Author: Daniel snow
Citigroup strategists say U.S. stocks are now the least preferred equity market among managers with trillions under management. Source link
GDP seen partly rebounding in second quarter Source link
In Carlsbad, California, retirees live on an average income of $85,442 a year from Social Security payments and withdrawals from savings and investments — the highest amount of any of the 344 largest U.S. cities, according to a recent SmartAsset analysis of Census Bureau data. These two sources generally make up the majority of retirees’ income. In fact, 58% of retirees say Social Security is a major source of their income, according to a 2024 Gallup poll. In 2025, eligible Americans will receive an average of just under $24,000 a year in retirement benefits, according to the Social Security Administration.But…
A measure of chief executive confidence fell in the second quarter by the most in the nearly 50 years the poll has been conducted. Source link
Nvidia reported strong fiscal first-quarter earnings on Wednesday.Wall Street was pleased with Nvidia’s continued sales growth, which hit 69% during the quarter. The company’s data center division continues to surge as companies, countries, and cloud providers snap up Nvidia graphics processors, or GPUs, for artificial intelligence software.”The team continues to maintain a 1- 2 step lead ahead of competitors with its silicon/hardware/software platforms and a strong ecosystem, and the team is further distancing itself with its aggressive cadence of new product launches and more product segmentation over time,” wrote JPMorgan analyst Harlan Sur.Here are three big takeaways from the company’s…
Several months after the Trump White House triggered the biggest global trade wars in decades, there’s little sign U.S. businesses are laying off more workers and preparing for bad times. Source link
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | ReutersWhen Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and before that was a prominent venture capitalist. He’s also held board seats at SoftBank and Hewlett Packard Enterprise.”Lip-Bu’s Rolodex is like nobody else’s in the semiconductor industry,” Intel CFO David Zinsner said at a financial conference this month. Zinsner said Tan recently met with 22 potential…
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week.Anadolu | Anadolu | Getty ImagesEight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts.Markets are awaiting a final decision on July production, with the eight countries — heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — set to review market…
ChatGPT already features “thumbs-up” and “thumbs down” symbols. Source link
MLB to make a strategic investment in Athletes Unlimited Softball LeagueAthletes UnlimitedMajor League Baseball will make a strategic investment in the newly launched Athletes Unlimited Softball League, the league announced Thursday.The deal marks MLB’s first comprehensive partnership with a women’s pro sports league and comes as women’s sports see rapid growth in everything from television viewership to team valuations.Terms of the deal were not provided.As part of the agreement, MLB will help raise the visibility of the AUSL and its athletes through its sales, marketing, broadcast and social media platforms. The baseball league will also make a significant financial investment…