Bank of America’s equity research desk has singled out a handful of stocks it expects to outperform as markets move into September. The picks skip any single macro narrative, spanning live entertainment, semiconductor equipment, household products, and luxury apparel. And each of the three stocks the BofA has named are built on something specific to
The Trump administration is exploring a potentially sweeping expansion of US control over Venezuela’s oil industry, with reports suggesting Washington is seeking long-term access or direct stakes in oilfields holding as much as 90 billion barrels of proven reserves. The discussions, reported by several US media outlets, come months after President Donald Trump’s administration abducted
Every week, people are handed another piece of US jobs data and told it matters for markets. News platforms, including Invezz, report initial and continuing jobless claims every week, before attention shifts through the month to ADP employment, JOLTS and the closely watched nonfarmpayrolls report. For anyone who does not spend their day watching economic
From a strategy being dubbed “balance sheet as a service” to Nvidia itself being described as the central bank of artificial intelligence, the chipmaker’s growing role in financing the AI ecosystem is attracting more attention from investors. Nvidia has transformed itself from a semiconductor company into one of the most important financial backers of the
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
The Trump administration is exploring a potentially sweeping expansion of US control over Venezuela’s oil industry, with reports suggesting Washington is seeking long-term access or direct stakes in oilfields holding as much as 90 billion barrels of proven reserves. The discussions, reported by several US media outlets, come months after President Donald Trump’s administration abducted
Federal Reserve Chair Kevin Warsh warned at Jackson Hole that inflation has not meaningfully slowed and said policymakers would have “work to do” if price pressures do not move toward the 2% target. Bitcoin fell below $80,000 as higher short-term Treasury yields weighed on risk-sensitive assets following Warsh’s remarks. Gold prices dropped nearly 3% as
Workday shares WDAY rose about 5% on Friday after the enterprise software company delivered stronger-than-expected second-quarter results, although mixed guidance and uncertainty over the pace of AI-driven growth prompted sharply different views among analysts. The company reported revenue of $2.649 billion for the quarter ended July 31, up 12.8% from $2.348 billion a year earlier.
The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped
Strategy Inc. MSTR (formerly known as Microstrategy) shares rose more than 12% on Thursday as Bitcoin broke above the $80,000 level, lifting investor sentiment toward the company, which is often viewed as a leveraged equity proxy for the cryptocurrency because of its large Bitcoin holdings. The Nasdaq Composite was up 1.5%, while the S&P 500