The Federal Reserve’s pause on interest-rate cuts in January — and its potential impact on your wallet — was expected by economists and markets. But, in its wake, not everyone agrees it was an appropriate monetary policy step for the U.S. economy. The Federal Open Market Committee voted 10-2 to hold interest rates steady at
There’s no denying it: Nvidia (NVDA) is priced for perfection. Regardless of your personal opinion, the standard mega-cap argument is no longer valid, with the tech giant now firmly in the perpetual AI capex machine space. This means any issues with OpenAI will lead to a sharp hit in the sentiment. CEO Jensen Huang swooped
Shares of Alphabet (GOOGL), the Google parent company, are up 9.9% year to date as of Feb. 2, far outpacing the S&P 500 Index’s 1.9% gain. Waymo, Alphabet’s autonomous driving technology subsidiary, revealed it had raised $16 billion in its latest fundraising round, now valuing the company at $126 billion, Reuters reported on Feb. 2.
Philip Morris International, an international tobacco company, has recently been in the news for its “smoke-free” alternatives and regulatory battles it faces with the ZYN pouches. Philip Morris closes office, lays off Amidst this, it filed a WARN (Worker Adjustment and Retraining Notification) letter with the Virginia Employment Commission on January 28 regarding the closure
Wall Street’s inclusive promise to bring private credit accessible to everyone, ‘democratizing,’ recently hit a cement wall. For a long time, private credit was reserved for the ultra-wealthy and pension funds. After private credit became ‘democratized,’ Mom-and-pop investors are the ones getting punished – with no exit in sight. Blue Owl Capital (OWL) is a
Nvidia is not just a leader in artificial intelligence chipmaking. It is also a key investor, whose backing is often a major reason a stock attracts market interest. That is now playing out with CoreWeave. The company has become Nvidia’s largest disclosed holding, accounting for 86.4% of its portfolio as of the end of the
“I don’t ever second-guess Elon.” That’s Palantir (PLTR) co-founder Joe Lonsdale’s sharp take on how he views the growing chatter around a potential SpaceX–xAI tie-up. Though he feels there’s substance to the idea, he isn’t rushing to the conclusion that it is the endgame for Tesla (TSLA) CEO Elon Musk’s empire. For a little context,
Chevron reported Q4 earnings on January 30 that topped analyst expectations, even as crude prices delivered the steepest yearly decline in half a decade. More importantly for income investors, Chevron (CVX) announced it’s raising its quarterly dividend 4% to $1.78 per share. That marks another chapter in the company’s unmatched track record of dividend growth
The Federal Reserve is about to get a new Federal Reserve Chairman. After a year of criticism, President Trump has nominated long-time Wall Street insider and former Fed Reserve GovernorKevin Warsh to take over the role from much-maligned Jerome Powell, Picking Warsh raised eyebrows on Wall Street, including mine, given his hawkish rate reputation, contributing
Gold is “a way of going long on fear,” Warren Buffett said in a 2011 appearance on CNBC’s “Squawk Box.” He added that if people become more afraid, you make money, and if they become less afraid, you lose money, because “the gold itself doesn’t produce anything.” In his 2011 Berkshire Hathaway shareholder letter, he