Close
Analysts are out with their updated copper prices forecast for 2024  May 23, 2024 08:41AM

Following the recent rally, the spotlight is on copper, and analysts have been busy assessing their forecasts for copper prices, reflecting a complex set of factors from supply constraints and geopolitical factors to evolving demand trends in various sectors.

Copper prices rally

While copper prices slumped on Wednesday, the metal has experienced a significant rally over the past couple of months, with prices hitting record highs on Monday this week. 

Copper, which is a... (continue reading...)


Initial jobless claims drop to 215,000 May 23, 2024 08:41AM

Investing.com -- The number of Americans filing for first-time unemployment benefits fell by more than anticipated last week.

Initial jobless claims in the U.S. dropped to 215,000 in the week ended on May 18, down from an upwardly revised total of 223,000 in the prior week. Economists had seen the figure at 220,000.

The four-week moving average, which attempts to account for variances in the weekly figure, edged down to 219,750 from 218,000.


Nvidia, Snowflake, News Corp and DuPont rise premarket; Live Nation falls May 23, 2024 07:52AM

Investing.com -- U.S. stock futures traded higher Thursday, as solid quarterly corporate earnings overshadowed concerns over interest rates remaining elevated for longer than expected.

Here are some of the biggest premarket U.S. stock movers today:

  • Nvidia (NASDAQ: NVDA) stock soared over 7% after the chipmaker’s first quarter earnings blew past estimates, as well as offered up a stronger-than-expected revenue forecast for the current quarter, as it continued to... (continue reading...)


Here's when Nvidia is expected to become the 3rd $3 trillion company  May 23, 2024 07:42AM

Analysts at Needham&Company expect Nvidia (NASDAQ: NVDA) to be the third company to reach a $3 trillion market capitalization after the company's latest earnings, which topped expectations and saw the company issue upbeat guidance.

Nvidia reported Q1 EPS of $6.12, $0.53 better than the analyst estimate of $5.59, while revenue for the quarter came in at $26.04 billion, above the consensus estimate of $24.65 billion.

In addition, NVIDIA expects second-quarter 2025... (continue reading...)


JPMorgan's Dimon says he can't rule out hard landing for U.S. economy - CNBC May 23, 2024 06:20AM

Investing.com -- The prospect of the U.S. economy slipping into a "hard landing" cannot be ruled out, according to JPMorgan Chase (NYSE: JPM) Chief Executive Jamie Dimon.

In an interview with business news channel CNBC, Dimon argued that "anyone who reads history" cannot discard the possibility of this scenario, which would see the U.S. dip into an economic downturn following a period of recent growth.

Dimon told CNBC that the worst outcome for the world's biggest... (continue reading...)


More Investing

View Older Stories

May 23, 2024 05:55AM FOMC reaction: Wall Street discusses what will the Fed do next
May 23, 2024 05:55AM BHP-Anglo American deal now more likely - Jefferies
May 23, 2024 05:55AM European chipmakers gain after Nvidia posts soaring revenues
May 23, 2024 05:55AM UBS raises its Stoxx Europe year-end price target
May 23, 2024 04:53AM Dollar steadies after sharp gains post Fed minutes; sterling retains strength
May 23, 2024 04:18AM Fed members back wait and see approach on worries of stalling disinflation
May 23, 2024 04:18AM BHP needs to sweeten Anglo bid, but extension boosts chances of agreement: RBC
May 23, 2024 04:17AM OpenAI, News Corp sign content sharing deal; shares surge
May 23, 2024 04:17AM Boeing delays China deliveries over regulatory review- Reuters
May 23, 2024 04:16AM US stock futures rise as Nvidia cheer offsets Fed jitters
May 23, 2024 04:16AM Oil prices fall amid US rate jitters, surprise inventory build
May 23, 2024 04:15AM Asian stocks sink as US-China trade jitters offset Nvidia tech boost
May 23, 2024 04:12AM Gold prices fall below $2,400 on rate jitters, copper hit with profit-taking
May 23, 2024 04:12AM JPMorgan stays bearish on stocks, sees little reason to change stance
May 23, 2024 04:12AM Nvidia's blowout results, OpenAI-News Corp content deal - what's moving markets
May 23, 2024 04:12AM Dow Jones at 60,000 by 2030? Yardeni says it's possible
May 22, 2024 07:44PM DOJ to seek breakup of Live Nation-Ticketmaster, shares slide
May 22, 2024 05:01PM Nvidia issues upbeat guidance as Q1 results beat; announces 10-for-1 stock split
May 22, 2024 11:58AM Midday movers: Target, Lululemon and ViaSat fall; TJX rises
May 22, 2024 09:56AM Lynx Equity Strategies sees signs of Nvidia GPU shortages turning into surplus
May 22, 2024 08:46AM Persistent US federal deficits hurt GDP, incomes&living standards: Piper
May 22, 2024 07:09AM Goldman now sees US debt-to-GDP ratio hitting 130% by 2034 vs 97% prior forecast
May 22, 2024 07:07AM Goldman now sees US debt-to-GDP ratio hitting 130% by 2034 vs 97% prior forecast
May 22, 2024 05:12AM Biden to sell 1M barrels of gasoline to cut prices ahead of summer driving season
May 22, 2024 05:11AM 'The most likely outcome is two cuts this year starting September' - Evercore
May 22, 2024 05:11AM Oil Inventories in surprise 2.5M barrel jump last week: API
May 22, 2024 05:11AM Oil prices fall further on surprise US inventory build, rate jitters
May 22, 2024 05:10AM Asian stocks rangebound with Fed minutes, Nvidia earnings in focus
May 22, 2024 05:08AM Gold prices retreat from record highs with Fed minutes on tap; copper falls
May 22, 2024 05:08AM China stock rally far from over as Beijing doles out stimulus: Alpine Macro
May 22, 2024 05:08AM Nvidia earnings, Fed minutes, UK inflation - what's moving markets
May 22, 2024 05:08AM Hedge funds cut exposure to the mega-cap tech stocks: Goldman
May 22, 2024 05:07AM Dollar steady ahead of Fed minutes, sterling gains on CPI release
May 22, 2024 05:07AM Waller's remarks raise risk of a later first cut by Fed: Goldman Sachs
May 21, 2024 11:56AM Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall
May 21, 2024 10:34AM Micron shares dip on lack of Q2 guidance update
May 21, 2024 09:46AM HSBC explains why this rally has further legs
May 21, 2024 09:45AM U.S. inflation "has likely resumed" slowing toward 2% - Fed's Waller
May 21, 2024 09:45AM MS 'surprised' AI stocks are not pricing in potential Chinese invasion of Taiwan
May 21, 2024 07:33AM Nvidia options underpricing rising earnings fragility
May 21, 2024 07:27AM AstraZeneca shares rise as pharma group unveils 2030 revenue target
May 21, 2024 07:14AM Morgan Stanley says Elon Musk 'needs Tesla more than ever'
May 21, 2024 07:08AM Macy's lifts full-year adjusted earnings per share outlook
May 21, 2024 06:21AM S&P’s breakout points to 5550-5600 as the next target: Strategas
May 21, 2024 06:21AM Shares in BHP touch three-month high as deadline for Anglo bid nears
May 21, 2024 06:09AM Stocks aren't attractive at the moment: JPMorgan
May 21, 2024 06:09AM Oil prices dip amid Iran uncertainty, US rate jitters
May 21, 2024 06:08AM Asian stocks retreat as China rally cools, Hong Kong slammed by tech rout
May 21, 2024 06:08AM Asia FX creeps lower, yen fragile with more rate cues on tap
May 21, 2024 06:08AM Gold prices fall from record highs as rate fears persist; copper retreats
View Older Stories