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Oracle’s AI Ambitions In Focus As Q3 Earnings Loom

Oracle’s AI Ambitions In Focus As Q3 Earnings Loom

Image Source: Pexels  Oracle Corporation (NYSE: ORCL) is poised to unveil its fiscal third-quarter financial results after markets close on Monday, with investors keenly watching for signs that the tech giant can solidify its position as an emerging leader in artificial intelligence amid surging demand for cloud computing services and AI products. While Oracle has long been a […]
Sensex Today Tanks 616 Points; Telecom Stocks Drag

Sensex Today Tanks 616 Points; Telecom Stocks Drag

After opening the day lower, Indian share markets turned positive as the session progressed and ended the day flat.Equity benchmark indices started the week on a dismal note, ending Monday’s session with sharp losses ahead of key CPI inflation data both in India and the US on Tuesday.At the closing bell, the BSE Sensex stood lower by […]
Scenes From The February Jobs Report

Scenes From The February Jobs Report

Later this week we get a lot of interesting reports, including CPI tomorrow, retail sales on Thursday, and industrial production on Friday. In the meantime, let’s take a further look at some of the more noteworthy data from Friday’s employment report. In particular, as I wrote then, the Household Survey portion of that report was […]
Japanese Market Commentary – Monday, March 11

Japanese Market Commentary – Monday, March 11

Image source: Pixabay  USDJPY Heading LowerUSDJPY is under heavy selling pressure as we head towards the US session on Monday. Traders continued to offer the pair through early European trading, extending the declines seen from the Asian open overnight. The pair has now shed almost 3% from the YTD high as a shift in expectations regarding […]
Coinbase Rallies As Bitcoin Hits ATH, Nvidia Tumbles After Lawsuit

Coinbase Rallies As Bitcoin Hits ATH, Nvidia Tumbles After Lawsuit

The divergent fortunes of two tech titans were on display in premarket trading today as cryptocurrency exchange Coinbase Global Inc. (COIN) soared amid a record-setting Bitcoin (BITCOMP) rally. At the same time, chip maker Nvidia Corp. (NVDA) shares tumbled on the fallout from an AI-related lawsuit.Image courtesy of 123rf.comCoinbase Rallies as Bitcoin Hits ATHCoinbase Global Inc. shares surged […]
Is The US Labor Market As Strong As It Appears?

Is The US Labor Market As Strong As It Appears?

Friday’s payrolls data for February dispatched another upside surprise, reaffirming the now-consensus view that recession risk is low for the US economy. Hiring rose 275,000 last month, beating expectations — well above the consensus forecast for around 200,000.A closer look at the numbers, however, paints a mixed picture. As The Wall Street Journal noted, “behind the headline […]
US Dollar Trades Flat As Fed Starts Blackout Period

US Dollar Trades Flat As Fed Starts Blackout Period

The US Dollar (USD) is starting the week at a slow pace, not really making any waves on Monday. However, the Greenback is set for a very firm data-driven regime this week as there will be no US Federal Reserve (Fed) officials speaking. This is because the Fed’s blackout period has started ahead of the […]
Waiting For February Inflation Data

Waiting For February Inflation Data

Last week was the worst week in the market since October and is being chalked up to profit-taking following its stellar run. Tipping the scales for that decision is the growing realization that while the Fed still expects to cut rates this year, the timing for the start of that process continues to slip. PixabayThe hope […]
Japan’s Q4 23 Contraction Revised Away, Helping Keep Yen Bid

Japan’s Q4 23 Contraction Revised Away, Helping Keep Yen Bid

Image Source: Pixabay  Overview: News that the Japanese economy expanded rather than contracted in Q4 23 has fanned expectations that rates could be as early as next week. This is helping keep the yen supported, though it remains in the pre-weekend range, albeit barely. While the dollar is softer but consolidating against the euro, Swiss franc, and […]
Nvidia Reversal Hints Market Correction?

Nvidia Reversal Hints Market Correction?

Could a sharp downward reversal from Friday be a trend-changing event?Friday’s intraday reversal and a negative close for the S&P 500 index (-0.65%) cast a shadow on the short-term bull market. The index reversed lower after reaching yet another new record high of 5,189.26. Nvidia stock, which had been driving recent gains, saw a sharp […]