The Conference Board reported that consumer confidence in June peaked just above expectations at 100.4, with a slight decrease from May’s figure of 101.3. Nuveen CIO Saira Malik discussed the current state of the economy and the potential for a recession in the US. She also explored the impact of the upcoming debate between President … Read more
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Kyndryl, an AWS Premier Tier Services Partner, has entered into a multi-year strategic collaboration agreement with AWS to enhance customer adoption of generative AI solutions. Together, they have established the Kyndryl and the AWS Innovation Factory to co-create Generative AI and machine learning solutions tailored for industry-specific applications in sectors such as consumer goods, retail, … Read more
Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce fell 20% after reporting first-quarter earnings that beat expectations but revenue fell short and the outlook for the current fiscal second quarter missed estimates. Analysts were expecting revenue of $9.35 billion and profit of $2.40, but Salesforce expects … Read more
The global Consumer IAM (Identity and Access Management) market is projected to reach $xx.x billion by 2031, with a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. This market was valued at xx.x billion dollars in 2023. The growth is attributed to factors such as increasing demand, expanding customer base, and … Read more
NVIDIA (NVDA) is a major focus for investors on Wall Street as they anticipate the company’s upcoming earnings report. The tech giant currently makes up about 5% of the S&P 500 index. Meanwhile, Target (TGT) is under pressure after releasing its first-quarter earnings, which fell short of Wall Street’s expectations with sales declining about 3% … Read more
Today on Catalysts, hosts Seana Smith and Madison Mills are discussing key market trends and the latest stories from the trading day. As Nvidia prepares to report its earnings, they are joined by Jose Rasco of HSBC Global Private Banking and Wealth Management Americas to analyze how Nvidia and the overall AI push could impact … Read more
Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024. Source link
Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more