JPMorgan’s Yoder Calls AI Sell-Off ‘Healthy’ for Markets
JPMorgan Private Bank US Equity Strategist Abby Yoder shared her insights on market reactions following Monday’s sharp sell-off, driven by the release of DeepSeek’s...
China’s Industrial Profits Drop as Commodities Struggle
China’s industrial profits fell 3.3% in 2024, with oil refiners, steelmakers, and coal miners among the worst-performing sectors. Overcapacity and slowing economic growth have...
South Africa’s Retail Sales Surge 7.7% in November
What Happened
Retail activity in South Africa continued its strong momentum, rising 7.7% year-over-year in November 2024, according to Statistics South Africa (Stats SA). This...
Apple Faces Downgrades Amid Weak iPhone Sales and AI Struggles
What Happened
Jefferies analyst Edison Lee downgraded Apple (AAPL) to Underperform, reducing the price target by 13% to $200.75, citing weak iPhone sales and lackluster...
U.S. Stocks Dip as Investors Assess Earnings and Fed Rate Cut Outlook
Market Pulls Back After Strong Rally
U.S. stocks edged lower on Thursday, giving up some gains from the previous session as investors analyzed corporate earnings...
US Core Inflation Eases for the First Time Since July, December CPI Shows
Key Inflation Data
The Consumer Price Index (CPI) for December revealed that core inflation, which excludes volatile food and energy prices, rose 0.2% month-over-month, down...