Debt deal optimism, AI rally can’t hide market fears ahead of the weekend

A week can be a long time in the markets. Just a few days ago, the debt ceiling negotiations were looking so grim that President Joe Biden had to return from a G7 meeting in Japan early. Immediately after Washington predicted an improvement in US-China relations, Beijing declared semiconductors made by Micron a national security … Read more

Retirees shouldn’t take drastic steps because of the debt ceiling deadline

As the US nears its debt ceiling deadline, Dave Boniface has been fielding calls and emails from older clients. “The concern is escalating very quickly,” says Boniface, a financial advisor at Legacy Capital, a subsidiary of LPL Financial, in Forest Lake, Minnesota. Retirees worry about how the economy will fare if lawmakers can’t reach an … Read more

The AI-driven rise in big tech stocks is forcing us to consider some trimming

The stock market is now divided. There is the AI ​​market, which consists of companies that develop AI applications and help others create them. A market is made up of everything else. While we’re glad to see so many of our tech names in action and already believe in the benefits of AI, the speed … Read more

New Zealand is exploring the use of the National Assessment Breeding Index to ensure consistent breeding decisions

The Breeding Index for individual assessment will be coordinated by New Zealand Animal Evaluation Ltd (NZAEL), a subsidiary of industry organization DairyNZ that manages the country’s national breeding target and is an independent source of data that farmers use to rate their animals, aiding them in breeding and farm decision-making. The New Zealand dairy sector … Read more

The effect of inflation on consumer spending

A “For Lease” sign in a storefront in San Francisco, California, US, on Wednesday, May 3, 2023. Jason Henry | bloomberg | Getty Images This report is from today’s CNBC Daily Open, the new newsletter for international markets. The CNBC Daily Open updates investors everything they need to know quickly, no matter where they are. … Read more

5 things to know before the stock market opens Tuesday, May 16

President Biden and congressional leaders are set to discuss the debt ceiling. Home Depot reported weak revenue and cut its guidance for the year. Elon Musk is facing a subpoena in the Jeffrey Epstein case in the US Virgin Islands. Traders work on the floor of the New York Stock Exchange (NYSE) in New York … Read more

Good news for the markets next week. Everyone agrees that the “X-date” debt ceiling has not yet been reached

Washington can’t agree on anything, but the consensus everywhere is that “date X,” when the Treasury Department can’t pay the government’s bills unless the debt ceiling is raised, won’t arrive before June 1st — and probably not until weeks later. . Good news for markets next week: no default, no credit agency downgrade, and no … Read more

Trump says Republicans should let the US default. What will happen next.

Negotiations over the US debt ceiling continue to delay ahead of a looming deadline, when partisan bickering is likely to endanger the integrity of the global financial system. If this sounds depressingly familiar, That’s because: This situation has happened before. And even if it does resolve at 11 o’clock, many investors are still struggling. From … Read more

Stocks are down, Disney is down, AMD’s AI opportunity

Every weekday, the CNBC Investing Club with Jim Cramer holds a live broadcast of the “Morning Meeting” at 10:20 a.m. ET. Here is a summary of Thursday’s top moments. Stocks Patience as Disney AMD Follows Artificial Intelligence 1. Stocks Fall The Dow Jones Industrial Average fell nearly 1% on Thursday, weighed by a slump in … Read more

Microsoft is stepping up the AI ​​game by betting on the no-code startup Builder.ai

Through a strategic partnership, Microsoft plans to integrate Builder.ai’s AI assistant Natasha into Teams chat and video software to allow customers to build business applications within the platform. Microsoft also acquired a stake in Builder.ai. The companies declined to disclose the financial terms of the deal. The deal marks another attempt by Microsoft to ramp … Read more