This post is co-written with Deepali Rajale from Karini AI. Karini AI, a leading generative AI foundation platform built on AWS, empowers customers to quickly build secure, high-quality generative AI apps. GenAI is not just a technology; it’s a transformational tool that is changing how businesses use technology. Depending onContinue Reading
mesut zengin/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -7.1% pre-market Monday after saying it plans to lay off 400 employees, including 200 in Israel, as it seeks to restore profitability; the company has said its workforce totaled 5,633 employees as of December 31. In a letter to employees, SolarEdge (SEDG)Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed for a second straight session Thursday, as a tamer than expected U.S. inflation reading is seen raising the chances of a September interest rate cut by the Fed. The U.S. government reported the consumer price index declined 0.1% in June, falling forContinue Reading
mesut zengin/iStock via Getty Images Shares of solar and alternative energy companies posted broad gains on Thursday, booster by cooler than expected inflation data that raised hopes the Federal Reserve will start lowering interest rates sooner rather than later. U.S. consumer prices fell for the first time in more thanContinue Reading
Olemedia/E+ via Getty Images Albemarle (NYSE:ALB) +1% in Thursday’s trading despite a downgrade from Wells Fargo, which lowers shares to Equal Weight from Overweight with a $100 price target, cut from $145, even after recently dropping to nearly four-year lows. Wells Fargo analyst Michael Sison says confidence in his earningsContinue Reading
aluxum United Therapeutics (NASDAQ:UTHR) traded lower on Thursday after Morgan Stanley downgraded the Tyvaso maker to Equal Weight from Overweight, citing a balanced risk-reward setup following strong gains this year. Morgan Stanley said that United Therapeutics (UTHR), which markets drugs for a lung disorder called pulmonary arterial hypertension (PAH), hasContinue Reading
sitox Inflation rates continued to ease in June, spurring traders in the fed funds futures market Thursday to boost the odds that the Federal Reserve will begin cutting interest rates at its September meeting. The probability of a September rate cut of 25 basis points shot up to 87.9% fromContinue Reading
monsitj/iStock via Getty Images Gold futures rallied past $2,400/oz in Thursday’s trading following a surprise drop in U.S. consumer prices in June, raising hopes that the Federal Reserve will soon start cutting interest rates. The latest data from the Bureau of Labor Statistics showed a 0.1% decline in consumer prices,Continue Reading
monsitj/iStock via Getty Images Gold futures gained Wednesday, following the equity markets higher after comments from Federal Reserve Chair Jerome Powell raised expectations for lower interest rates soon. Two days of congressional testimony from Powell appeared to indicate a favorable tilt toward cutting rates, saying progress is being made inContinue Reading
zorazhuang/iStock via Getty Images Western Midstream Partners (NYSE:WES) -0.4% in Wednesday’s trading as Stifel downgrades units to Hold from Buy with a $39 price target, saying that while continuing to favor Western’s return of capital strategy and asset footprint, it believes the outlook is reflected in the current valuation. StifelContinue Reading
