April 2024 - Page 36 of 153 -

Alphabet, Microsoft Beat Q2 Expectations Driven By AI, Cloud Growth

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Alphabet and Microsoft posted strong Q2 earnings driven by AI and cloud computing. Stocks surge in premarket trading today.lphabet Inc. (GOOG) and Microsoft (MSFT), two of the world’s largest technology companies, have reported strong second-quarter earnings driven by their investments and advancements in artificial intelligence (AI) and cloud computing.Both companies surpassed Wall Street expectations, with Alphabet reporting a revenue […]

Worldcoin eyes collaboration with PayPal, OpenAI

Apr 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Tools for Humanity, the company behind Worldcoin, is exploring potential partnerships with digital payment giant PayPal and Artificial Intelligence (AI) research company OpenAI, said Alex Blania, Chief Executive Officer at Tools for Humanity, in a recent interview with Bloomberg News.Details about these potential partnerships, however, remain tentative and non-specific. Blania did not provide concrete examples […]

Elliott Wave Technical Analysis: Microsoft Inc. – Friday, April 26

Apr 26, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash MSFT Elliott Wave Analysis Trading Lounge Daily ChartMicrosoft Inc., (MSFT) Daily ChartMSFT Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigzagPOSITION: Intermediate (2)DIRECTION: Bottom in wave A of (2). DETAILS: We are considering a significant top in place with wave (1), and we are now looking for a three wave move correction into wave (2). We seem […]

Gold Recovers Despite Delayed Bets For Fed Rate Cuts

Apr 26, 2024 Jeremy Parkinson Finance 0

Gold is extending its rebound off the $2300 psychological level!Even so, the precious metal appears to be on the cusp of ending a 5-week winning streak. Gold’s recent rebound suggests that demand for the safe haven asset still offsets the lowered expectations for Fed rate cuts in 2024. From a technical perspective, bullion appears to be guided upwards […]

Microsoft Commentary – Friday, April 26

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Microsoft Spikes HigherShares in tech giant Microsoft are trading higher today ahead of the US open after the group posted another stellar set of results last night for Q1. This marks the seventh straight quarter of earnings growth for Microsoft. On the headline numbers, Microsoft posted Q1 EPS of $2.94 vs $2.84 expected […]

Meta And Tesla Show Technical Trump Narratives

Apr 26, 2024 Jeremy Parkinson Finance 0

Meta shares fell almost 20% following a better-than-expected earnings report. The day before, Tesla shares rose 15% despite missing earnings and sales estimates and reporting a massive decline in its free cash flows. The sections below provide more specifics on Meta and Tesla earnings. Their earnings are important for investors, but it is equally critical […]

Fed’s Favorite Inflation Indicator Prints Hotter-Than-Expected As Savings Rate Plunges

Apr 26, 2024 Jeremy Parkinson Finance 0

With inflation data surprising to the upside recently…Source: Bloomberg…the doves’ last chance for sooner than later rate cuts is today’s Core PCE Deflator – often described as The Fed’s favorite inflation signal. Last month saw an uptick in the headline deflator and following yesterday’s core PCE rise for Q1, all eyes are on the March […]

Is The Hot Inflation Data In Q1 Noise Or Signal?

Apr 26, 2024 Jeremy Parkinson Finance 0

Yesterday’s first-quarter GDP report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US Treasury yields rose. At first glance, the risk-off response looks reasonable. But a closer look at the GDP numbers still leaves room for debate.Let’s start with the offending data that sent markets into a […]

Gold Price Recovers Amid Uncertain US Economic Outlook

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data.The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The […]

USD/CAD Price Analysis: Consolidates Around 1.3650 Ahead Of Fed’s Preferred Inflation Gauge

Apr 26, 2024 Jeremy Parkinson Finance 0

USD/CAD trades sideways ahead of the US core PCE Inflation that will influence Fed rate cut expectations. The US Dollar remains on backfoot as weak US Q1 GDP raise concerns over the economic outlook. Investors see the BoC pivoting to interest rate cuts from June. The USD/CAD pair is stuck in a tight range near […]