Two years ago, Wall Street was asking whether AI would destroy Google Search. The question drove real anxiety among Alphabet investors and pushed some analysts to cut targets. The data Piper Sandler just published suggests Read more…
As if flying weren’t expensive enough, American Airlines’ recent policy change might feel like adding fuel to the fire for certain passengers. Earlier this year, the major U.S. air carrier joined other airlines in raising Read more…
Salesforce (CRM) gave investors plenty to cheer in its latest quarter, then handed the doubters something, too. The software giant cleared its earnings bar with room to spare, kept its artificial intelligence story moving, and Read more…
At some point in retirement, you look at your wallet and wonder why you still have so many credit cards. If you are not using them, closing them feels like the responsible move. Sometimes it Read more…
When discretionary spending gets tight, lifestyle brands are often among the first companies to feel the pullback. Consumers can’t skip out on essentials like car payments or grocery trips, but can easily do without a Read more…
Market Overview The crypto market capitalisation has been rapidly shrinking since the start of the new week, falling by 5% to $2.38 trillion, its lowest level since early April. It appears that confidence in the Read more…
Markets EMU May flash CPI data were close to/tentatively higher than expected, rubberstamping expectations for the ECB to raise its policy rate next week by 25 bps. Headline inflation increased 0.1% m/m and 3.2% Y/Y, Read more…
The AI trade has spent two years being almost entirely about GPUs. Nvidia dominates that conversation, and most of Wall Street has been happy to let it. Tom O’Malley at Barclays just said that framing Read more…
If you’re a gold fan, these are trying times. At least in the short run. Just ask Ed Yardeni, who has been a gold fan for years, not to mention a prominent stock-market bull. As Read more…
Federal Reserve Bank of Cleveland President Beth Hammack delivered one of the more hawkish messages from a Fed official in recent weeks, warning that inflation risks are becoming increasingly difficult to ignore. While she stopped Read more…