Wall Street is buzzing with a familiar, yet unsettling, narrative: the increasing concentration of market value in a handful of mega-cap technology companies, leading to valuations that harken back to the infamous dot-com bubble. This top-heavy market structure is raising red flags among experts, who warn of potential fragility and
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Potential members of a new group include Morocco, Rwanda, Malaysia, Uruguay, Costa Rica, Panama, Paraguay and Norway, although the final member list of the group hasn’t been confirmed yet.
Alibaba shares surged over 10% in Friday’s midday trade after the company was reported to be developing a new AI chip to fill the void left by Nvidia due to regulatory hurdles.
Federal Reserve Governor Christopher Waller said late Thursday that the central bank should cut the Fed funds rate now, but suggested that he would rely on incoming data to decide the pace and magnitude of future rate reductions.
With Cook resisting the move, the immediate onus is on Fed Chair Jerome Powell, as he has the obligation and right to ask the Trump administration, “Show me the legal basis for this action,” Krugman said.
As Trump moves to block new permits for wind and solar projects, renewables—which were enjoying a strong year—will likely pull back. But opportunities remain.
He discussed three variables in his speech: namely, r-star, the natural rate of interest; y-star, the potential GDP; and u-star, which is the level of unemployment when an economy is at its potential.
Last week, the S&P 500 Index, a measure of broader market performance, slipped for five straight sessions before rebounding sharply on Friday after Fed Chair Jerome Powell signaled a possible interest rate cut.
