Here’s what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don’t happen during good times, something important for markets to remember.
Nvidia CEO Jensen Huang says AI will be ‘fairly competitive’ with humans in 5 years
Nvidia CEO Jensen Huang said Wednesday at The New York Times’ DealBook Summit that AI is getting more competitive with humans
Nvidia CEO: Senior executives don’t need pampering, career guidance
Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management.
Man charged in alleged plot by Indian government official to assassinate U.S. citizen
Indian national Nikhil Gupta is charged in federal court in Manhattan in relation to the ultimately foiled murder plot, a newly unsealed court filing shows.
Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease
Markets largely expect that the Fed has stopped raising rates and will start cutting in 2024.
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.
GM says union labor deals will increase costs by $9.3 billion
The UAW’s targeted strikes, which ended in late October, cost GM $1.1 billion in adjusted earnings before interest and tax, or EBIT, in 2023.
‘It’s beginning to look a lot like VIX-mas.’ What Wall Street’s fear gauge is saying right now
A popular measure of volatility is drawing attention as it drops to fresh lows. But some investors are worried it could be a precursor to a bearish surprise ahead.
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
GM pulled its guidance when it reported its third-quarter earnings on Oct. 24, citing volatility caused by the UAW negotiations and labor strikes.
Mortgage demand from homebuyers gets a boost as interest rates continue to fall
Mortgage applications to purchase a home increased 5% for the week but were still 19% lower than the same week one year ago.
