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☆ The AI theme is 'overcooked' and investors should take shelter in quality defensive stocks, Morgan Stanley's CIO says
▼ + stars: | 2024-09-11 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

In the meantime, they should take shelter in quality defensive stocks, Morgan Stanley says. We just got overcooked on the whole AI theme," Wilson said. AdvertisementWith the AI rally fading for now, Wilson says investors are waiting for a new theme to emerge, and taking shelter in "quality defensive stocks" in the meantime. "In our view, a slowing labor market is consistent with a late cycle backdrop and quality + defensive leadership," Wilson wrote. AdvertisementLast month, Wilson's team added three new quality defensive stocks to its "Fresh Money Buy List," which now totals nine stocks.

Persons: Morgan Stanley's Mike Wilson, Wilson, —, they're, Morgan Stanley, Mike Wilson, Morgan, We're Organizations: Service, Bloomberg Surveillance, Nvidia, Semiconductor

☆ California attorney general warns tech platforms to look out for voter deception ahead of election
▼ + stars: | 2024-09-11 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.

Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California

Sen. JD Vance introduces former President Donald Trump during a rally at Herb Brooks National Hockey Center on July 27 in St. Stephen Maturen/Getty ImagesFormer President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work. Trump has falsely, and repeatedly, claimed that China – not US importers – pays the tariff. “It’s fair to call a tariff a tax because that’s exactly what it is,” said Erica York, a senior economist at the right-leaning Tax Foundation. He also said he would impose a “100% tariff” on countries that shift away from using the US dollar.

Persons: Sen, JD Vance, Donald Trump, Stephen Maturen, Trump, –, Kamala Harris, ” Trump, ” Vance, ”, Erica York, “, Joe Biden Organizations: Herb Brooks National Hockey Center, Republican, Democratic, Fox News, Trump, Tax, US, US International Trade Commission Locations: St, Cloud , Minnesota, China, Arizona

☆ Tropical Storm Francine forecast to strengthen into hurricane 'soon' as it aims for U.S. Gulf Coast
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

A strengthening Tropical Storm Francine is expected to become a hurricane long before it reaches the Louisiana coast Wednesday, federal forecasters said on Monday. Track Tropical Storm Francine’s path, forecast and hurricane statusThe hurricane center's latest forecast cone has the storm making landfall in Louisiana between the Texas border and New Orleans about 1 p.m. Wednesday. "Francine expected to become a hurricane soon," a National Hurricane Center said in the headline to its latest advisory. A hurricane watch remains in effect for almost the entire Louisiana coast from Cameron to Grand Isle. August’s tropical cyclone activity “was a little below normal” in terms of the number of named storms, the hurricane center said.

Persons: Francine, Jeff Landry, Monique B, Port Fourchon, Debby, Ernesto Organizations: National Hurricane Center, Lousiana, Mayor, NOAA, Atmospheric Administration Locations: Louisiana, Gulf of Mexico, Rio Grande, Mexico, Texas, Gulf, Galveston, New Orleans, Lafayette , Louisiana, Port Mansfield, Rio, La, Cameron, Grand Isle, Mississippi, Island , Texas, Alabama, Vermilion, Maurepas, Lake Pontchartrain, Bend, Florida, South Carolina, Bermuda, Pacific

☆ A trade that wins if Apple shares continue to break down following iPhone event
▼ + stars: | 2024-09-10 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Moreover, shortly after Apple introduced the iPhone 16 , Chinese smartphone manufacturer Huawei launched its tri-fold phone, the Mate XT. This device garnered significant attention, securing more than 2 million pre-orders within just a few hours of its release. The trade The trade structure I'm employing is known as a "bear put spread." THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tim Cook, AAPL, Nishant Pant Organizations: Apple, Huawei, AAPL, CNBC, NBC UNIVERSAL Locations: AAPL

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ Why a Wall Street downgrade of Costco is not a reason to sell the stock
▼ + stars: | 2024-09-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Investing Club portfolio has lots of exposure to the AI buildout through its investments in Eaton , Dover , Broadcom and Nvidia , among others. Club stock Wells Fargo was being painted with a broad brush, falling 2%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Wells Fargo, Wells, Jim, that's, Analysts, Goldman Sachs, Jim Cramer's, DOV, AVGO Organizations: CNBC, Oracle, Broadcom, Nvidia, Apple, Bank, JPMorgan, Club, Wells, Costco, Redburn, Johnson Locations: Eaton, Dover, Wells Fargo, NVDA

☆ U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast
▼ + stars: | 2024-09-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures on Tuesday fell more than 1%, shedding gains from the previous session as OPEC lowered its demand forecast for the second time in two months. OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast. The group of oil producers sees demand growth of 1.7 million bpd next year, some 40,000 bpd lower than originally anticipated. OPEC had cut its demand outlook in August due to softening consumption in China, the world's largest crude importer. Here are Tuesday's energy prices:Worries about softening demand in China as electric vehicle sales surge has loomed over the oil market for months now.

Persons: Morgan Stanley Organizations: OPEC, Brent, Futures Locations: OPEC, China, Gulf

☆ Federal Reserve unveils toned-down banking regulations in victory for Wall Street
▼ + stars: | 2024-09-10 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would've boosted capital requirements for the world's largest banks by roughly 19%. The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution. "There are benefits and costs to increasing capital requirements. That would likely boost capital requirements by 3% to 4% over time, Barr said.

Persons: Michael S, Barr, Michael Barr, could've, Jamie Dimon Organizations: Banking, Housing, Urban Affairs, Federal, Fed, Federal Deposit Insurance Corp, Brookings Institution, JPMorgan Chase Locations: Washington, Basel

☆ Here's why the next move in Apple stock should not be judged solely on Monday's iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The reviews on Wall Street are mixed concerning Monday's iPhone launch event. Apple Intelligence represents a paradigm shift for the company and the iPhone 16 is the ticket into this new generation. That's what will in turn drive demand, both in terms of Apple rolling out Apple Intelligence and developers taking advantage of the new hardware capabilities. The iPhone 16 and the Pro models will be equipped with versions of the new A18 chips. However,even those phones weren't built from the ground up in the way the iPhone 16 is to harness the full power of Apple's AI features.

Persons: Jim Cramer, Bernstein, Jim, Apple, Siri, Ray, Jim Cramer's, Andrej Sokolow Organizations: Apple, Citi, JPMorgan, Apple Intelligence, Nvidia, Microsoft, CNBC, Getty Locations: USA, Cupertino

☆ China begins anti-dumping probe into Canadian rapeseed
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: +1 min

Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa's 100% tariffs on Chinese-made electric vehicles and other products come into force. There has been growing trade tension between Beijing and the West in recent weeks after Canada, the United States and the European Union opted to impose tariffs on imports of electric vehicles from China. While noting that Canada adheres to "rules-based trade," Canadian Minister of Agriculture Lawrence MacAulay said the country's products meet the highest standards and its inspection systems are robust. Chinese President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday in a bid to avoid a broad trade war.

Persons: Agriculture Lawrence MacAulay, Xi Jinping, Pedro Sanchez Organizations: European Union, Agriculture, Spanish Locations: Canada, Chicago , Illinois, China, rapeseed, Beijing, United States

☆ Why oil prices have cratered to their lowest level in nearly 3 years
▼ + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. OPEC cut its oil demand outlook and delayed production boosts, while US production hits record highs. In its monthly oil market report, OPEC cut its outlook for oil demand because of the deceleration in China's economy. That's nearly double its oil production levels in 2014. Senior market analyst David Morrison at Trade Nation said in an email that investors shouldn't expect a rebound in oil prices anytime soon.

Persons: Brent, —, oil's, That's, David Morrison, Morrison Organizations: ., Service, brent, OPEC, Trade Nation Locations: Brent, YCharts

German automotive giant Volkswagen on Tuesday said it was scrapping six labor agreements as the company's standoff with unions and its works council intensified. "The company sees itself forced to do so because of the current economic challenges," Volkswagen said in a statement translated by CNBC. That applies to the company as well as the wage agreement levels," Volkswagen human resources chief Gunnar Kilian said in the statement. In a statement released Tuesday, VW Works Council head Daniela Cavallo reiterated that there would be pushback to Volkswagen's plans. We will not accept this silently and without action," he said in a statement translated by CNBC.

Persons: Gunnar Kilian, Daniela Cavallo, Thorsten Gröger Organizations: Volkswagen, VW, CNBC, VW Works, IG Metall Locations: Zwickau, Germany

☆ In Huawei’s battle against Apple, chips are still a weakness, says analyst
▼ + stars: | 2024-09-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of a user browsing booking information for Huawei's new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. As Huawei tries to upstage Apple 's new iPhone with the launch of its own 'trifold phone' on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC's "Squawk Box Asia" on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei's chip remains two or three years behind the cutting edge. On the back of this success, Huawei has been able to take back market share from Apple in China, the largest smartphone market in the world. However, unlike with the Mate 50, Huawei has not announced a big chip breakthrough for its latest phone launch.

Persons: Martin Yang, Yang Organizations: Huawei, Oppenheimer, Co, Apple Locations: Suqian, Jiangsu province, China

☆ Trump's tariffs would eat up time and money at even the smallest business, Mark Cuban says
▼ + stars: | 2024-09-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance. Related storiesHe was critical of Trump's tariffs on China during his time in the White House and has slammed the Republican candidate's threat of more of the same. "Tariffs are the worst possible incentive for all but a few products," he said, adding that they "almost always" cost consumers more money. Tariff pain and small business woePaul Krugman has been vocally against plans for fresh tariffs if Trump wins in November.

Persons: —, Cuban, Elon Musk's, Grok, Trump, He's, Kamala Harris, Paul Krugman, what's, Kevin O'Leary Organizations: Service, Business, Cuban, Trump, Republican, Dallas Mavericks, Yahoo, White, Democratic, Getty Locations: Cuban, China, Wisconsin

☆ Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam ahead
▼ + stars: | 2024-09-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China

☆ Hundreds of workers strike at major Samsung factory in India
▼ + stars: | 2024-09-10 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest. Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat. People shop inside a store selling Samsung mobile phones and electronics at Mumbai, India on March 6, 2023. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”Around 800 workers signed a register outside the factory to record their protest. One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”

Persons: E, Muthukumar, Francis Mascarenhas, Veera Raghava Rao, “, ”, Prabhu Ram Organizations: Samsung Electronics, Samsung, India’s, LG Electronics, Reuters, Centre of Indian Trade Unions, Samsung’s Southwest, JB, India, Samsung India, Cybermedia Research Locations: India, South Korea, Sriperumbudur, Chennai, Seoul, Samsung’s, Samsung’s Southwest Asia, Gurugram, New Delhi, Mumbai

☆ Inside Wall Streets biggest tech projects, from Blackstone's DocAI to Goldman Sachs' Legend
▼ + stars: | 2024-09-10 | by ( Bianca Chan | ) www.businessinsider.com time to read: +1 min

Built by the hedge fund's Applied AI team, Deep Research helps analysts and portfolio managers answer complex research questions. Mostly used by investment teams, Deep Research helps analysts and PMs research stocks before making a trade and gauge the impact of global market events on a portfolio or set of stocks. Those teams send their questions to the Applied AI team, which passes them on to the bot. The goal is to release the tool firmwide by the fourth quarter, with every team accessing the tool directly. In one recent example, a PM asked Deep Research to find companies whose supply chains were affected by tariffs.

Persons: Chen Fang, Fang Organizations: Balyasny, Management, Research

☆ Chinese-Owned Bitcoin Mines Are Using up America's Energy, Electricity
▼ + stars: | 2024-09-10 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +13 min

Concerns about the use of cryptocurrencies for illegal activity resulted in an effective ban on crypto mining and transactions. After a massive public outcry at the end of 2021, mining companies in Kazakhstan were effectively cut off from the grid. Today, the US makes up about 40% of the global hashrate — up from 17% during China's 2021 peak — making America the biggest hub for bitcoin mining. However, in recent years, bitcoin mining has become increasingly concentrated in the hands of a small number of private companies. Given how much energy bitcoin mining consumes, it's worth questioning whether its presence in the US is really worth the trade-off.

Persons: Xi Jinping, Zoe Liu, hasn't, pushback, haven't, Jeremy Fisher, Fisher, Gladys Anderson, Kelley Sayre, Stephanie Marsh, Marsh, Gavin Newsom, would've, Donald Trump, Trump, Satoshi Nakamoto, Saifedean Ammous, Cheyanne Diehl, wasn't, Biden, Joe Biden, Liu Pengyu, America Organizations: Council, Foreign Relations, Mining, Cambridge, Goodyear, Sierra, Environmental, New York Times, Tech, Gov, Securities and Exchange Commission, July's Bitcoin, SEC, National Bureau of Economic Research, Inc, Nasdaq, Embassy, EV, Sierra Club, City Council, Digital Locations: China, Kazakhstan, America, Utah, West Virginia, Akron , Ohio, Rockdale , Texas, Murphy , North Carolina, Massillon , Ohio, Bono , Arkansas, Vilonia , Arkansas, Akron, California, Nashville, Massillon, Ohio, Chinese, Massillon's City, In Arkansas, Wyoming, Washington, Harrison , Arkansas

Although there are no restrictions on how often you can file for bankruptcy, there are restrictions on how often you can receive a discharge. While Chapter 7 and Chapter 13 bankruptcies will have the same effect on your credit score, creditors may view a Chapter 13 bankruptcy more favorably. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions about how often you can file for bankruptcyCan I file a Chapter 13 bankruptcy after a Chapter 7 bankruptcy? Yes, you can file Chapter 13 after Chapter 7 bankruptcy, but you must wait at least four years after the discharge of your Chapter 7 to file Chapter 13.

Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, Lamine Zarrad, —, Jennifer, Read Organizations: refiling, Wright Co, Rosenblum Law, Federal Trade Commission, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: Kademenos, Chevron, America, TheGrio, New York City

As the Fed lowers its benchmark rate, mortgage rates should continue to go down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. FHA Interest RatesFHA interest rates were 5.03% last month, and they've been a bit lower in recent weeks. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Federal Reserve, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ How Trump vs. Harris is playing out on Wall Street ahead of the debate
▼ + stars: | 2024-09-10 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. For Wall Street bankers, traders, and executives, the election also stands to affect their jobs and business prospects, from US trade relations to demand for megamergers. To see where Wall Street's top leaders stand ahead of Tuesday's debate, Business Insider scoured the Federal Election Commission website for individual donations from Wall Street leaders between 2023 and August. The data showed donations from leaders across investment banking, private equity, and hedge funds, including Blackstone and Evercore. See below to find which Wall Street tycoons are voting for which candidate in 2024 presidential election, in alphabetical order:

Persons: —, Donald Trump, Kamala Harris —, Richard Haass, Goldman Sachs, Trump, China —, Morgan Stanley, Harris, Joe Biden's, Biden Organizations: Service, Foreign Relations, Business, Centerview Partners, Wall Street, megamergers, Blackstone, JPMorgan, Citi, Bank of America Locations: China

☆ Hayman Capital's Bass: I do not support unrestricted free trade
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHayman Capital's Bass: I do not support unrestricted free tradeFormer SEC Chair Jay Clayton and Kyle Bass, Hayman Capital Management founder and CIO, join 'Squawk Box' to discuss whether the presidential candidates support free trade, how much revenue can be made from tariffs, and much more.

Persons: Hayman Capital's Bass, Jay Clayton, Kyle Bass Organizations: SEC, Hayman Capital Management

☆ Why the global fight against inflation is nowhere near over
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Everyone seems to believe that inflation will return to its boring old normal," said Chief European economist Tomasz Wieladek. Changes in central bank policy, expectations, labor markets, and globalization mean that inflation will likely stay volatile going forward." Depending on circumstances, this could set the scene for another large inflation target miss." For instance, JPMorgan chief Jamie Dimon has repeated warnings of a pricey future, as global militarization and the green transition stoke inflation. "While AI will likely have a disinflationary effect in the medium term, the associated energy consumption could contribute to higher short-term inflation."

Persons: —, Rowe Price, Tomasz Wieladek, Wieladek, Jamie Dimon, Donald Trump Organizations: Service, Financial Times, Business, JPMorgan Locations: Europe

☆ Oracle is emerging as a fourth cloud player, says T. Rowe Price's Tony Wang
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOracle is emerging as a fourth cloud player, says T. Rowe Price's Tony WangTony Wang, T. Rowe Price portfolio manager, joins 'Closing Bell Overtime' to talk the hardware trade versus the software trade.

Persons: Rowe, Tony Wang Tony Wang, Rowe Price Organizations: Oracle

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