Author: starbpo

However, China’s officials let down investors this week by not following through on recent monetary policy stimulus measures. Tomorrow is their second chance. On Saturday local time, China’s Ministry of Finance will hold a meeting that could give the economy up to 2 trillion yuan, or about $282 billion, in fiscal stimulus. The economy is still struggling because of problems with real estate. According to a note from Deutsche Bank strategist Jim Reid on Friday, the market is currently expecting a CNY1.5-2 trillion package, which does not include CNY1 trillion in recapitalization for big banks. It will be important to…

The numbers: U.S. market prices stayed the same in September, which showed that inflation was low in the economy. This means that last month’s bigger-than-expected rise in consumer prices is not likely to last. According to a study by the Wall Street Journal, economists thought the rate would go up by 0.1%. When compared to what people paid for goods and services last month, wholesale prices were not very high. The consumer price index went up more than expected, which made people wonder if the Federal Reserve would go through with its plan to lower interest rates in November. But…

Both Vice President Kamala Harris and former President Donald Trump want to increase spending and cut taxes in ways that could cost the government trillions of dollars over the next ten years. However, if the bond market doesn’t agree, none of those plans will work out. Recent economic data, like the consumer price index report released on Thursday, show that inflation is still well above the Federal Reserve’s 2% goal. Treasury bond prices have gone up because of this, even though the Fed cut rates by a big 50 basis points in September and plans to do more by the…

Even people who are bullish on Tesla Inc. stock can see why it’s going down after the company’s much-talked-about event with the robotaxi. Some analysts at Piper Sandler think that Tesla TSLA -8.69% is “irrefutably unique.” They thought that Thursday night’s “We, Robot” event was inspiring for “true believers” in the company’s story. “However, it’s hard to confidently raise estimates for 2025 and 2026, and we believe that many investors were looking forward to this event delivering something more concrete,” he wrote. Potter said that investors might not be able to believe everything Chief Executive Elon Musk says. “Elon says…

Thursday, Tesla Inc. will hold an event at a Hollywood movie studio to show off its robotaxi technology and ideas. The company hopes that the event will help its struggling stock. Robotaxi day, which is actually called “We, Robot” after Isaac Asimov’s collection of science fiction short stories called “I, Robot,” will try to answer all the questions about a possible fleet of self-driving Teslas that could run on public transportation. Tesla TSLA is likely to show at least a prototype of an autonomous car and maybe even a ride-hailing app. The company will also likely talk about its newer,…

Bespoke Investment Group says that even though Nvidia Corp. has been doing very well lately, semiconductor stocks are still not doing very well compared to the S&P 500. The S&P 500 SPX hit a new high of 5,792.04 on Wednesday, up 0.7%. Shares of Nvidia NVDA, a big name in semiconductors, ended the day down 0.2%, bringing their October gain down to 9.2%. “The technical picture may be getting better for Nvidia, but the picture for the semiconductor sector isn’t as strong,” Bespoke wrote in an email on Wednesday. The “Philadelphia Semiconductor Index” has been “stuck at resistance all summer,”…

Broadcom Inc. shares are on track to set a new closing high on Wednesday. If they do, they will be among the highest priced chips on the market. When Broadcom shares VGO.89% closed at $182.89 on June 17, that was the last time they hit a record high. During the day on Wednesday, shares were up 2.3% to $184.89. The business is on track to be worth more than $860 billion on the stock market. The PHLX Semiconductor Index SOX 1.06% reached its highest point on July 10. Since then, it has dropped about 10%. There are parts of that…

Donald Trump has promised to cut taxes on a lot of different things, from tips to Social Security income. But so far, he only has one big idea for how to raise money for the federal government: tariffs. The former president and current Republican presidential nominee thinks that taxing companies that bring goods into the United States from other countries will lead to a revival of industry in the United States. But we don’t know what the long-term effects will be because no country in modern times has put in place a 20% universal tariff like Trump wants to. Two…

Many Amazon Prime members will be looking forward to the company’s Prime Big Deal Days sales event on Oct. 8 and 9. They will be hoping to save money on expensive items like big-screen TVs, imported coffee makers, and the newest gaming systems. But more and more people are buying household things like laundry detergent, batteries, and toilet paper on Amazon AMZN -3.06% at the moment. It is promoting that area through its Prime sales event, which also has deals on more expensive items. Analysts and experts who spoke with MarketWatch say that this is making Amazon, a company that…

One expert thinks that Nvidia Corp. shares will be in the lead again by the end of the year, even though they had their first down quarter since 2022. In the calendar third quarter, Nvidia’s stock NVDA 2.24% went down 2%. This was the first drop in seven straight quarterly wins. But Nvidia stock is also up more than 150% so far in 2024, with a 2.7% rise on Monday. “So, even though people still roll their eyes when you say this buy again, the setup here is still pretty darn good,” Ben Reitzes, an analyst at Melius Research, wrote…