BlackRock’s head of thematic and active ETFs, Jay Jacobs, expects artificial intelligence to unlock significant upside in infrastructure and cybersecurity stocks in 2025. “It’s still very early in the AI adoption cycle,” he said in a recent interview with CNBC. But artificial intelligence is a big enough tailwind that it…
The Hang Seng index held steady after another weak Chinese economic report. The index, which tracks the biggest companies in Hong Kong, was trading at H$19,755, up 3.5% from its lowest level this month. China deflation continues The Hang Seng index remained on edge after data by China’s statistics agency…
The Euro Stoxx 50 index has staged a strong comeback in the past few days. The index, which tracks the biggest European companies, has risen in the past six consecutive days, reaching a high of €4,977, its highest point since October 29. It has jumped by about 6% from its…
Asian shares faced a turbulent start to the week as South Korea’s ongoing political upheaval and weaker-than-expected demand recovery in China weighed on investor sentiment. A regional equities gauge fell 0.3%, with South Korea’s Kospi index plunging as much as 2.3%. The smaller Kosdaq index tumbled over 4% to its…
Rolls-Royce share price resumed its strong rally and jumped to its all-time high of 598p on Friday. It has jumped by over 1,500% from its 2020 lows, making it the best-performing company in the FTSE 100 index. This rally has brought its market cap to over £50 billion, making it…
Broadcom stock price is hovering near its all-time high as its march towards the $1 trillion market cap intensified. AVGO was trading at $180, a few points below the all-time high of $186. It has rallied by almost 1,200% from its lowest level in 2020. Broadcom business is growing Broadcom…
Significant rallies in cryptocurrencies including Bitcoin have turned many into a believer. Even notable names like Jim Cramer are bullish on the world’s largest cryptocurrency by market cap and apparently have been so since 2020 when he first secured exposure to the BTC. But it hasn’t been the giants like…
Asian shares faced a turbulent start to the week as South Korea’s ongoing political upheaval and weaker-than-expected demand recovery in China weighed on investor sentiment. A regional equities gauge fell 0.3%, with South Korea’s Kospi index plunging as much as 2.3%. The smaller Kosdaq index tumbled over 4% to its…
The US labor market is sending confusing signals. November brought strong job gains, but unemployment ticked higher, and fewer people are participating in the workforce. The latest data releases are not so straight-forward and this has left investors, workers, and policymakers scratching their heads. The Federal Reserve is preparing for…
Gold prices started a new week with gains as geopolitical tensions and sliding yields on US Treasury bills maintain the upside momentum in the yellow metal. The US Treasury bond yields dropped to their lowest level since October amid bets that the Federal Reserve (Fed) will lower borrowing costs again…