Bank of America sees AI transforming the internet over the next five years – top stocks going mainstream

Artificial intelligence will be a catalyst for big tech stocks in the next five years, according to Bank of America. The sector took a beating in 2022 thanks to macro factors, including inflation and rising interest rates. The heavy Nasdaq Composite is down 25% this year, compared to the S&P 500’s drop of nearly 12%. … Read more

The charts suggest that the Nifty 50 may have made a top in the near term

Despite Friday’s decline, Nifty 50 and BSE Sensex managed to end the week with 1 percent gains each. Ending on Friday, it broke the all-time record for Indian stock indices for eight days. Despite Friday’s decline, both the Sensex and the Nifty 50 ended the week with gains of 1 percent each. It was the … Read more

Markets need a strong labor market, and moderate inflation

CNBC’s Jim Cramer told investors Friday that stocks could see another strong week of trading, given the right economic conditions. “As we approach the end of the year, the holidays will become more and more of a focus. For now, the outlook is cloudy – many cross currents. But if the job market remains strong … Read more

China may have ‘passed the point of no return’ with soaring rates of Covid infection

Macquarie’s chief China economist, Larry Hu, said surging Covid infections across mainland China was making it difficult for the government to achieve zero Covid without returning to a harsh lockdown. In the past few days, the number of daily cases has risen to around 28,000 or more — close to levels seen in April during … Read more

The outbreak of the Covid virus worsens in the southern Chinese city of Guangzhou

The city of Guangzhou in the southern Guangdong Province has been hardest hit by the latest Covid outbreak. Pictured here are closed stores in a part of the city on October 31, 2022. Vcg | China Optical Group | Getty Images BEIJING – COVID-19 infections are increasing in the capital of China’s export-heavy province, Guangdong, … Read more

Pre-market stocks: what the midterm elections could mean for the US economy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – Tuesday midterm elections It comes at a time of economic weakness in … Read more

Confessions of a Personal Finance Reporter (Part Two): 3 Financial Mistakes

Sarah O’Brien works hard and writes about personal finance. Salvatore Agostino One of the best benefits of being a personal financial reporter is my keen ability to recognize many of the financial mistakes I’ve made in my life. I have already revealed Few in the first iteration of this confession two years ago. While some … Read more

What does BNY Mellon’s launch of a digital asset incubator mean for the crypto market

The cryptocurrency industry this week removed a formidable hurdle to attract large investors after BNY Mellon said it was officially holding crypto assets in its custody of institutions. If the current market and regulatory environment are not so bad, a wave of new investors may now flock to the cryptocurrency market. However, when things improve, … Read more

Stocks start in October with a big rally

New York CNN Business – Stocks in October began treating more than scams to investors. The market rebounded to start the fourth quarter, despite the growth Concerns about the financial health of the European banking giant Credit Suisse Weak economic data. The daw It rose nearly 765 points, or 2.7%. This was its biggest gain … Read more

European markets open for closing, earnings, data and news

Stocks on the go: Thyssenkrupp down 8%, Roche up 5% Shares of a German multinational company thyssenkrupp It fell 8% in early trading after JPMorgan re-covered the stock with an “underweight” rating. At the top of the Stoxx 600, the Swiss pharmaceutical company rush Jumped 5.7% after a positive reading of an Alzheimer’s drug study … Read more