Wall Street keeps getting more and more bullish on Credo Technology (CRDO). But investors aren’t. That divergence is becoming one of the more interesting stories in the artificial intelligence infrastructure business. The connectivity chip manufacturer Read more…
Dollar General, which mainly sells items priced under $10, is seeing customers adjust their spending patterns in stores amid elevated gas prices nationwide. Drivers have faced higher fuel costs since the U.S. and Israel’s attack Read more…
An all-electric vehicle future in the U.S. seems further away now than it did five years ago. Under Republican leadership, the U.S. has cut subsidies to electric vehicles, forcing carmakers to rightsize their production and Read more…
Last week’s optimism on a reopening of the Strait of Hormuz faded this week as both US and Iran officials toned down the prospect of agreement and military action flared up again, including in Lebanon. Read more…
We expect the ECB to hike the deposit rate by 25bp to 2.25% on Thursday 11 June in line with consensus and markets. We expect Lagarde to keep full optionality on the future policy rate Read more…
Over the past five years, the tech-heavy Nasdaq-100 returned roughly 125%, well ahead of the S&P 500. Even casual investors are likely familiar with the most popular stocks in that index, such as Nvidia, Microsoft Read more…
The purpose of online shopping was to make buying easier, a benefit widely used during the pandemic. So much so that even after physical stores reopened, retailers continued to invest more in developing their digital Read more…
Conflicting drivers are preventing GBPUSD from finding a clear direction. The Bank of England is set to disappoint markets with the scale of its monetary tightening. The British pound is consolidating against the US dollar Read more…
Markets Chipmaker Broadcom’s after-market earnings results sapped sentiment to some extent. A weaker-than-expected sales outlook in particular caused some renewed AI valuation concerns. The sector has had a mindboggling rally so perhaps not much was Read more…
Broadcom (AVGO) has been one of the most rewarding AI stocks in recent months, but its latest earnings report left investors wanting more. The semiconductor and software giant dished out another superb quarterly showing in Read more…