Deutsche Bank Warns of Persistent Inflation Risks in 2025
Jan 16, 2025 02:31 am UTC| Fund Investing Market Moving News
Deutsche Bank analysts caution that inflation risks are rising as 2025 approaches, driven by structural and recent trends. Despite expectations for inflation to stabilize, the bank underscores persistent pressures that...
UBS Shifts Focus to AI and Semiconductors in Equity Strategy
Jan 16, 2025 02:27 am UTC| Investing Business
UBS has updated its Global Equity Focus List, reducing allocations in major Big Tech stocks like Apple, Alphabet, Amazon, Meta, and Oracle, each by 0.5 percentage points. Simultaneously, the investment bank increased...
Bitcoin Eyes Record Highs Amid Bullish Sentiment and Whale Activity
Jan 16, 2025 02:22 am UTC| Digital Currency Investing
Bitcoin extended its rally on Wednesday, climbing 3.3% to $99,553 by 10:06 ET, following a sharp rebound earlier in the week. The cryptocurrency surpassed $97,000 on Tuesday but later retraced some gains. Analysts remain...
JPMorgan Posts Strong Q4 Revenue Growth Amid Market Rally
Jan 16, 2025 02:18 am UTC| Fund Business Investing
JPMorgan Chase reported a 10% rise in Q4 net revenue, surpassing estimates, fueled by robust investment banking fees and trading activity. The bank benefited from a market rally following President-elect Donald Trumps...
U.S. CPI Sparks Mixed Reactions, Shaping Fed Rate Cut Outlook
Jan 16, 2025 02:04 am UTC| Fund Investing Business
The latest U.S. Consumer Price Index (CPI) report has drawn varied responses from Wall Street, influencing Federal Reserve policy expectations and market sentiment. ING revised its forecast, predicting three rate cuts in...
S&P 500 Rallies Amid Cooling Inflation and Strong Bank Earnings
Jan 16, 2025 01:58 am UTC| Business Investing
The SP 500 surged on Wednesday as easing inflation and robust quarterly results from major banks lifted market sentiment. The Dow Jones gained 1.7%, the SP 500 climbed 1.8%, and the NASDAQ soared 2.5%. Inflation data...
Apple Explores New Credit Card Partners as Goldman Sachs Reevaluates Deal
Jan 16, 2025 01:15 am UTC| Technology Business Investing
Apple Inc. (NASDAQ:AAPL) is reportedly in talks with Barclays (NYSE:BCS) and Synchrony Financial (NYSE:SYF) to replace Goldman Sachs Group Inc. (NYSE:GS) as its credit card partner, according to Reuters. Discussions with...
Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve
South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s