A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
Schlagwort-Archiv: Markets
‚Price bubble‘ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making „significant strides“ toward profitability on a monthly basis by the second half of 2023, the firm said.
Gap shares soar after retailer reports big improvement in margins
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.
Stocks making the biggest premarket moves: Nvidia, Best Buy, Snowflake, Carnival & more
These are the stocks posting the largest moves in the premarket.
Boss of Goldman-backed digital bank Starling to step down next month
Starling CEO Anne Boden is to step down on June 30. She will hand the reins to Starling’s COO John Mountain, who has been with the bank since 2015.
UK borrowing rates close in on last year’s ‚mini-budget‘ crisis levels
New data on Wednesday showed that the U.K. consumer price inflation rate fell by less than expected in April.
Stocks making the biggest moves after hours: Nvidia, Snowflake, American Eagle Outfitters and more
These are the stocks posting the largest moves in extended trading.
Fed officials less confident on the need for more rate hikes, minutes show
The Federal Reserve on Wednesday released minutes from its May 2-3 policy meeting.