Deutsche Bank Economists Expect US Recession to Prompt 175 Basis Points in Fed Rate Cuts in 2024
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.
Shortly after a trip to China, Elon Musk has become the richest person in the world as he prepares to step down from his position as Twitter CEO.
Tesla is already constructing a mega factory in Shanghai to ramp up energy storage for its current and upcoming models including the Cybertruck.
Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.
The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts.
Several chipmakers in Asia suffered drawdowns to their shares in the aftermath of poor global smartphone shipments.