Business

Goldman Says Markets Too Optimistic on Pace of US Inflation Drop

Jennifer DuBois - June 17, 2023

(Bloomberg) -- Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group...

Business

Binance, SEC strike deal to keep US customer assets in country

Jennifer DuBois - June 17, 2023

By Baranjot Kaur and Akanksha Khushi(Reuters) -Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities...

Business

A China-based bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts, report says

Jennifer DuBois - June 17, 2023

The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said.It was established by the BRICS...

Business

Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker’s blockbuster earnings report,...

Jennifer DuBois - June 17, 2023

Morgan Stanley raised its price target on Nvidia to $500 and called the stock its "top pick."Analysts said demand has picked up since...

Business

‘Big Short’ investor Steve Eisman looks beyond tech and is making a big bet on infrastructure

Jennifer DuBois - June 17, 2023

Steve Eisman is looking beyond the hype around tech, and is betting big on US infrastructure.Greenification will mean significant investments in the grid,...

Business