Author: starbpo

Following news that AMD might become a customer for Intel’s foundry, the company’s stock rose 7.1% on Wednesday. Advanced Micro Devices Inc. and Intel Corp. are competitors and possibly future partners. According to unnamed persons familiar with the situation, Semafor reported on Wednesday that the chip giants are in the early stages of talks about AMD (AMD) possibly becoming a customer for Intel’s (INTC) foundry business. It’s unclear how much manufacturing Intel would provide to AMD in a hypothetical cooperation, and there’s no assurance the two companies will proceed with an agreement. AMD would be the most recent industry opponent…

Although Amazon’s stock has underperformed this year, Deutsche Bank claims that worries about cloud market-share losses are exaggerated. Every quarter brings with it a fresh round of highly confident stock recommendations from Deutsche Bank analysts. On Wednesday, the bank released its “fresh money” list of the best investment ideas for the fourth quarter, arguing for 38 equities, 22 of which are new this time around. Deutsche Bank researchers identified nine highly attractive possibilities, including four new ones, in the technology, media, and telecoms industries. Among them is Palo Alto Networks Inc. (PANW), which has underperformed the S&P 500 SPX this…

Sora from OpenAI might assist the business in reaching its objective of increasing non-subscription income. Sora, an artificial intelligence program, was released this week, marking OpenAI’s first foray into the social media space. Morgan Stanley analyst Brian Nowak wrote in a note on Tuesday that the app, which lets users create incredibly lifelike AI video clips based on text prompts, might be a “direct competitor” to Meta Platforms Inc.’s (META) services like Facebook and Instagram, Alphabet Inc.’s (GOOG) (GOOGL) Google and YouTube, TikTok, and other social media platforms. Given that ChatGPT is currently the most popular chatbot, OpenAI is undoubtedly…

The Fed is attempting to figure out how to boost the labor market without raising inflation. In the face of high inflation and a weak job market, the Fed is already facing the challenging challenge of setting interest-rate policy. By postponing the release of crucial economic statistics, like as this month’s job report, the government shutdown, which is already in its second day, may make the central bank’s job even more difficult. Fed officials have handled shutdowns in the past, but this one is particularly difficult given the state of the economy, which includes growing inflation and a weakening labor…

The numbers: According to ADP, the payroll company, U.S. businesses added 233,000 new jobs in October, which was the biggest gain in 15 months. This suggests that the job market is a bit better than was thought before. In October, the ADP asked economists and found that they thought the economy would add 113,000 new jobs. The official government jobs number that comes out a few days later is not very good at predicting what ADP will say, though. Each report goes in the same way over time. A poll of economists by the Wall Street Journal says that the…

In recent polls, Donald Trump has gained ground. The oddsmakers see him as a clear favorite to beat Vice President Kamala Harris in next week’s presidential race, but not a strong one. But people who are betting on Trump might want to look at the most recent economic data. It shows that Harris could gain from big tailwinds that make the difference in a close race. That’s what analysts at Moody’s Analytics say. They looked at past presidential races to find the economic factors that can best predict how they will turn out. An economist from Moody’s Analytics named Justin…

The amounts: The Labor Department said Thursday that the number of initial jobless claims dropped by 12,000 to 216,000 in the week ending October 26. This is the third week in a row that weekly claims have gone down. It’s been since May that claims have been this low. The Wall Street Journal asked economists and found that they thought the number of new claims would go up by 3,000 to 230,000. Claims dropped by 14,000 to 228,000 last week. The first guess was that the number would drop by 15,000 to 227,000. Important facts: The most recent week saw…

Donald Trump has had more than $100 million in legal bills since 2020 for both criminal and civil cases. But he probably hasn’t had to pay a dime yet. Which is why the ex-president has been able to pay for his legal fees with steady gifts to his campaign. If Trump loses the election next week, though, he might have to start paying for things himself in the long run. Daniel Weiner, head of the Brennan Center’s elections and government program and an expert on campaign finance, says that Trump would have to start paying and how much he would…

It was 46.6 in September, but 41.6 in October for the Chicago Business Barometer, which is also called the Chicago PMI. According to a study by the Wall Street Journal, economists thought the reading would go up a little, to 46.8. For eleven months in a row, the Chicago PMI has been below the 50 mark, which is the point where growth and contraction meet. From a low point of 35.4 in May, it has gone up a bit. Production has been slowed down by the strike at Boeing Co. BA-3.86% that is still going on. The ISM-Chicago puts together…

A model that looks at how the stock market has done so far this year to predict the current political party’s chances of winning the election says that U.S. Vice President Kamala Harris’s chances of winning are lower than they were two weeks ago. Even so, that model still says that Harris, the Democratic candidate for president, will likely win the U.S. election on November 5—with a 70% chance of doing so. It’s because the Dow Jones Industrial Average DJIA -0.85% has gone down that Harris’s odds are lower than they were on Oct. 17, when I last wrote about…