Tech Matters More Than Financials: 3-Minutes MLIV
Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Madison Faller, investment strategist at JPMorgan Private Bank, says that concentration and broadening can exist side-by-side in equity portfolios as investors assess the momentum of the artificial intelligence trade. "AI, and tech broadly speaking, is leading the strength it's doing more of the heavy lifting," Faller tells Bloomberg Television. "But at the same time we are seeing more sectors participate within that, with ten of eleven S&P 500 sectors expected to produce profit growth this quarter."
TeraWulf shares fell after New York announced a temporary pause on new data centre permits in parts of the state.
ARK Invest increased its investment in Circle by buying about US$13.9 million in shares while reducing its position in Robinhood.
Andrew Balls, chief investment officer for global fixed income at Pacific Investment Management Co., says the Federal Reserve will "probably" keep rates on hold this year. Speaking on Bloomberg Television, he also discusses the outlook for Treasury yields.
Jan Philipp Schmitz, Executive President at Ardian, discusses the French private equity firm's business and opportunities in Asia. He speaks exclusively on "Bloomberg: The China Show."
Polymarket was ordered offline in Czechia after regulators directed internet service providers to block access to the prediction market platform for 15 days over alleged unlicensed gambling.
Cardano (CRYPTO:ADA) gained 3.5% after breaking above a key resistance level, with large investors increasing their holdings as buying activity strengthened.
XRP (CRYPTO:XRP) has attracted growing investor optimism even as its price declined, with market sentiment improving across social media and trading platforms.
ASML lifted its annual sales forecast for the second time this year as a surge in artificial intelligence spending drives demand for the company's chip-making machines. Europe's most valuable company expects net sales to grow to between 43 billion ($49.2 billion) and 45 billion this year. Bloomberg's Charlotte Hughes-Morgan reports.
Bitcoin (CRYPTO) has traded at a discount on Coinbase for 50 consecutive days, marking the longest negative streak on record and signalling weaker demand from U.S. investors.
Bitcoin (CRYPTO:BTC) rose above US$64,000 after lower-than-expected U.S. inflation reduced expectations that the Federal Reserve will raise interest rates this month.