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BofA upgrades global growth forecast as AI boom accelerates: Chart of the Day
AI is supplanting the consumer as the driver of US economic growth....
Russia's Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages
Russian President Vladimir Putin acknowledged what outside experts, many regional officials, and eve...
Wall Street is bracing for a wave of Fed rate hikes that may never come. These sectors stand to gain.
Inflation isn’t as high as you think — and Fed Chair Kevin Warsh looks less hawkish than advertised....
JPMorgan looks to reduce exposure to $4B in private equity-linked loans: FT
New Zealand Dollar drifts lower as traders await progress on US-Iran peace deal
The NZD/USD pair loses ground to near 0.5870 during the early European trading hours on Friday.
Indian Rupee: Rupee vulnerability and rate path – MUFG
MUFG’s Michael Wan expects the Indian Rupee (INR) to remain weak, projecting USD/INR could move towards 98.00 and even 100.00 if the Iran conflict persists.
Forex Today: US Dollar holds ground despite US-Iran peace deal optimism
Here is what you need to know on Friday, May 22:
NVIDIA earnings: A quick glance at key metrics
We’ve all become highly familiar with NVIDIA’s (NVDA - Free Report) story over recent years, overall reflecting the poster-child for the AI trade thanks to its chips that are powering a huge part of t ...
Zai Lab announces departure of President and COO Josh Smiley
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
Equities: Cyclicals lead as stagflation fears grow – Danske Bank
Danske Research Team notes that global equities advanced, with several markets near new all-time highs, in a volatile session dominated by macro data and Iran-related headlines.
Euro remains depressed near 0.8650 against the British Pound despite upbeat German data
The Euro (EUR) languishes at 11-day lows against the British Pound (GBP) on Friday, on track for a 0.85% weekly loss. The positive German Gross Domestic Product (GDP) data has failed to support the co ...
Turkish Lira drops to record lows after Ankara court annuls 2023 leadership contest
USD/TRY rises after a slight decline in the previous day, reaching a record high of 45.7778 during the Asian hours on Friday. The pair appreciates as the Turkish Lira (TRY) drops due to political unce ...
OpenAI hits $5.7B in Q1 revenue, leading Anthropic by $1B: report
Frontline Non-GAAP EPS of $1.55 misses by $0.03, revenue of $714.24M beats by $108.13M