Decent move today with some volume.
Post# of 382
Posted On: 07/10/2012 5:55:27 PM
Post# of 382
Top 10 Most Recent Blog Posts
Investment Confidence Grows with Fewer Recession Concerns
Category: Economy Total Views: 41By : Editor Updated: 06-26-2024
Recession Fears Decrease Amid Cooling Inflation
A recession worries fewer Americans as inflation slows and the stock market rises. An Allianz Life poll conducted recently indicates that, compared to 64% the previous year, just 55% of Americans now fear an impending recession. This shift in attitude indicates a developing level of optimism about the economic future. These worries have been much allayed by the reduction of inflation, which has given investors a sense of stability. Americans are... Continue Reading
Rivian Gains $5 Billion Investment from Volkswagen
Category: Business Total Views: 51By : Editor Updated: 06-26-2024
Volkswagen Backs Rivian with Up to $5 Billion
Volkswagen Group has declared intentions to invest up to $5 billion in Rivian, an electric vehicle startup. A $1 billion initial infusion kicks off this investment. By 2026, the remaining $4 billion is supposed to be invested. This funding will help Rivian expand and advance the technology of electric vehicles. For both firms in the EV market, it is a big step. Rivian will benefit from the agreement in reaching its production and financial targets... Continue Reading
AI Chip Startup Etched Raises $120M to Challenge Nvidia
Category: Business Total Views: 66By : Editor Updated: 06-26-2024
Raising $120 million, Harvard Dropouts Take on Nvidia in AI Chips
Raising $120 million, a group of Harvard dropouts plans to challenge Nvidia in the AI chip market. With Etched, their startup, they want to create a competitive AI chip. Lead by Primary Venture Partners and Positive Sum Ventures, Peter Thiel and other well-known investors also made contributions to the funding round. With this endeavor Etched joins the ranks of the best-funded AI chip startups. The company wants to develop an A... Continue Reading
Tech and Basic Resources Lead European Market Gains
Category: Markets Total Views: 66By : Editor Updated: 06-26-2024
Nvidia Rally Helps Stabilize Volatility in Tech Sector
The recent volatility in the technology industry was much reduced by Nvidia's Tuesday rally. There had been a tech-driven selloff in the industry, which worried investors. Strong performance from Nvidia gave investors hope that stability would return to tech stocks. Negative mood from the last trading sessions was somewhat reversed by this change. Later chipmakers did the same, which helped to create a more steady market. Tech stocks ... Continue Reading
Goldman Sachs Sees Bright Future for IBM's AI Initiatives
Category: Business Total Views: 69By : Editor Updated: 06-26-2024
Goldman Sachs Initiates Coverage on IBM with a 'Buy' Rating
In keeping with its belief in IBM's long-term growth plan, Goldman Sachs has started coverage of the company with a "buy" rating. Future success, according to the analysts, will be mostly driven by IBM's investments in artificial intelligence (AI). They cited as crucial to the company's expansion its attempts to update its software and services. The $200 price target that is included with the rating is 1... Continue Reading
Former Meta Materials CEOs Face SEC Fraud Litigation
Category: Business Total Views: 142By : Editor Updated: 06-25-2024
SEC Charges Meta Materials Inc. and Former CEOs with Fraud
The SEC has filed fraud and other violation charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. These accusations are the product of a $137.5 million market manipulation scheme. The corporation has consented to have the charges settled through an administrative process. Federal district court will hear SEC's lawsuit against Brda and Palikaras. The accusations include breaching the provisions pe... Continue Reading
Key Insights on Friday’s Inflation Report and Fed's Next Steps
Category: Economy Total Views: 130By : Editor Updated: 06-25-2024
Overview of the Inflation Report for Friday
Understanding the state of the economy now depends critically on the inflation report that is due on Friday. The report will center on the Federal Reserve's preferred inflation indicator, the Personal Consumption Expenses (PCE) index. The inflation rates have been declining recently, and this report should offer more proof of the slowing down of price rises. Wall Street Journal and Dow Jones Newswires economists polled for May expect the PCE ind... Continue Reading
Student Loan Relief Plan Halted by Court Decisions
Category: Personal Finance Total Views: 118By : Editor Updated: 06-25-2024
Court Rulings Halt Key Parts of Biden’s Student Loan Repayment Plan
The student loan repayment plan of President Joe Biden was recently put on hold by two federal judges. These rulings keep the Education Department from putting into effect important SAVE loan repayment program features that would lower monthly payments and wipe out millions of Americans' student debt. The court's decisions answered lawsuits brought by Republican-led states that contended the administration's... Continue Reading
S&P 500 Gains Amid Mixed Market, Dow Ends Winning Streak
Category: Markets Total Views: 125By : Editor Updated: 06-25-2024
Nasdaq Climbs 1.3% Led by Big Tech
Tuesday's 1.3% gain was notable for the Nasdaq Composite. Mainly, this increase was fueled by excellent results from big IT firms. Notable contributors were Nvidia and Alphabet, the latter of which set a record. Especially those in the artificial intelligence space, investors displayed a renewed confidence in tech stocks. This momentum helped the tech-heavy index outpace other significant U.S. stock indices. The power of the IT industry offered a strong ... Continue Reading
2024 Housing Market Dynamics: Summer Surge Ahead
Category: Real Estate Total Views: 134By : Editor Updated: 06-25-2024
Record-High Home Prices As Mortgage Rates Rise
Even as mortgage rates increased in April, home prices broke all previous records. The usual assumption that rising mortgage rates would drive down house prices is refuted by this odd trend. Prices rose 6.3% over the same month in the previous year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This rise is the second month running that prices have increased significantly. An average 30-year fixed mortgage rate increa... Continue Reading