Feb 10, 2025 | Markets
The Magnificent Seven has turned into the Stupendous One as AI spending fears weigh on sentiment. The usually reliably hot Magnificent Seven trade of Meta (META), Amazon (AMZN), Google (GOOG), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) has...
Feb 10, 2025 | Markets
McDonald’s Corp. said low-income consumers in the US are still under pressure, highlighting the struggles of a key customer group for the burger chain. Across the industry, purchases from low-income guests were down substantially in the fourth quarter, Chief Executive...
Feb 10, 2025 | Markets
OpenAI is pushing ahead on its plan to reduce its reliance on Nvidia (NVDA) for its chip supply by developing its first generation of in-house artificial-intelligence silicon. The ChatGPT maker is finalizing the design for its first in-house chip in the next few...
Feb 10, 2025 | Markets
Nvidia (NVDA) investors are navigating through an un-Nvidia-like start to the year. Shares of the AI chip darling are off by 1% this year, lagging all three major US indexes, which have notched gains. The stock has underperformed the S&P 500 (^GSPC) by over 5% in...
Feb 8, 2025 | Markets
Greenback has climbed nearly 7% from its September low Strong dollar reduces export demand, value of overseas profits The surge in the dollar is darkening the earnings outlook for US multinational companies from Amazon.com Inc. to Apple Inc., leaving investors to...
Feb 7, 2025 | Markets
Summary Consumer sentiment drops to seven-month low, inflation expectations rise Sentiment drop spans age, wealth, and political groups, Trump plans new tariffs, impacting inflation and sentiment U.S. consumer sentiment dropped unexpectedly in February to a...
