Wall Street

Jim Cramer has warned about Wall Street’s enthusiasm for artificial intelligence (AI), suggesting it may be reaching unsustainable levels, CNBC reported. Cramer compared the current AI trend to the action camera craze led by GoPro years ago. He noted that many companies are incorporating AI...

El Salvador president Nayib Bukele's embracing of Bitcoin (CRYPTO: BTC) was initially met with skepticism on Wall Street. However, the subsequent bond rally, boasting 70% returns, is now drawing investors who had previously been wary or had avoided the country's securities. These returns...

Fundstrat’s Tom Lee, a notable Wall Street bull, warns of a potential stock market sell-off in the coming weeks, Business Insider reports. Despite his bullish stance on stocks for the second half of the year, Lee sees worrying signals that prompted him to issue a tactical warning. “...

Founder of Apple Inc.’s (NASDAQ:AAPL) lead supplier Foxconn Technology Group (OTC:HNHPF), Terry Gou, warns of a potential crash in the U.S. stocks if a war involving Taiwan occurs, Bloomberg reports. The Taiwanese billionaire expressed his concerns in a Facebook post, stating that it could...

Wall Street’s financial giants, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), Wells Fargo & Co. (NYSE WFC), Morgan Stanley (NYSE:MS) and others are gearing up for impending regulatory shifts...

This week in artificial intelligence was marked by the potential of AI replacing Wall Street traders, the use of AI in cancer treatment, President Joe Biden‘s playful comment about AI, Mark Zuckerberg‘s decision to open up Meta’s LLaMA 2 to developers, and Apple’s work on AI...

The weekend was filled with a mix of tech, politics, and finance news. From the much-anticipated Tesla (NASDAQ:TSLA) Cybertruck rolling off the production line to Elon Musk‘s skepticism about Vice President Kamala Harris as the AI czar, the news cycle was anything but dull. In politics,...

The Federal Reserve is set to clarify the discussions from their June meeting that left Wall Street puzzled, Bloomberg reports. The Federal Open Market Committee halted its interest-rate hikes after 10 consecutive increases over 15 months, despite inflation cooling at a slower pace than anticipated...

Brokerage firm Bernstein on Monday stated that the U.S. Securities and Exchange Commission (SEC) may find it challenging to maintain its current position on spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), suggesting that the chances of approval are relatively high. The...

Barry Bannister, the chief equity strategist at Stifel reportedly said there won't be a textbook recession anytime soon and that he expects the S&P 500 to begin to level out around the 4,400 level in the third quarter. "Since October 2022, economic resilience and policy prudence indicated to us...

U.S. markets ended in the green on Tuesday as investors and traders shifted to a cautious mode ahead of the crucial inflation data release next week along with the Federal Reserve's policy decision. The Nasdaq Composite closed 0.36% higher while the S&P 500 gained 0.24%. Meanwhile, the...

Markets in the United States ended in the red on Monday after investors and traders began weighing in the possibility of a rate hike at the upcoming Federal Reserve meeting next week. The Nasdaq Composite closed 0.086% lower while the S&P 500 lost 0.2%. The Dow ended Monday's session 0.59%...

Morgan Stanley has reportedly estimated a 16% drop in the earnings per share of S&P 500 this year that is expected to apply brakes on the rally seen so far. Strategists at the investment bank led by Andrew Sheets expect that S&P 500 earnings per share will come in at $185 versus a median $...

A mystery trader is reportedly sitting on significant gains on an options bet regarding a 300-mile natural gas pipeline that was green-lit by the United States government as part of the debt ceiling agreement. Interestingly, the gas pipeline approval surprised most Wall Street analysts, many of...

U.S. markets ended in the green on Thursday following the passage of the debt ceiling bill in the House. The Nasdaq Composite closed 1.28% higher while the S&P 500 gained 0.99%. Both indices ended at their highest levels since August last year. Meanwhile, the following are the five stocks that...