Tag Archives: point

Rate cuts likely at ‘some point’ this year: Fed’s Powell

Rate cuts likely at ‘some point’ this year: Fed’s Powell

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

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Juniper Networks acquisition an ‘inflection point’

Juniper Networks acquisition an ‘inflection point’

Hewlett Packard Enterprise (HPE) is set to acquire hardware manufacturer Juniper Networks (JNPR) in a deal that is valued at up to $14 billion. HPE CEO Antonio Neri joins Yahoo Finance’s Seana Smith to discuss the networking company’s growth, especially in its cloud segment. “So there’s a lot of room to grow, but this is the first time in the company’s history that we will have all the capabilities to participate in the entire total addressable market,” Neri explains. “Generally speaking,… Source link

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Investors ‘should be proactively buying’ at this point, Piper Sandler says

Investors ‘should be proactively buying’ at this point, Piper Sandler says

Tesla (TSLA) stock’s recent decline has reached attractive levels, and it’s time for investors to start positioning for an upswing, Piper Sandler argued in a new note. “Tesla took longer than expected to cut prices, but now that pricing adjustments have been made and now that the valuation has reset, we think investors should be proactively buying TSLA,” research analyst Alexander E. Potter wrote in a note to clients on Wednesday. Tesla shares have fallen more than 40% over the last… Source link

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Home builder confidence rises for first time in a year as housing market hits ‘a turning point’

Home builder confidence rises for first time in a year as housing market hits ‘a turning point’

Confidence among U.S. single-family home builders rose in January for the first time in a year, ending a 12-month stretch of declines and potentially signaling a turning point in the housing market. The National Association of Home Builders/Wells Fargo’s gauge of builder sentiment increased 4 points this month to 35, figures released Wednesday showed. Still, any figure below 50 is considered negative. “Probably past the worst, but a sustained improvement will have to wait,” Kieran Clancy,… Source link

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Costco stock may be nearing a ‘compelling tactical inflection point,’ analyst says

Costco stock may be nearing a ‘compelling tactical inflection point,’ analyst says

Costco (COST) stock could be nearing a key inflection point after a challenging holiday season, provided execs finally reveal a long-rumored profit-boosting member fee increase. “We believe we may reach a compelling tactical inflection point at some time in the next 2-3 months ahead of a potential membership fee increase in the spring,” John Heinbockel, analyst at Guggenheim, wrote in a new client note on Tuesday. Costco’s last membership fee increase took place on June 1, 2017. The warehouse… Source link

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AMC stock hits lowest point since January 2021

AMC stock hits lowest point since January 2021

AMC stock (AMC) slid almost 8% on Monday, hitting the lowest level since the meme stock frenzy began in January 2021. Shares closed at $4.89 each. The theater operator announced that it has so far raised $162 million through the sale of its APE (APE) units, a preferred equity program launched earlier this year, and has slashed its debt obligations by approximately $180 million this year through a combination of refinancing and repurchasing part of its debt at a discount. AMC stock is down… Source link

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Google’s AI Videos Point to a Machine-Generated Future

Google’s AI Videos Point to a Machine-Generated Future

AI’s creative abilities are outstripping its driving skills. While self-driving car technology is going nowhere, there’s been a remarkable explosion in research around generative models, or artificial intelligence systems that can create images from simple text. In just the past week, AI researchers from Meta Platforms Inc. and Alphabet Inc.’s Google have taken an extraordinary leap forward, developing systems that can generate videos with just about any text prompt one can… Source link

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