Articles

U.S. consumer credit tops $5 trillion for first time in November

Consumer credit rose in November to over $5 trillion for the first time on record. Credit rose $23.7 billion in November, the biggest gain in a year.

National Association of Realtors president resigns after receiving ‘threat’ to disclose ‘personal’ matter

Tracy Kasper's resignation is the third leadership shake-up at the National Association of Realtors since August.

Nvidia’s stock breaks new ground after healthcare partnerships and ahead of CES

Shares of Nvidia Corp. kept rallying Monday, enough to enter record territory for the first time in nearly two months, after the semiconductor and artificial-intelligence play announced expanded partnerships in the drug-discovery space.

Deutsche Bank cuts outlook on European stocks amid uncertainty on ECB, Fed rate cuts

Strategists at Deutsche Bank downgraded European stocks to neutral Monday, citing “muted” upside for stocks over the coming weeks and uncertainty on major central banks’ monetary-policy outlook amid a shaky start to 2024 for the financial markets.

Apple stock looks expensive vs. the rest of the ‘Magnificent Seven’

Apple's stock had a very good run in 2023, but it is starting 2024 with looming issues that make it look like an expensive buy for investors.

Financial markets may be overlooking ‘one remaining ember’ that could reignite inflation

Investors confident about the likelihood of easing U.S. inflation may be failing to put enough emphasis on one key component of last Friday's surprisingly strong jobs report for December.

Fallout from Red Sea attacks could boost this sector’s margins, says T.D. Cowen

A long detour around the Cape of Good Hope could benefit companies such as FedEx and UPS.

American Airlines stock gains altitude on Morgan Stanley upgrade after a ‘decent’ holiday season for carriers

American Airlines Group Inc. stock gained altitude on Monday after the carrier drew an upgrade from Morgan Stanley as part of the investment bank's fourth-quarter earnings outlook for the sector.

Samsung unveils world’s first transparent MicroLED display at CES

Samsung Electronics Co. on Sunday unveiled at CES 2024 the world's first transparent MicroLED display.

Investors should expect easier financial conditions this summer, says BofA Global

In addition to rate cuts, the Fed is expected to stop shrinking its balance sheet.

Good news for tenants: Rents have fallen for three months in a row

Rents fell in most of the largest cities, due to an increase in new apartments being constructed, reports say.

Nvidia dives deeper into AI drug development with Amgen, Recursion partnerships 

Nvidia is doubling down on artificial-intelligence-powered drug discovery and development, announcing expanded partnerships with Amgen and Recursion Pharmaceuticals.
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