The world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant surge in their China revenue in recent years. According to a report by Bank of America analysts, the share of China revenue for companies like Lam Research, KLA Corp., and Applied Materials has more than doubled since late 2022. This growth can
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Alphabet, the tech giant, saw its stock slip 1% despite beating expectations on both top and bottom lines in the second quarter. With earnings of $1.89 per share on $84.74 billion in revenue, the company outperformed consensus estimates. However, revenue from its YouTube advertising segment fell short of expectations. Shares of electric vehicle maker Tesla
UBS analysts are confident in their prediction of a soft landing for the US economy. They believe that inflation is on a downward trend and that the Federal Reserve is prepared to cut rates to support economic growth. One of the key factors that UBS points to in bringing down inflation is moderating consumer spending.
In the past week, we have seen some recovery in the dollar index after a period of losses. However, this uptick seems to be a temporary pause for profit-taking by sellers before the next downward shift. The US dollar has been facing significant pressures since late June, particularly after signals from the Federal Reserve indicating
U.S. Treasury yields experienced a slight dip as investors carefully considered the economic outlook in anticipation of crucial data releases. The upcoming second-quarter GDP figures and June’s personal consumption expenditures price index are eagerly awaited, as they serve as the Fed’s preferred inflation gauge. These reports could offer valuable insights into the potential monetary policy
The Small and Medium-sized Enterprises Index (SMEI) experienced a significant rebound in July, reaching 50.4, according to economists Hunter Chan and Shuang Ding from Standard Chartered. This uptick came as a result of improvements in expectations and credit conditions within the market. After a minor setback in June when it dipped to 49.9, SMEI returned
The article discusses the increase in market breadth indicators for the Nasdaq 100, with more than 50% of component stocks above their 20-day and 50-day moving averages. This positive development is seen as a sign of strength in the index. However, the analysis lacks depth in explaining the significance of these indicators. While it mentions
Windrose, a Chinese electric truck startup, is planning to establish a U.S. assembly plant for its semi-trucks, with deliveries set to begin in 2025. This move directly challenges Tesla, a dominant player in the electric vehicle market. The decision to set up a plant in the United States signifies a potential comeback for Chinese electric
Upon analyzing the Australian Stock Exchange (ASX) with a focus on COCHLEAR LIMITED – COH, it is evident that wave ((4)) – navy has been identified as a Triangle, indicating a potential upward movement in wave ((5)) – navy. The 1D Chart (Semilog Scale) analysis further supports this observation, highlighting the Major trend (Primary degree,
When it comes to making investment decisions, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be seen as a guide rather than a direct recommendation to buy or sell assets. It is essential for individuals to conduct their own thorough research before making any
Despite the weaker growth forecasts, investor bets on a July Bank of Japan rate hike linger. Economic indicators on Wednesday and Friday could dictate the BoJ’s policy maneuvers on July 31. On Wednesday, July 24, economists expect the Jibun Bank Services PMI to increase from 49.4 in June to 49.9 in July. A higher-than-expected PMI
Berkshire Hathaway, the conglomerate led by Warren Buffett, made headlines by trimming its significant Bank of America holding for the first time in over four years. The move came after Bank of America’s impressive run in 2024, with Berkshire selling 33.9 million shares of the bank in separate transactions totaling nearly $1.5 billion. The sale,