World
Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still ‘reasonably valued’
Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. Albion Financial Group’s Jason Ware says that’s thanks in part to the capital expenditure of large tech companies like Amazon , Microsoft , Nvidia and Alphabet ‘s Google that’s “providing a bit of growth support as […]
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Cooling needs and more: Jefferies names global stocks to buy driven by AI data center demand
Tech companies have been capitalizing on the artificial intelligence boom, driving the development of products and services in that area. That also means that AI data centers are growing fast — as is the demand for them. Data centers house vast amounts of computing power needed for AI workloads. That in turn is set to […]
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Ohio GOP Gov. DeWine says ‘at least 33’ bomb threats prompt Springfield to begin daily school sweeps
People watch as Springfield Police Department officers investigate the Springfield City Hall after bomb threats were made against buildings earlier in the day in Springfield, Ohio on September 12, 2024. Roberto Schmidt | AFP | Getty Images Ohio state police will conduct daily sweeps of schools in Springfield after authorities have been forced to investigate […]
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Don’t expect much from stocks for the next decade, says JPMorgan
As investors are navigating all the buzz about this week’s potential rate cut and the upcoming presidential election, JPMorgan is forecasting a serious risk to long-term stock returns. The market appears to be too expensive relative to history, according to the firm, which is projecting a 5.7% annual return from the S & P 500 […]
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Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares jumped 8% in extended trading on Monday after the company said it plans to turn its foundry business into an independent unit […]
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Here are the stocks that win when the Fed cuts rates with no recession
As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch Tool . The question now is how big that […]
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Amazon tells employees to return to office five days a week
Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon’s earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees […]
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BlackRock’s Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this “golden age of fixed income” now, according to BlackRock’s Rick Rieder. He sees a shift coming in the market. “The world is changing,” said Rieder, the asset manager’s global chief investment officer of fixed income. “The equity […]
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European markets mixed ahead of bumper week for central banks
A view of the Navigli in Milan, Italy on May 20, 2024. Nurphoto | Getty Images LONDON — European stocks were mixed Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The pan-European Stoxx 600 was down 0.1% by 2:00 p.m. London time, […]
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Pictures show floods ravaging Central and Eastern Europe as death toll rises
Floods brought on by days of heavy rainfalls have been ravaging countries including Poland, Romania, the Czech Republic and Austria, with thousands of people being evacuated as the death toll rises. Austrian Chancellor Karl Nehammer on Monday said in a post on social media platform X, that was translated by CNBC, that two more people […]
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