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Stories in today's InvestorSnippets:
🧊 US cooled slower
📈 Canada grew more than expected
🤖 Investments in humanoid robots
🍔 's not using surge pricing
🤑 $1B in ETFs this week
🚀 ETFs on a tear
The Fed's preferred inflation measure, the core Personal Consumption Expenditures (PCE) index, rose 2.8%
is nearing its all-time high fueled by the launch of ETFs and anticipation of the network's upcoming halving event. The rally may continue to new highs due to the limited supply and increasing demand, particularly with the adoption of bitcoin ETFs.
Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021.
Chinese automaker introduced the U9 electric supercar on Sunday and boasted its performance comparable to elite models like Ferrari. It will be BYD's most expensive car, priced at $233,424 as the company aims to compete with luxury brands globally.
Chinese automaker BYD is set to bring an electric supercar that can hit speeds similar to high-end models by industry giants like Ferrari.
Nvidia’s total revenue rose 265% in Q4 from a year ago, driven by continued strong demand for its AI chips amid the rising popularity of AI products. It expects the current quarter’s revenue to also be higher than anticipated, with notable growth in data center sales.
Nvidia has been the primary beneficiary of the obsession with large AI models, which are developed on the company's pricey graphics processors for servers.
Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal, with Discover shareholders receiving a 26% premium on their shares. The merger is expected to be completed between late 2024 and early 2025.
The merger of the two companies, which are among the largest credit card issuers in the U.S., would expand Capital One's credit card offerings and its deposit base.
Canada’s inflation grew by only 2.9% in January from a year ago. This raised the likelihood of reaching the Bank of Canada’s 2% target in the coming months and the market is now expecting rate cuts as early as June.
(Bloomberg) -- Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the coming months.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapit...
China's consumer prices fell again in January by 0.8%, marking the fastest decline in 15 years and the fourth consecutive month of deflation.
However, some analysts believe that the end might be near as the country's recent stimulus is starting to show some effects.
Plummeting food prices feed steep annual drop amid renewed calls to stimulate economy and offset weakening demand
bases this forecast on the expectation of Fed rate cuts eventually this year, weakening the dollar and increasing the appeal of these commodities.
As interest rates dip, gold becomes more appealing compared to alternative investments like bonds.
New York Community Bancorp stock recovered slightly today but plunged about 22% yesterday, on top of the 38% selloff last week.
Wonder if the deposit withdrawal will increase because of this and potentially mirror the banking crisis last year 👀
Embattled regional bank New York Community Bancorp suffered another blow Tuesday evening as Moody’s Investors Service downgraded its credit rating to junk status.
The US economy outperformed all other large advanced economies in 2023 and is expected to do so again in 2024 with a projected growth rate of 2.1%, the highest among the nations.
America's economic outperformance is rooted in its distinctive structural strengths, policy choices, and some luck.
and significantly boosted their valuations on Friday, over $270 billion combined in a single day, following strong Q4 earnings.
This surge is larger than the entire market cap of several major US companies like Netflix, Coca-Cola, Bank of America, McDonald's, and Disney.
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) lost over $2 billion of assets on Friday, about 6% of its total AUM, a sign that investors are finally shifting out of ultra-short duration treasuries.
This article created an "Ultimate Defensive Portfolio" with only five low-cost ETFs across healthcare, utilities, consumer staples, gold, and long-term treasury.
It looked at the historical performance of a portfolio like this and it showed resilience and competitive returns, outperforming the S&P 500 and a traditional 60/40 portfolio, especially during market crises.
Looking to minimize drawdowns and volatility in a simple and accessible way? Check out this ETF portfolio.
shares are up over 14% and hit a new all-time high after reporting one of the best quarterly earnings in recent years.
Meta's fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
narrowed its losses in the last quarter of 2023 with a slight increase in revenue but faces challenges following the recent incident where a fuselage panel blew out midflight on a 737 Max 9.
Boeing did not provide a 2024 outlook, weeks after a fuselage panel blew out midflight on a nearly new 737 Max 9 on Jan. 5.
The Fed has decided to hold interest rates steady again. While rate cuts may begin this year, the Fed emphasized that it's unlikely in March due to the lack of confidence in achieving a sustainable 2% inflation target.
Fed Chairman Jerome Powell said the central bank is unlikely to have enough confidence about inflation to cut rates as soon as March.
China is cracking down on short sellers and has started to ban lending shares for short selling to stabilize its faltering stock market.
This follows a series of unsuccessful interventions by authorities as the Index hit a five-year low, losing 20% in nine months.
Tesla faced its first annual profit decline since 2017 due to the significant vehicle price cuts last year.
Its revenue and deliveries continued to increase, but investors are concerned about the struggle to convert rising sales into profit growth.
Tesla registered its first annual profit decline since 2017 last year.
The Bank of Canada has kept its key rate steady at 5% for the fourth consecutive time but its focus is shifting to when to cut rates rather than whether to hike again.
OTTAWA (Reuters) -The Bank of Canada (BoC) held its key overnight rate at 5% on Wednesday and said that while underlying inflation was still a concern, the bank's focus is shifting to when to cut borrowing costs rather than whether to hike again. The BoC governing council has held rates steady at fo...
Netflix's shares rose over 7% in the extending trading after it reported Q4 results that surpassed expectations.
The company’s earnings were slightly less than anticipated but its revenue was well above estimate and its total paid subscribers reached a new record high.
Spirit Airlines shares are expected to rebound according to TD Cowen, driven by the positive revenue forecast and its appeal with JetBlue on the court's decision to block the merger.
So far it has risen about 17% from its record low last week.
Shares of Spirit Airlines Inc. are likely to continue their rebound Monday, according to T.D. Cowen, continuing their rally after a five-day losing streak...
A recent report suggests high corporate profits significantly contribute to ongoing inflation in the US. Despite decreasing input costs, companies are slow to reduce consumer prices.
What are your thoughts on this?
Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop
A recent report suggests high corporate profits significantly contribute to ongoing inflation in the US.
Despite decreasing input costs, companies are slow to reduce consumer prices.
Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop
IRobot's shares plunged 36% in the premarket on Friday and later recovered to a 14% drop after reports that EU anti-trust regulator might block Amazon’s acquisition of the company.
Shares of the Roomba vacuum maker plunged nearly 40% to $14.3 in trading after the bell. WSJ reported that Amazon was informed during its meeting with European Commission's officials on Thursday that the deal was likely to be rejected. Amazon declined to comment on the report.
CITIC Securities, China's largest brokerage, has restricted short-selling for retail clients following significant losses in the local stock markets and regulatory directives.
China’s biggest stock broker suspends short-selling as markets tumble- BBG
Apple will start selling modified versions of its Series 9 and Ultra 2 watches in the US without the blood oxygen feature due to a legal defeat in a patent dispute with Masimo Corp.
(Bloomberg) -- Apple Inc. will begin selling versions of its Series 9 and Ultra 2 watches without a blood oxygen feature in the US, following a legal setback in its patent dispute with Masimo Corp.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell W...
Taiwan Semiconductor Manufacturing anticipates solid growth in the upcoming quarter, with revenue growth expected to bounce back to at least 20% for the year.
This outlook, while not quite surpassing the most bullish estimates, comes after a year of slump in tech demand.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. expects a return to solid growth this quarter and gave itself room to raise capital spending in 2024, suggesting the world’s most valuable chipmaker anticipates a recovery in smartphone and computing demand.Most Read from BloombergBlinken’s R...
Canada's annual inflation rate rose to 3.4% in December, up from 3.1% in November, mainly due to a base year effect and a sharper decline in gasoline prices a year ago.
Despite the rise, the average annual inflation rate for 2023 was 3.9%, down from 6.8% in 2022.
OTTAWA — Canada’s annual inflation rate rose to 3.4 per cent in December, marking another bump along the way back to price stability for the central bank. Statistics Canada released its consumer price index report Tuesday, showing inflation ticked up from 3.1 per cent in November, largely becaus...
Approximately 75% of the effects of Fed’s rate hikes have already impacted the US economy, according to the IMF. The remaining 25% is expected to materialize this year.
Europe has more follow-through from higher interest rates still to come, the IMF's deputy managing director said at Davos.
US pension funds are reducing their exposure to Chinese equities, with filings from 14 funds showing reductions in holdings since 2020.
Most of them were major investors in China and have cut their exposure for the third consecutive year.
(Bloomberg) -- Years of harrowing losses have left Chinese stocks with a diminished standing in global portfolios, a trend that’s likely to accelerate as some of the world’s biggest funds distance themselves from the risk-ridden market. Most Read from BloombergSEC Authorizes Bitcoin-Spot ETFs in...
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