike Dahl upgraded the luxury homebuilder to “outperform” and raised his price objective to $77 – up another 15% from… Continue reading Toll Brothers stock outlook following its Q2 earnings

IBEX 35 price forecast after yesterday’s red day for European equities

European equities tumbled yesterday as uncertainty dominates financial markets. With the debt ceiling deadline in the United States approaching fast, the bearishness of the US indices affects global equity markets. Diversification is key when building a portfolio. Several ways to diversify exist, and one is to diversify with other countries’ equities. As such, the Spanish… Continue reading IBEX 35 price forecast after yesterday’s red day for European equities

Activist investor TCS Capital wants Yelp to consider strategic options

Shares of Yelp Inc (NYSE: YELP) opened about 10% up this morning after an activist investor disclosed a sizable stake in the recommendation website operator. TCS wants Yelp to merge with Angi On Tuesday, TCS Capital Management pushed the California-based company to explore strategic options including a possible sale. The hedge fund owns over 4.0%… Continue reading Activist investor TCS Capital wants Yelp to consider strategic options