Ibrahim Predicts Losses on S&P 500 with Potential for 26% Drop
Despite optimism on Wall Street looming recession threatens to impact stock market with potential declines of up to 26% in the S&P 500.
Dimon Sells Significant Amount of JPMorgan Shares
CEO, Jamie Dimon, has liquidated a significant portion of his holdings in the bank, marking his first sale of JPMorgan shares.
$3 Billion Fidelity Manager Dumps Treasuries
(Bloomberg) A Fidelity International money manager has sold the vast majority of US Treasuries from funds he oversees on expectations the world’s biggest economy still has room to expand.
Singapore-based George Efstathopoulos, who helps manage about $3 billion of income and growth strategies at Fidelity, sold the bulk of his 10-year and 30-year Treasuries holdings in December. He is now turning to assets that typically do well in times of good economic growth to boost returns.
Nvidia Brings New Life to 'FOMO' AI Trade, Stock Market Rally
The AI trade is back in full force after Nvidia's (NVDA) big earnings beat, defying fears that euphoria over the technology may have reached its peak.
Cathie Wood Can Only Watch as Nvidia Rides AI Wave She Foresaw
Cathie Wood made a wild prediction almost two years ago: Annual economic growth could accelerate to as much as 50%, thanks to breakthroughs in AI.