IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures
The International Monetary Fund raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and policy moves.
CNBC Daily Open: Nasdaq tops 17,000; Exxon faces shareholder revolt
Texas Instruments has become the latest company targeted by activist investor Elliott, which has taken a $2.5 billion stake in the chipmaker.
Asia markets mostly lower after investors assess Australia inflation data
Investors in Asia assessed Australia’s inflation numbers for April, with the weighted consumer price index rising above expectations at 3.6%.
Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
Morgan Stanley analysts say we are “far from topping out on AI,” which is set to create investment opportunities.
Can Nvidia’s astronomical growth last? One outperforming fund manager weighs in
“I have never seen anything like this in terms of the dramatic earnings acceleration it’s displaying,” says Nick Griffin, CIO of Munro Partners.
S&P 500 posts first losing day in 3 as Nvidia’s climb fails to lift market, Dow drops 400 points: Live updates
Stocks slid Wednesday as choppiness in artificial intelligence darling Nvidia put one of the last few bright spots for traders at risk.
Chinese travelers are opting for lower-cost domestic destinations over foreign tourist spots
Cost-conscious Chinese consumers are increasingly picking cheaper tourist destinations at home instead of going overseas.
These robust companies may be primed to start offering a dividend, Wolfe says
Meta Platforms and Alphabet announced dividends earlier this year. Wolfe highlights a few companies that may join their ranks.
FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison
Former top FTX exec Ryan Salame who turned on Sam Bankman-Fried sentenced to 90 months in prison and ordered to pay more than $11 million.
Investors have made these 9 AI plays their core holdings, Bank of America data shows
The Wall Street firm looked at the holdings of U.S. large-cap equity mutual funds that are actively managed.
