U.S. China committee chair says there’s broad support to block American asset managers from investing in Chinese A.I. firms
Rep. Mike Gallagher, R-Wis., said there was “broad support” for barring American asset managers from investing in Chinese AI companies among VCs they met.
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
The consumer price index, a widely followed inflation measure, rose 0.1% for the month and 5% from a year ago, both less than expected.
Buffett tells why he sold most of his bank stocks — except one
The Berkshire chairman and CEO had offloaded shares in other large banks such as Wells Fargo, Goldman Sachs and JPMorgan.
Morgan Stanley upgrades this cloud database stock, sees a ‘pivot to profitability’
Morgan Stanley upgraded MongoDB shares to overweight. The firm is now back on board with MongoDB, saying much of its prior macro concerns have been addressed.
Bernstein says this hotel stock is a top pick due to its strong exposure to luxury travel
Bernstein says Hyatt’s exposure to luxury travel and the Asia-Pacific region make it well-positioned for the biggest growth and margins among big hotels.
Homebuyer mortgage demand jumps after interest rates drop to two-month low
Mortgage rates fell to the lowest level in two months last week, spurring demand from potential homebuyers.
JMP says this e-commerce stock could surge 45% as it continues to take market share
JMP Group upgraded Shopify shares to market outperform, while noting that the company should engage in greater expense discipline.
UBS says it’s time to buy this banking giant with very low risk ahead
UBS thinks that heightened levels of uncertainty in the market presents a tailwind for the banking giant’s trading businesses.
Biden proposes toughest auto emissions rules yet to dramatically boost EV sales
The EPA’s proposed tailpipe emissions limits to boost electric vehicle sales represent the country’s most aggressive climate regulation to date.
New York and California are stockpiling alternative abortion pill misoprostol
New York Gov. Kathy Hochul has ordered the state health department to immediately start purchasing 150,000 doses of misoprostol, a five-year supply of the pill.
