JPMorgan Lifts S&P 500 Target as AI Rally Regains Momentum

A renewed surge in enthusiasm for artificial intelligence will help drive US stocks to higher-than-expected levels this year, according to strategists at JPMorgan Chase & Co. The team led by Dubravko Lakos-Bujas has raised its year-end target for the S&P...

New Zealand Inflation Exceeds Forecasts, Spurring Rate-Hike Bets

New Zealand inflation unexpectedly held above the top of the Reserve Bank’s 1%-3% target last quarter, prompting markets to boost bets on a July interest-rate hike as the impact of an Iran-war driven surge in fuel prices is still to come. The currency and bond yields...

Insidious Inflation to DOOM Market & Economy

The oil price shock due to the Israel/USA Iran war led to my empirical research of the 1973 oil price shock which is widely considered t the first of many.  My forte is to research extreme events and to find cause and then utilize findings to predict next similar...

Trump Signs Order on Psychedelics to Ease FDA Restrictions

President Donald Trump signed an executive order to expedite research and access to psychedelics used outside the US to treat post-traumatic stress disorder. “Today’s order will ensure that people suffering from debilitating symptoms might finally have a chance to...

Drone Maker Aevex Shares Climb 35% After $320 Million US IPO

Aevex Corp. shares rose 35% after the maker of military drones raised $320 million in a US initial public offering. Shares of the Madison Dearborn Partners-backed firm closed at $26.93 each on Friday in New York, versus an IPO price of $20 apiece. The offering of 16...