China’s economy faces bleak outlook as manufacturing slumps

(Bloomberg) — China’s economic recovery weakened in May, sparking renewed fears about growth prospects and prompting calls for more central bank action to counter the slowdown. Bloomberg’s Most Read Manufacturing activity contracted at a worse pace than in April, while expansion in services slowed, official data showed on Wednesday, suggesting the post-Covid rebound had lost … Read more

Stocks fall on concerns over Chinese economy; Bonds Win: Market Recap

(Bloomberg) – China’s economic woes rippled beyond the country’s domestic markets on Wednesday, with European and Asian stocks falling along with U.S. stock futures, while bonds gained. Bloomberg’s Most Read Warmongering comments from Federal Reserve officials added to headwinds for stocks after a rally on Wall Street fueled by enthusiasm for artificial intelligence crumbled on … Read more

How to bet on Nvidia without buying the stock

Text size Nvidia makes semiconductor chips used to power AI. I-Hwa Cheng/Bloomberg Artificial intelligence can destroy humanity, but not before creating enormous wealth. This is the paradox facing investors now after Nvidia It is The recent earnings report has inadvertently created a large-scale ethical experiment on Wall Street. On Tuesday, days after Nvidia (ticker: NVDA) … Read more

Summers sees higher Fed interest rates and higher US taxes

(Bloomberg) – Former Treasury Secretary Lawrence Summers sees U.S. interest rates rising in the short term and U.S. taxes rising significantly in the long term as the world’s largest economy grapples with a crisis. persistent inflation and soaring public debt. Bloomberg’s Most Read Speaking over dinner at the Peterson Institute for International Economics on Tuesday, … Read more

Oppenheimer sees over 50% gains in these 2 stocks – here’s why they could soar

The shortened week started with a major crisis averted for the time being. Over the long weekend, a deal was reached between President Biden and House Majority Leader McCarthy that should help resolve the debt ceiling. Oppenheimer’s chief investment strategist, John Stoltzfus, expects a positive reaction to the progress being made to close the deal. … Read more