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Tag Archives: Q1

May Inflation Cools, Raising Hopes for Fed Rate Cuts

U.S. inflation eased in May, matching economists’ expectations and potentially bolstering the case for the Federal Reserve to implement interest rate cuts in 2024. The headline personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, remained flat month-over-month, a significant slowdown from April’s 0.3% increase. The annual rate …

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Dollar Dips, Yen Weakened to Intervention Territory as Focus Shifts to Economic Data and Political Events

The U.S. dollar retreated slightly in early European trading Thursday, relinquishing some of the previous session’s gains, while the Japanese yen continued its downward trajectory, reaching levels that could prompt intervention from authorities. Key Takeaways: Dollar Eases: The Dollar Index, which measures the greenback against a basket of six major …

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Dell Stock Plunges on AI Investment Impact, Dampening Profit Outlook

Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, following the company’s announcement that substantial investments in artificial intelligence (AI) technology are expected to weigh on its quarterly profit. This sharp decline could wipe out more than $17 billion of Dell’s market value if …

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