The auto industry has been sent into a tailspin with the unexpected entry of Chinese smartphone company Xiaomi into the market. As Tesla struggles to maintain its dominance, Xiaomi has taken the bold step of undercutting the competition by introducing its electric SU7 sedan at a price significantly cheaper than Tesla’s Model 3. With a
Finance
Introducing a fresh perspective in the municipal funds space, BondBloxx’s Joanna Gallegos has introduced the IR+M Tax-Aware Short Duration ETF (TAXX) to the market. Gallegos emphasizes the importance of looking beyond traditional municipal bond portfolios and focusing on the relative value of after-tax income. This ETF is positioned as an income-generating opportunity in a high-rate
Federal Reserve Governor Michelle Bowman recently made a statement indicating that interest rates may need to be raised in order to control inflation, contrary to the expectations of rate cuts. The market had anticipated a different approach, but Bowman highlighted the importance of carefully monitoring inflation risks and not rushing to ease policy too quickly.
U.S. Treasury Secretary Janet Yellen’s recent trip to China highlights the importance of high-level communication between the two countries. Yellen expressed the need for ongoing and deepening dialogue to avoid misunderstandings that can strain the already tense relationship between the U.S. and China. This visit marks her second trip to China since the summer, demonstrating
The tech giant Intel faced a significant setback with a 7% drop in its stock price after revealing a $7 billion operating loss in its semiconductor manufacturing business in 2023. Spotify Technology experienced a positive surge of more than 5% following reports of increasing prices for its premium subscription service in various markets, including the
Cleveland Federal Reserve President Loretta Mester recently shared her belief that interest rate cuts will likely occur this year, although she ruled out the possibility of cuts at the next policy meeting in May. Alongside Mester, San Francisco Fed President Mary Daly also anticipates rate cuts in the coming year but emphasized the need for
Micron Technology saw a 5.4% jump in its share price after Bank of America raised its price target on the chipmaker. The Wall Street firm expects demand for high-bandwidth memory technology to grow significantly by 2027. This positive outlook from a reputable financial institution undoubtedly contributed to the surge in Micron’s stock price. Goldman Sachs
Micron Technology is seeing a slight increase in shares based on a price target increase by Bank of America. This optimism is fueled by the forecast of high-bandwidth memory technology demand growing to over $20 billion by 2027. While this projection sounds promising, it is essential to consider the volatile nature of the technology sector
There may be new incentives for the Federal Reserve to consider cutting rates even deeper in the second quarter of this year, according to Canaccord Genuity’s chief market strategist, Tony Dwyer. Dwyer believes that a combination of a deteriorating jobs market and easing inflation could ultimately push the Fed to take more aggressive action. In
While Starbucks and Apple are facing challenges in China due to price competition and the need for momentum, Domino’s Pizza’s China operator DPC Dash has reported impressive growth. With its 26th consecutive quarter of same-store sales growth, even during the pandemic, the company’s revenue more than tripled last year compared to 2019. HSBC analysts are