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Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.
Persons: , , Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, , India
For a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Advertisement"He's showing due deference to the power of Taylor Swift," Nierman said. The Kim Kardashian method: Let anonymous sources do the talkingTaylor Swift and Kim Kardashian at the 2015 VMAs. "I don't think Taylor Swift really needs to negotiate with anyone. Advertisement"Everything is done for a reason and any person would be a fool to bet against or to cross Taylor Swift," Nierman said.
Persons: Taylor, Joe Alwyn, Matty Healy, Kim Kardashian, , Taylor Swift, Swift, Healy, TMZ, reveling, artfully, Robert Kamau, who's, Evan Nierman, Banyan, John, recoils, Erik Bernstein, Bernstein, hasn't, Nierman, Healy's, what's, Jackson Lee, Alwyn hasn't, Alwyn, Kevin Mazur, Aimee, aIMee, KIM, Kardashian, it's, John Mayer Organizations: BI, Service, Poets Department, Getty, Department, Swift, Rights Locations: New York City, London, Cincinnati , Ohio
Kristi Noem remained on defense after blowback from an anecdote about killing a 14-month-old dog and goat on her farm. “This is Joe Biden’s Democrat Party today,” the New York Republican said, alluding to scenes of chaos on campuses nationwide. “And the reality is this is why Republicans continue to poll stronger and stronger, because we represent peace and security. Video Ad Feedback Tapper presses potential Trump VP pick on 2020 election 04:10 - Source: CNNGoodbye, Sunshine State? Rubio also tried Sunday to tamp down on speculation that he would be Trump’s vice president.
Persons: Donald Trump’s, Joe Biden, Kristi Noem, Noem, Elise Stefanik, Doug Burgum, South Carolina Sen, Tim Scott, Florida Sen, Marco Rubio, Joe Biden’s, ” Rubio, , Biden, ” Scott, Trump, Scott, Donald Trump, ” Trump, NBC’s Kristen Welker, Kristen, ” Burgum, Tapper, Sunshine State ? Rubio, Rubio, , doesn’t, He’s, ” Noem, “ Joe Biden’s, Kim Jong, I’d, Kim, “ I’ve, I’ve, CNN’s Casey Gannon, Veronica Stracqualursi Organizations: CNN, South Carolina Gov, Trump, Republican National Committee, Mar, North Dakota Gov, Fox News, Biden, Democratic Party, Joe Biden’s Democrat Party, New York Republican, Republicans, “ Fox, Press, White, Milwaukee Journal Sentinel, Sunshine State, RNC, Republican Party, CBS, Cricket, North, Locations: Florida, North, South Carolina, Israel, , United States, Dakota, South Dakota, Noem, North Korean
This is the moment Trump changed American politics
  + stars: | 2024-05-04 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +7 min
CNN —Being elected president shortly after surviving the publication of the leaked “Access Hollywood” tape in 2016 is the moment in which Donald Trump defied political gravity. The ‘Access Hollywood’ tape reexaminedTrump’s 2016 victory in the Electoral College seems only more improbable in the retelling. It is worth revisiting the earthquake the “Access Hollywood” tape set off in the 2016 campaign. Return of the tapeNow, the “Access Hollywood” tape is back. Video Ad Feedback Trump asked if he stands by comments from 'Access Hollywood' tape.
Persons: CNN —, Donald Trump, Trump, Hope Hicks, Hicks, , , crassly, Billy Bush, Bush, Sen, Mike Lee of, Chris Christie, Paul Ryan, Reince Priebus, Christie, Steve Bannon, Melania, ” Trump, , Bill Clinton, WAZiGoQqMQ — Donald J, Hillary Clinton, James Comey’s, Clinton, Comey, Anthony Weiner, Michael Cohen, Stormy Daniels, Cohen, Daniels, Maggie Haberman, Jonathan Martin, CNN’s Kaitlan Collins, ’ ”, Collins, Feedback Trump, Bannon, Charlie Rose, Rose, Jean Carroll Organizations: CNN, Republican, Electoral, Washington Post, Republicans, Trump, New, New Jersey Gov, Republican National, Twitter, Democratic, The New York Times, CBS Locations: New York, Mike Lee of Utah, New Jersey
American households who have been hoping interest rates would soon decline may have to wait a bit longer. The Federal Reserve is expected to keep its benchmark interest rate unchanged on Wednesday. But yet another report of persistent inflation may ultimately cause the policy-making body to keep rates elevated for longer than it had previously expected. For people with money stashed away in higher-yielding savings accounts, a continuation of elevated rates translates into more interest earnings. But for people saddled with high cost credit card debt, or aspiring homeowners who have been sidelined by higher interest rates, a lower-rate environment can’t come soon enough.
Persons: they’ve Organizations: Federal
Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon
Washington CNN —Home sales based on contract signings jumped in March despite elevated mortgage rates that month. Contract signings rose across the country in March from the prior month, except in the Midwest. Hotter-than-expected inflation readings in recent months are now keeping the Federal Reserve from cutting interest rates anytime soon. Those are the so-called “golden handcuffs” of low mortgage rates. They began to climb in early 2022 when the Federal Reserve started to hike interest rates in a bid to tamp down high inflation.
Persons: , Lawrence Yun, ” Oliver Allen, it’s, Yun Organizations: Washington CNN —, National Association of Realtors, Federal Reserve, Treasury, Pantheon
“To me, success is impeachment from the House,” GOP Rep. Brian Mast said. Comer’s co-leads, House Judiciary Chairman Jim Jordan and House Ways and Means Chairman Jason Smith, are also fully behind the work. I don’t think that’s an impeachable offense,” GOP Rep. Jodey Arrington said. Even GOP Rep. Darrell Issa remarked after the first hour of questioning that Hunter Biden was prepared for the interview. There’s an election in seven months from now,” GOP Rep. Nick LaLota, who represents a New York district Biden won in 2020, told CNN.
Persons: James Comer, Joe Biden, , Comer, Biden, “ Comer, Jesus, Alejandro Mayorkas, Comer –, , Anna Paulina Luna –, Hunter Biden, it’s, ” Luna, , missteps, Brian Mast, Mike Johnson, Comer’s, Jim Jordan, Jason Smith, ” Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, ” Bruce Dubinsky, McCarthy, Samuel Corum, Johnson, Jodey Arrington, Darrell Issa, , Doug LaMalfa, Mayorkas, Tony Gonzales, Austin Scott, ” Comer, Donald Trump, Jordan, doesn’t, There’s, Nick LaLota, Jamie Raskin, Raskin Organizations: Washington CNN —, Republican, CNN, Kentucky Republican, Homeland, Biden, GOP, Republicans, Getty, White, Democratic, , Department of Justice Locations: Kentucky, , Washington , DC, , Texas, New York
Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.
Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, , U2Ii5GTuLm — David lederer, @Davidlederer6, , Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, , “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, , Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, , Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam
Investors had hoped that corporate earnings would help revive the stalled rally, but a strong start to the season hasn’t been enough to excite investors. The 30-year fixed-rate mortgage averaged 7.10% in the week ending April 18, up from 6.88% the previous week, according to Freddie Mac data released Thursday. Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon. The Fed doesn’t directly set mortgage rates, but its actions do influence them, and persistently hot inflation readings are keeping the Fed on hold. If inflation stalls any further, or even worsens, mortgage rates could climb higher this year.
Persons: , hasn’t, Jerome Powell, , , Michael Landsberg, Pierre, Olivier Gourinchas, Israel, Brent, Bryan Mena, Freddie Mac, Sam Khater, Freddie Mac’s, Read, Anna Cooban, Tim Cook, Pham Minh Chinh, Cook, Apple “ Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Federal Reserve, Data, Employers, Fed, Landsberg Bennett, Wealth Management, Monetary Fund, Treasury, Investors, CNN, Federal, China Apple, Vietnamese, Apple Locations: New York, East, Iran, Israel, Syria, Vietnam, China, Hanoi, Beijing
Arab countries, from the United Arab Emirates and Oman to Jordan and Egypt, have tried for months to tamp down the conflict between Israel and Hamas, especially after it widened to include armed groups backed by Iran and embedded deep within the Arab world. Some of them, like the Houthis, threaten Arab governments as well. But the Iranian drone and missile attack on Israel over the weekend, which put the entire region on alert, made the new reality unavoidable: Unlike past Israeli-Palestinian conflicts, and even those involving Israel and Lebanon or Syria, this one keeps expanding. “Part of why these wars were contained was that they were not a direct confrontation between Israel and Iran,” said Randa Slim, a senior fellow at the Washington-based Middle East Institute. “But now we are entering this era where a direct confrontation between Israel and Iran — that could drag the region into the conflict and that could drag the U.S. in — now that prospect of a regional war is going to be on the table all the time.”For the moment, the only countervailing force is the desire of both the United States and its longtime foe Iran to avoid a widening of the conflict, said Joost Hiltermann, the International Crisis Group's program director for the Middle East and North Africa.
Persons: , Randa Slim, Joost Hiltermann Organizations: United Arab, East Institute Locations: United Arab Emirates, Oman, Jordan, Egypt, Israel, Iran, Lebanon, Syria, Washington, , United States, East, North Africa
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.
Persons: , Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific
Airstrikes killed a number of soldiers near the northern Syrian city of Aleppo early Friday, Syria’s state news media and an independent organization reported, in what appeared to be one of the heaviest Israeli attacks in the country in years. The Syrian Observatory for Human Rights, a Britain-based group that tracks Syria’s civil war, said that the dead included 36 Syrian soldiers, seven Hezbollah fighters and a Syrian from the pro-Iranian militias. The group said the attack appeared to have hit multiple targets, including a weapons depot belonging to Hezbollah, a Lebanese militia that Iran supports and has a presence in Syria. The airstrikes stoked fears that have unsettled Western officials for months: that Israel’s war against Hamas in Gaza could escalate into a broader conflict against Syria, Iran and its proxies across the region, which could entangle allies of those involved, like Russia and the United States. But fears of a wider conflict have persisted as Israel and Hezbollah have clashed for months along the border, and as Israel has carried out assaults on Iran-linked targets in Syria.
Organizations: Syrian Observatory, Human Rights, Lebanese, . Army Locations: Syrian, Aleppo, Britain, Iran, Syria, Gaza, Russia, United States, Israel
Customers can get their coffee from a robot barista in certain Muji stores. The robot, Jarvis, can perform tasks ranging from frothing milk to creating Latte art. AdvertisementA robot coffee barista named Jarvis has joined four Muji stores in the US and Canada. The bot's mechanical arm can swing around and bend to pick up the frothed milk, tamp coffee grounds, and even make Latte art. This story is available exclusively to Business Insider subscribers.
Persons: Jarvis, , they're Organizations: Service, New York Post, Business Locations: Canada, Americano
Mario Tama | Getty ImagesAmgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing to develop the next blockbuster weight loss drug. It's too early to say how competitive Amgen will be in the budding weight loss drug space, which Novo Nordisk and Eli Lilly have so far dominated. Goldman Sachs also projects that between 10 million and 70 million Americans will be taking weight loss drugs by 2028. The sustained weight loss in Amgen's study appears to contrast with results seen in clinical trials on Zepbound and Wegovy. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.
Persons: Mario Tama, Eli Lilly, Goldman Sachs, Zepbound, Eli Lilly's, Amgen's MartiTide, Caroline Apovian, Apovian, Joe Buglewicz, MariTide, Holly Lofton, Eli Lilly’s, Brendan McDermid, Reuters Amgen's, William Blair, Matt Phipps, Phipps Organizations: Getty, Novo Nordisk, Pfizer, Viking Therapeutics, Therapeutics, Zealand Pharma, Boehringer, Center, Weight Management, Wellness, Brigham, Women's, Washington Post, NYU Langone Health, Reuters, William Blair & Company, CNBC Locations: Thousand Oaks , California, Oaks , California, Novo, New York City, U.S
Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.
Persons: , Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial
In an interview with CNN, McConnell said Schumer’s speech was a direct contradiction of US policy and called on the White House not to go down that road. McConnell rejected calls for conditions on military aid to Israel – something some Democrats have called for in an effort to tamp down civilian deaths. In his speech, Schumer explained his deep misgivings about the toll on innocent people in Gaza. “I am anguished that the Israeli war campaign has killed so many innocent Palestinians,” he said. McConnell blamed the Biden administration for micromanaging the war in Gaza and said Schumer’s calling for “regime change” in the wrong country.
Persons: Mitch McConnell ramped, Chuck Schumer, Israel –, McConnell, can’t, ” McConnell, “ It’s, Schumer, Benjamin Netanyahu, Netanyahu, ” Schumer, , that’s, , , “ I’m, Biden, “ They’ve, Yair Lapid, ” CNN’s Morgan Rimmer Organizations: CNN, Capitol, Democratic, Israel Locations: Israel, Gaza, , Iran
Another threat to election officialsAt least four swatting incidents have been aimed at the homes of senior officials who oversee or work to secure elections since December. Separately, a Department of Justice taskforce launched in 2021 has reviewed more than 2,000 allegations of hostility, harassment, abuse, or threats to election officials and staffers, a department spokesperson said. Swatting was featured in a tabletop exercise for election officials in New Jersey last month, a spokesperson for the secretary of state told CNN. Such incidents have prompted The Elections Group, a consulting group led by former election officials, to begin sharing resources on swatting with election workers and incorporating the topic into trainings. A wave of election officials have departed their roles since November 2020, when false claims of a stolen election proliferated.
Persons: Jay Ashcroft, ” Ashcroft, State Jay Ashcroft, Kacen Bayless, , Ashcroft, Gabriel Sterling, , we’ll, Sterling, Justin Bieber, Ashton Kutcher, swatting, ” Jennifer Doebler, Alan Winston Filion, Filion “, Filion, Jennifer Doebler, Lauren R, Shapiro, Republican Sen, Rick Scott of, Scott’s, Sen, Rick Scott swatting, “ Sir, there’s, “ It’s, Swatting, State Shenna Bellows, Bellows, Donald Trump, Trump, Ashcroft’s, Joe Biden, Tina Barton, ” Barton Organizations: CNN, Missouri’s, Republican, State, Kansas City Star, TNS, Getty, FBI, of Justice, Local, Sandy, John Jay College of Criminal, swatting, , Naples Police, , Trump, Elections, Commission Locations: Jefferson City , Missouri, Missouri, Maine , Georgia, Virginia, Sterling, Britain, Sandy Springs, Kansas, Tennessee, California, Rick Scott of Florida, Naples , Florida, Naples, New Jersey, Georgia, Maine
Inflation is down from its hottest point in 2022, but is still warm, considering the Federal Reserve's 2% inflation target. Real wages are on the rise, said Hamrick, which means people are seeing wages adjusted for inflation. When interest rates may subsideOne factor that affects how well Americans are doing — for better or for worse — is interest rates. The Federal Reserve is expected to cut interest rates this year, after having executed a series of rate increases to tamp down inflation. "We don't perceive there to be like an imminent pressure on the Fed to cut rates," such as a recession or sudden rise in unemployment, Doyle said.
Persons: Elijah Nouvelage, Mark Hamrick, David Doyle, Doyle, Hamrick Organizations: Kroger, AFP, Getty, Bureau of Labor Statistics, Federal Reserve, Federal Locations: Atlanta, Macquarie
PinnedThe Consumer Price Index inflation report set for release on Tuesday morning could be a big news event for the Federal Reserve and many in markets. Overall inflation is expected to hold steady at 3.1 percent on an annual basis. In particular, economists are likely to keep an eye on housing costs and other services’ prices in the measure. Fed officials have been debating how long they need to leave rates at their current level, about 5.3 percent. And Fed officials want to avoid lowering interest rates too early, only to find out that inflation is not fully quashed.
Persons: ” Jerome H, Powell, we’re, , Omair Sharif Organizations: Federal Reserve, Fed
LONDON (AP) — The first official photo of Kate, the Princess of Wales, since she underwent abdominal surgery nearly two months ago, was pulled from circulation by The Associated Press and several other news organizations because the image appeared to have been manipulated. Kensington Palace had issued the image Sunday as speculation swirled on social media about the whereabouts of the oft-photographed princess who hadn’t been seen in public since December. But efforts to tamp down rumors and supposition may have backfired after royal observers noticed inconsistencies in the photo's details. The story quickly became a top news story in Britain and the photo had almost 50 million views on the X social media platform by the end of the day. “At closer inspection it appears that the source has manipulated the image,” the AP said in its advisory.
Persons: Kate, Princess, Wales, hadn’t, Prince, Prince William, , Princess Charlotte’s, Organizations: Associated Press, Getty, Reuters, AFP, AP Locations: United Kingdom, Windsor, Britain
Washington, DC CNN —Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he hates it. Me cookies are getting smaller,” Cookie Monster wrote. “Household paper products, like toilet paper and paper towels, are 34.9 percent more expensive per unit than they were in January 2019. The latest Consumer Price Index showed that inflation didn’t ease in January as much as Wall Street was expecting. Americans’ attitudes toward the economy have improved recently, thanks to slowing inflation, according to consumer surveys, but remain below levels seen before the Covid-19 pandemic.
Persons: , “ Guess, Democratic Sen, Bob Casey, It’s, Sherrod Brown, Cookie, , Joe Biden, Biden, shrinkflation, ” Biden, Casey, Jerome Powell, Powell Organizations: DC CNN, Democratic, Labor Department, Research, of, Federal Trade Commission, Fed Locations: Washington, Ohio
New York CNN —The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. The S&P 500, meanwhile, gained 0.5% to close at a new high of 5,096.27. The Dow Jones Industrial Average ended the day slightly higher, up 47 points, or 0.1%. The S&P 500 was up 5.2% for the month, the Dow was 2.2% higher and the Nasdaq gained 6.1%. All S&P 500 subsectors ended the month in positive territory.
Persons: Austan Goolsbee, , , subsectors, Bitcoin, bitcoin Organizations: New, New York CNN, Nasdaq, Federal Reserve, Dow Jones, Commerce Department, Fed, Investors, Chicago Fed, Council, Foreign Relations, Dow, Deutsche Bank, Nvidia Locations: New York
President Biden and Prime Minister Benjamin Netanyahu of Israel each addressed the future of the battle in Gaza this week, speaking just a day apart but worlds removed from one another in a way that captured the essential tension between the two men after more than four months of fighting. Mr. Netanyahu spoke of war and how it would continue even if there is a temporary cease-fire to secure the release of hostages, just “delayed somewhat.” Mr. Biden spoke of peace and how such a cease-fire deal could “change the dynamic,” leading to a broader realignment that would finally end the underlying conflict that has defined the Middle East for generations. Mr. Netanyahu has a compelling interest in prolonging the war against Hamas to postpone the day of reckoning when he will face accountability for failing to prevent the Oct. 7 terrorist attack. Mr. Biden conversely has a powerful incentive to end the war as soon as possible to tamp down anger in the left wing of his party before the fall re-election campaign when he will need all the support he can get. At the same time, each has reason to think he may yet get a better deal if the other loses his post.
Persons: Biden, Benjamin Netanyahu, Mr, Netanyahu, Bibi, Donald J, Trump Organizations: Mr Locations: Israel, Gaza
Where markets go next may well depend on how Nvidia does after going forward. "The answer here will depend on NVDA," Tom Essaye of The Sevens Report wrote in a Thursday note. "The stock is at an all-time high ... and if it can hold (or extend) this rally ... it'll imply that tech can help lead this market higher." Nvidia and other artificial intelligence darlings, including Meta Platforms, powered the broader market last year, while other stocks underperformed. I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has."
Persons: Tom Essaye, Essaye, Patrick McDonough, Solita Marcelli, Charles Ashley, hasn't, Said PGIM's McDonough Organizations: Nvidia, Revenue, Nasdaq, VanEck Semiconductor, Federal Reserve, Meta, UBS Global Wealth Management, Catalyst Funds
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