Abercrombie & Fitch Lifts Its Outlook—And Its Stock Drops
Apparel retailer Abercrombie & Fitch lifted its end-of-year outlook today, but its shares were down nearly 20% in recent trading.
As NVDA stock drops on Biden’s proposed AI rules, Nvidia flatters Trump in statement blasting ‘government overreach’
As the Biden administration heads into its final week, AI industry players are cozying up to the incoming president, likely in hopes that he’ll nix the restrictions.
Why 2025 Will Be a Year of M&A in DeFi
Recent M&A activity suggests we’re entering an era where finance is finally a unified ecosystem combining traditional and decentralized finance, says Mona El Isa, co-founder of Enzyme Finance.
Crypto’s Compliance Conundrum
The U.S. is set for a regulatory shakeup. But balancing decentralization and compliance remains a fundamental challenge, say Ben Charoenwong and Jonathan Reiter.
Nvidia and other AI stocks are bleeding after Biden issued new AI rules
The stock market is in the red, with the tech-heavy Nasdaq plunging more than 1% on Monday morning as new regulatory measures introduced by President Biden have severely impacted artificial intelligence (AI) stocks. These changes have raised concerns among investors, leading to a sharp sell-off in AI-related companies.
Apple's iPhone Market Share Declines in China, Huawei and Xiaomi Gain Momentum in 2024: Counterpoint
Smartphone giant Apple Inc’s (NASDAQ:AAPL) iPhones, minus their highly anticipated Apple Intelligence features, failed to gain traction in China, paving the way for the country’s domestic players in 2024. Counterpoint’s Tarun Pathak mentioned 2024 as a year of recovery and normalization after a difficult 2023. Global smartphone sales grew 4% in 2024 after two consecutive years of annual declines, Counterpoint cites preliminary data. Smartphone sales marked a decade low in 2023. Also Read: Nvidia
Gold Slips Amid Higher Bond Yields, Uncertainty on Fed Rate Path
(Bloomberg) -- Gold edged lower amid an increase in global bond yields and continued strength in the dollar, as traders weighed prospects for US interest rate cuts. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionTen-year Treasury yields — the rate that underpins the global cost of capital — touched a 14-month high Monday. A gauge of t
Global air financiers see jet shortages dragging on as values soar
DUBLIN (Reuters) -The world's largest aircraft lessors forecast on Monday that manufacturing delays would drag on until the end of the decade at least, keeping prices high and limiting the entry of new players into an industry that controls half of the world's jets. The world's top lessors, all among the largest buyers of Boeing and Airbus aircraft, traded stories of crippling delays and sky-high lease rates paid by airline clients at the annual Airline Economics meeting in Ireland, where most of the industry is based. For now, that means good profits for lessors and many airlines, since shortages push up demand and fares.
New York Fed survey finds mixed inflation expectations in December
NEW YORK (Reuters) -U.S. consumers' outlook on the expected path of inflation was mixed in December amid rising worries about households' ability to make debt payments, a survey by the New York Federal Reserve showed on Monday. The regional Fed bank said in its latest Survey of Consumer Expectations that respondents see inflation a year from now steady at 3%, while the forecast for price pressures in three years ticked up to 3% from 2.6% in November and ebbed to 2.7% on a five-year timeframe from the prior month's 2.9% reading. It also found that uncertainty over the inflation outlook increased at the one- and three-year-ahead horizons but fell at the five-year perspective.
US Consumers See Stickier Inflation Ahead, NY Fed Survey Shows
(Bloomberg) -- US consumers said they see higher inflation over the next few years than previously thought, a monthly Federal Reserve Bank of New York survey showed, in the latest sign of mounting concerns about prices following November’s elections.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionExpected inflation three years ahead ro