US economy grows by 2.8% in third quarter, slower than expected
The US economy grew at a slower than expected rate in the third quarter despite signs of waning inflationary pressures and solid wage gains. In a release only days...
The US economy grew at a slower than expected rate in the third quarter despite signs of waning inflationary pressures and solid wage gains. In a release only days...
-- Bitcoin rose on Wednesday and was within spitting distance of record highs as positioning around the upcoming presidential election spurred sharp gains across...
As the so-called "Magnificent Seven" tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU). He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO). "There's more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends," Mahn tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
The U.S. economy's growth rate, measured by the Gross Domestic Product (GDP), has seen a slight decrease, according to recent data. The GDP, which is the broadest measure of...
U.Today - The quantity of Bitcoin available for trading has been steadily declining, as evidenced by the recent record lows reached by exchange reserves on all major exchanges....
WASHINGTON (Reuters) - U.S. private payrolls growth surged in October, despite fears of temporary disruptions from hurricanes and strikes. Private payrolls increased by 233,000...
Private employers in the U.S. added far more roles than forecast in October, pointing to strength in the labor market according to a report from payrolls processor...
MADRID (Reuters) -The Spanish economy grew at a faster-than-expected rate in the third quarter to again outpace its European peers thanks to a strong tourism season and exports,...
The ADP National Employment Report, a key metric of non-farm, private employment in the United States, has posted a significant increase, according to the latest data. The report,...
Dubai, United Arab Emirates, October 30th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce an exclusive...