Former Treasury Secretary Steven Mnuchin says ‘people are overreacting a bit’ to Trump’s policies
By Jesse Pound March 12, 2025 Mnuchin, who served in President Donald Trump’s Cabinet during the Republican’s first term in office, told CNBC’s “Squawk Box” that he does not see signs of an imminent slowdown for the U.S. economy. The first few months of Trump’s second term have been marked by escalating trade tensions between […]
Powell says there’s no rush to ease more given strong economy
By Reuters February 11, 2025 Feb 11 (Reuters) – The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate […]
Apple will spend more than $500 billion in the U.S. over the next four years
February 24th, 2025 Teams and facilities to expand in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington Plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, a manufacturing academy, and accelerated investments in AI and silicon engineering CUPERTINO, CALIFORNIA Apple today announced its largest-ever spend commitment, with plans […]
TSMC’s Sales Quicken in First Two Months in Upbeat Note for AI
Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue increased 39% in the first two months, driven by resilient demand for AI chips. The company’s sales are a barometer for the sector, and its growth is seen as a sign of healthy spending on artificial intelligence computing. However, TSMC faces uncertainty in 2025, including the […]
Here’s the $280 billion reason that AI-chip stocks will be just fine
By Therese Poletti February 6th, 2025 The winners of hyperscalers’ big spending plans will continue to be chip companies like Nvidia Investors still worrying about chip stocks in light of fears of lower spending on AI can breathe a sigh of relief now that Amazon has joined in with three other Big Tech companies committed […]
Broadcom’s Surging AI Revenue Can Revive Broad Demand Optimism
By Tatiana Darie 03/06/2025 Bloomberg More details from the Broadcom release show that its AI-related sales grew 77% year-over-year to $4.1 billion in 1Q, above expectations of 62%. It also guided for AI semiconductor revenue of $4.4b for 2Q, indicating that AI chip demand remains strong despite worries that disruptors out of China may cause […]
US Services Expand at Faster Pace on Robust Employment Growth
Summary by Bloomberg AI The Institute for Supply Management’s gauge of services advanced to 53.5 in February, exceeding economists’ expectations and signaling growth. The group’s index of services employment climbed to 53.9, the highest since December 2021, and a measure of costs paid for materials and services increased to one of the firmest readings since […]
Nvidia Is Firing on All Cylinders. Somehow the Stock Looks Cheap.
Barron’s By Tae Kim Feb 27, 2025 Nvidia CEO Jensen Huang said demand was “amazing” for Blackwell, the company’s latest generation GPU. Rumors of Nvidia’s demise were greatly exaggerated. The AI chip king posted impressive results Wednesday night, and its overall growth prospects look as promising as ever. The stock’s 8.5% decline after earnings makes the opportunity […]
Global shares to keep rising, say strategists unbothered by trade friction
Reuters by Ross Finley February 27, 2025 LONDON, Feb 27 (Reuters) – Stock market strategists are sticking to their positive view on the performance of global equity markets, expecting solid gains in even the most beaten-down indexes in India and Japan, according to the latest quarterly Reuters polls. The United States under President Donald Trump […]