Jensen Huang Fires Back At Wall Street ‘Flatlining’ Nvidia Forecasts, Says AI Demand Will Crush Long-Term Expectations
Vishaal Sanjay (Benzinga Newswire) Chipmaker Nvidia Corp.’s (NASDAQ: NVDA) CEO Jensen Huang pushed back against Wall Street’s long-term outlook for the company, saying analysts are underestimating the scale of artificial intelligence demand. Dismisses Wall Street Forecasts On last week’s Open Source podcast, Huang was asked about Wall Street consensus from 25 analysts projecting Nvidia’s growth “flatlining” after 2027. He said […]
US Economy Grows at Fastest Pace in Nearly Two Years on Consumer
Summary by Bloomberg AI The US economy grew at a revised 3.8% annualized pace in the second quarter, stronger than the previously reported 3.3% advance. The economy rebounded in the second quarter after a contraction in the first quarter, with consumer spending advancing at a 2.5% annualized pace and business investment expanding at a 7.3% […]
Economists Lower US Job Growth Through 2026, Fueling Rate Cuts
Summary by Bloomberg AI Economists downgraded their projections for US job growth through the end of next year, citing an average of 71,000 payrolls rising a month from the fourth quarter of this year through 2026. The more subdued pace of job creation will encourage US central bankers to gradually lower borrowing costs, culminating with […]
U.S. and global growth forecast lifted by OECD as economies surprise to the upside
Sophie Kiderlin CNBC September 23, 2025 Key Points The OECD now expects global growth of 3.2% this year, compared to the 2.9% expansion it had forecast in June. “Global growth was more resilient than anticipated in the first half of 2025, especially in many emerging-market economies,” the OECD said. The full effect of tariffs is […]
US REACT: FOMC Reaction Function Becomes More Dovish
By Anna Wong (Economist), Eliza Winger (Economist) and Stuart Paul (Economist) 09/17/2025 13:30:41 [BI] Summary by Bloomberg AI ▪ The FOMC lowered the federal funds rate target range 25 basis points to 4.0%-4.25% — as widely expected — the first cut since December. ▪ The median participant sees another 50 bps of cuts […]
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending
By Augusta Saraiva 09/16/2025 06:08:19 [BN] Summary by Bloomberg AI US retail sales rose in August for a third month in a broad advance, with the value of retail purchases increasing 0.6% after a similar gain in July. Nine out of 13 categories posted increases, led by online retailers, clothing stores and sporting goods, likely reflecting back-to-school […]
Larry Ellison, the tech world’s great survivor
At 81, Oracle’s co-founder has reinvented himself as a power in AI to become (briefly) the richest person in the world. By Richard Waters and Rafe Rosner-Uddin Published Sep 12 2025 As Larry Ellison settled in for dinner at the elegant Japanese restaurant Nobu in Palo Alto last year, he was joined by his longtime friend […]
Economists See Fed Rate Cut Next Week, at Least One More in 2025
By Maria Eloisa Capurro and Dana Morgan 09/12/2025 03:00:00 [BN] Summary by Bloomberg AI Economists surveyed by Bloomberg News expect the Federal Reserve to execute a series of interest-rate cuts in the coming months, beginning with a reduction next week. The median respondent sees two cuts by year’s end, but a sizable minority anticipates three reductions, with investors leaning […]
US business activity picks up in August, factories lead the way, survey says
By Reuters August 21, 2025 Aug 21 (Reuters) – U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased […]
US service sector regains speed in August; employment weak
By Reuters September 4, 2025 WASHINGTON, Sept 4 (Reuters) – U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management (ISM) said on Thursday its nonmanufacturing purchasing managers index (PMI) increased to 52.0 last month from 50.1 in July. Economists polled by Reuters had […]