China’s President Xi Jinping has arrived back in Beijing after his two-day visit with President Vladimir Putin over the China-proposed Ukraine peace plan. On the Ukraine crisis, there was nothing that can be considered a […]
Authored by Yves Smith via NakedCapitalism.com, The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences […]
The Fed decision has may have come and gone but the hot takes from Wall Street experts are just starting. Below we excerpt from some of the more notable reactions to the Fed’s latest 25bps […]
Via Global Macro Monitor, Here is a follow-up on last week’s chart with some excellent granular detail. Interest payments on the national debt during the current fiscal year (October to February) are up 29 percent […]
Small biotech company 89bio (ETNB) scored a win Wednesday in fatty liver disease, and ETNB stock rocketed well above its 50-day moving average The company tested a drug called pegozafermin in patients with nonalcoholic steatohepatitis, […]
Wall Street analysts on Wednesday praised Nvidia‘s (NVDA) approach to artificial intelligence, as it moves from chips and computer hardware deeper into software and services. NVDA stock continued its ascent on the news. On Tuesday, […]
Bank stocks generally moved lower Wednesday as regulators and banking leaders continued bricking up weak spots in the U.S. rampart of small and midsize banks. Financial stocks saw little change after the Federal Reserve’s critical […]
Microsoft (MSFT) is the IBD Stock Of The Day as the software giant gets a lift from artificial intelligence initiatives. MSFT stock was near a buy point on Wednesday. On Friday, MSFT stock broke out […]
Nio stock fell modestly Wednesday but is still on track for its best week since January as management reaffirmed a key financial goal. “We are very confident to achieve our sales target in 2023,” Nio […]
The stock market disapproved of the Fed’s move on interest rates and Chair Jerome Powell’s comments as stocks sold off into the close. The market soured after Powell said rate cuts should not be expected. […]
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