Category: stocks

(Bloomberg) -- Credit traders at Barclays Plc and HSBC Holdings Plc are making markets for clients to bet on Thames Water's debt as the crisis at the U.K.'s biggest water utility, Thames Water, escalates. Bloomberg's top reads U.S. Sees Imminent Missile Attacks on Israel by Iran, Proxies Apple Plans to Revamp Entire Mac Line with Artificial-Intelligence-Focused M4 Chip Vietnamese Tycoon Lan Sentenced to Death in $12 Billion Fraud Case Russian Attacks on Ukraine Raise Worries Troops Are on Brink of Collapse U.S. Slams Strike Against Ukraine

Bank of America (Bank of America) said that in the week ending Wednesday, the U.S. big rock stocks suffered the largest weekly outflows since December 2022, traders are worried that the continued high inflation will further promote interest rate cuts, geopolitical tensions also aggravate the cautious mood. Bank of America in the use of EPFR data on the global market capital inflows and outflows in the weekly pan points, said the United States this week, big rock stocks outflow of $ 15.8 billion, the whole stock market outflow of $ 19.6 billion. In the week ending Wednesday, stocks tumbled after stronger-than-expected U.S. inflation data on Wednesday, after Wall Street was thrown into a panic last Thursday by hawkish comments from Federal Reserve officials and a rise in the price of oil to more than $90 a barrel.

The artificial intelligence revolution has pushed up the company's stock price, and one analyst thinks it could reach even greater heights.

Nvidia (NASDAQ:NVDA) designs semiconductors for everything from artificial intelligence to gaming to cryptocurrency mining, and also owns the AI training software Cuda. The company also owns Cuda, an artificial intelligence training software, and I'm bearish on Nvidia, which trades at 76 times P/E and is likely to see its margins peak. I think the company is more cyclical than most people think. Like Tesla (NASDAQ:TSLA) in the electric car space, Nvidia enjoys a first-mover advantage in artificial intelligence. The problem is that, like Tesla in the electric car space, competition is growing exponentially.

A strange thing just happened in the U.S. short-term financing market: on March 19th, benchmark interest rates suddenly dropped sharply, then rebounded the next day. This drop occurred in a corner of the repurchase agreement market, or repo, where corporations borrow money from investors using treasury bonds as collateral. The key repo rate, known as the Treasury GCF Repo Index, fell to 5.142% the other day, down from 5.334% the day before.

Asian stock markets were in a subdued mood on Friday, as investors pondered the Fed's path to rate cuts amid uncertainty over the U.S. inflation outlook. While U.S. Treasury yields were near five-month highs, gold rose to record highs as higher-than-expected consumer price data in midweek forced bets on a rate cut to fall. After Wednesday's shocking consumer price index, the market rushed to trim bets on easing, and now expects the Fed funds rate to fall by less than two quarter-points this year, down from the three rate cuts Fed officials predicted last month.