Loading... Loading... Remarks from Federal Reserve officials alongside new economic data significantly shaped investor sentiment over the last week. The U.S.
economy continues to demonstrate resilience, with the manufacturing sector returning to expansion after 16 months of contraction and the labor market adding 303,000 new jobs in March, surpassing economist expectations. Buoyed by this positive economic momentum, recent public statements from Federal Reserve officials have tempered expectations of an imminent interest rate cut, with Fed governors reiterating the need to see more positive data on disinflation. Wall Street saw a varied performance this week, with uncertainty regarding monetary policy taking the spotlight. Energy stocks, as tracked by the Energy Select Sector SPDR Fund XLE , notably stood out as
Oil prices surged to their highest levels in over six months, inching closer to $90 a barrel. Apple’s Robotics Ambition
Apple Inc. AAPL is reportedly shifting its focus from electric vehicle ambitions to home robotics, reflecting its continual search for the next big innovation. Initiatives include a mobile
Robot and a sophisticated tabletop device with a display repositioning arm aimed at redefining smart home technology. Analysts have expressed differing opinions on the possibility of Apple venturing into the realm of personal home robots. Disney's Board Wins Vote
Disney Co. DIS shareholders overwhelmingly supported the company's current board, decisively defeating activist shareholder nominees from Trian and Blackwell. This result solidifies CEO Bob Iger ‘s leadership as Disney aims to focus on growth, value creation and maintaining its position in the entertainment industry. Loading... Loading... Demand Overwhelms Supply Eli Lilly Co. LLY faces challenges meeting the high demand for its weight loss drugs Mounjaro and Zepbound, with shortages reported on
Amazon Inc. AMZN Pharmacy. This situation underscores the drugs’ success and the company’s efforts to scale up manufacturing capacity. EV Penny Stock Rallies Nikola Corp. NKLA , an electric truck manufacturer, has outperformed major companies like
Tesla Inc. TSLA , Rivian Automotive Inc. RVN and Lucid Group Inc. LCID in stock performance terms so far in 2024. This growth comes after a tough 2023 for Nikola that saw stock value dips, recalls and leadership changes. Nikola’s focus on hydrogen fuel cell trucks contributes to its share price recovery, in contrast with the broader EV market’s downturn. Read now: Tesla Reportedly Scraps Low-Cost Car Plans,
Elon Musk Denies Story Image generated using
Artificial intelligence with Midjourney. Loading... Loading...