- Spark Newswire

2 minute read

Bill Ackman Warns Of Accelerating Deposit Outflows After Janet Yellen’s Backtrack: ‘Big Mistake’

Today, 10:45 PM

After the Federal Reserve announced a quarter-point increase in the fed funds rate and also hinted at a potential pause in the monetary policy statement, Treasury Secretary Janet Yellen spooked the markets by stating that the T

KRE

4 minute read

S&P 500 Hit 4,000, Bank Stocks Soar, Treasury Yields Rise, As Worries Over Banking Crisis Ease – Traders Await FOMC

By Shanthi Rexaline

Today, 10:45 PM

It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence over the b

BAC

2 minute read

Tesla Price Cuts May Have Hurt Its Margin, Says Analyst: Why Investors Shouldn’t Worry About It

By Shanthi Rexaline

Today, 10:45 PM

Morgan Stanley, which recently dropped Tesla Inc. (NASDAQ: TSLA) as its top U.S.

TSLA

2 minute read

Big Techs Race To Capitalize On AI, Says Munster: How Apple, Microsoft, Google Would Monetize The Technology

By Shanthi Rexaline

Today, 10:45 PM

The past week saw some milestone events on the artificial intelligence front, with OpenAI unveiling the latest iteration of its GPT large language model and Baidu Inc.

AAPL

2 minute read

U.S. Futures Trade Higher While Asian Markets Are Down After Global Central Banks Intervene In Coordinated Action To Ease Liquidity Strain

By Shanthi Rexaline

Today, 10:45 PM

The index futures cut their losses and traded in the green on Sunday following Swiss investment bank Credit Suisse AG’s (NYSE: CS) sale to its peer UB

1 minute read

Global Central Banks Announce Coordinated Action As Banking Crisis Deepens: What Investors Should Know Ahead Of Trading Week

By Shanthi Rexaline

Today, 10:45 PM

As the turmoil in the banking system claims more scalps, central banks across the globe announced a coordinated action, underlining the gravity of the problem at hand.

1 minute read

Elon Musk Says Financial Crisis Faced By Small And Medium Banks Is ‘A Serious Risk’ — Here’s Why

By Shanthi Rexaline

Today, 10:45 PM

The predicament facing the banking system has become front and center, and the Fintwit is having a field day discussing the crisis.

TSLA

2 minute read

Apple Pushed Back Projects, Paused Hiring, Micromanaged Teams Amid Efforts To Rein In Costs And Avoid Mass Layoffs: Gurman

By Shanthi Rexaline

Today, 10:45 PM

Unlike many of its tech peers, Apple, Inc. (NASDAQ: AAPL) has so far refrained from any large-scale layoffs.

AAPL

3 minute read

Can Prison Stocks Break The Shackles And Rally Amid Trump’s Potential Arrest This Tuesday?

By Shanthi Rexaline

Today, 10:45 PM

Prison stocks are underperforming in the current market recovery, with three major publicly-traded ones trading deep in the red in the year to date. This marks a reversal from 2022, when the stocks notched spectacular gains despite the broader market swoon.

CXW

3 minute read

Will Artificial Intelligence Completely Eliminate The Human Workforce? OpenAI’s Sam Altman Chimes In: ‘We Have Got To Be Cautious Here’

By Shanthi Rexaline

Today, 10:45 PM

Amid the hype surrounding OpenAI’s ChatGPT and GPT (which powers chatbot), co-founder Sam Altman discussed several aspects of the technology in a recent interview.

GOOG