tag: week in markets – Charm

Wall Street Rebounds Without Its AI Darling’s Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets – General Motors (NYSE:GM)

Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….

Latest Inflation Data Cements Fed’s Interest Rate Call, S&P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets – Alibaba Gr Hldgs (NYSE:BABA), Meta Platforms (NASDAQ:META)

Cs news5 months ago5 months ago05 mins

The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve’s 0.5% interest rate cut issued Sept. 18, the first in more than four years. The inflation data supports another 0.5% interest rate cut…