Investing.com - U.S. consumer prices rose at a slower than anticipated rate in April, but remained slightly above the Federal Reserve’s target level, as economists assessed the impact of rapidly-evolving U.S. trade policies.
The headline consumer price index grew by 2.3% in the 12 months to April, compared with expectations that it would match March’s pace of 2.4%. It was the lowest rate of inflation since February 2021, shortly before pent-up pandemic-fueled demand and... (continue reading...)
Investing.com -- Raymond James has initiated coverage on Super Micro Computer (NASDAQ: SMCI) with an Outperform rating and a $41 price target, highlighting the company’s strong position in AI-optimized infrastructure and accelerating revenue growth.
AI platforms now account for nearly 70% of Supermicro’s revenue, making it a leader among branded server vendors.
The broker estimates Supermicro’s full-year 2026 (FY26) revenue at $29.8 billion with EPS of $3.03, representing... (continue reading...)
Investing.com -- Yardeni Research has reduced its odds of a U.S. recession in 2025 to 25%, citing a rally in stock prices and resilient economic data.
The firm also raised its year-end S&P 500 target to 6,500, up from 6,000.
“After today’s stock market rally, the negative wealth effect is probably insignificant,” the firm wrote, referencing concerns that a drop in equity values could hurt consumer spending, especially among Baby Boomers who collectively hold about $25... (continue reading...)
Investing.com -- Apple (NASDAQ: AAPL) is stepping into the realm of brain-computer interfaces (BCIs), a move that could potentially change the way we interact with our devices. The tech giant is collaborating with Synchron, a pioneer in the field, to develop technology that allows users to control their iPhones directly with their thoughts, according to a report from the Wall Street Journal.
Apple is in the early stages of creating technology that translates neural... (continue reading...)
Investing.com -- HSBC has downgraded Chevron (NYSE: CVX) from Buy to Hold, citing reduced valuation upside and a cut to shareholder distributions.
The downgrade comes amid a broader reset across the oil majors, triggered by a fall in Brent prices to the low $60s per barrel, pressuring financial frameworks previously anchored around $70/b.
“We downgrade Chevron from Buy to Hold on lower shareholder distributions after the company cut buybacks with 1Q results,” HSBC... (continue reading...)
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