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Published on: February 10, 2025, 01:01 PM UTC
Nvidia's stock underperforms amid concerns over AI competition and chip delays. Analysts remain bullish ahead of earnings, citing the company's strong software ecosystem and market share in hyperscalers.
Published on: February 10, 2025, 01:01 PM UTC
Global markets react to Trump's tariff threats, leading to a surge in safe-haven assets and a strengthening US dollar.
Published on: February 10, 2025, 01:00 PM UTC
The dollar strengthened and gold hit a record high after President Trump's steel and aluminum tariffs announcement disrupted markets. Stock futures suggested a rebound from Friday's slump, with S&P 500 and Nasdaq 100 futures gaining. The yen and Canadian dollar weakened against the greenback, while American metals stocks surged on tariff news. BP Plc shares also jumped on news of Elliott Investment Management's stake. Key events to watch include Powell's speech and US CPI data.
Published on: February 10, 2025, 01:00 PM UTC
Euronext considers consolidating exchange-traded products listings on a single trading venue to enhance liquidity and reduce fragmentation in Europe's ETF market.
Published on: February 10, 2025, 12:05 PM UTC
Mexico's central bank chief says the country's inflation slowdown allows for further interest rate cuts, but tariffs pose a risk.
Published on: February 10, 2025, 12:04 PM UTC
Stocks were nearly unchanged during the first week in February, as the market digested corporate earnings from major technology companies, a surprisingly strong January jobs report, and ongoing news about President Donald Trump's tariff policies. The S&P 500 (^GSPC) remained largely flat for the week, while the Nasdaq Composite (^IXIC) and Dow Jones Industrial Average each fell about 0.4%. Inflation data will take center stage in the coming week, with the release of the Consumer Price Index (CPI) on Wednesday morning. Wholesale inflation and retail sales figures will also be closely watched. Additionally, investors will be closely monitoring Trump's planned announcement of new 25% tariffs on steel and aluminum imports, as well as further details on reciprocal tariffs. On the corporate front, 78 S&P 500 companies, including McDonald's (MCD), Coca-Cola (KO), Super Micro Computer (SMCI), and Airbnb (ABNB), are scheduled to report earnings.
Published on: February 10, 2025, 12:04 PM UTC
The C-suite is feeling powerless in the second Trump era. Tariffs are a major concern for CEOs, who are having to plan for multiple scenarios and adjust their guidance. PepsiCo, GM, and Ford have all mentioned tariffs on their earnings calls, and estimates for S&P 500 companies have begun to trend lower. Chipotle's CFO says the company has been busy preparing for tariffs, but won't raise prices immediately if they're fully enacted. DisneyCFO Hugh Johnston says the company is immune to policy chaos because it's in the smile-creating business.
Published on: February 10, 2025, 12:03 PM UTC
Trump Media & Technology Group to launch "Bitcoin Plus ETF" as part of new Truth.Fi brand, aiming to align investments with Trump's economic policies.
Published on: February 10, 2025, 12:03 PM UTC
The Magnificent Seven ETF (MAGS) fell 2.4% last week due to concerns over lackluster guidance and plans for record capital investment. Tech stocks are still recovering from the DeepSeek-driven sell-off, but industry experts see DeepSeek as a catalyst for the industry, not a headwind. Investors looking to cash in on AI's next growth phase may want to consider AI network stocks, which provide the infrastructure for AI applications.
Published on: February 10, 2025, 12:02 PM UTC