stockmarket
European stock exchanges opened higher on Tuesday as investors digested the latest data on the United Kingdom’s unemployment figure, which could have mixed implications for the Bank of England’s future policy decisions. UK unemployment and wage dataIn the three months leading up to April, the unemployment rate in Britain grew compared to the previous trimester. This increase might indicate emerging weaknesses within the country’s labor market amid tight monetary policies. However, the concurrent rise in annual wages could temper expectations of a potential interest rate cut before the upcoming...
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The Tesco (LON: TSCO) share price has continued to fire on all cylinders this year as its performance remained steady. It has jumped by over 11% this year, outperforming other British retailers like Marks and Spencer (MKS) and Sainsbury (SBRY). Tesco’s business is doing wellTesco, the biggest British retailer is performing well as the country’s inflation retreated and wage growth continued growing. Economic data by the Office of National Statistics (ONS) showed that the country’s wages with bonuses rose by 5.9% in April, higher than the expected 5.7%. Excluding bonuses, the country’s wages jum...
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In a surprising turn of events, the TON-based meme coin and clicker game on Telegram, Notcoin (NOT), has emerged as the top loser among the leading 100 cryptocurrencies. Despite a recent bullish announcement, NOT has seen a significant 15% decline in the past 24 hours, now trading at $0.016 at the time of writing. The asset’s market cap is currently at $1.64 billion, positioning it as the 58th-largest cryptocurrency. Alongside the price drop, Notcoin’s daily trading volume also saw a notable decline, falling by 14% to reach the $700 million mark. Community response and supply constraintsAn off...
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Much has been said about the potential for artificial intelligence (AI) to affect individual privacy and safety, but comparatively little has mentioned the potential havoc AI could cause to financial markets themselves. All that changed recently when International Monetary Fund (IMF) deputy managing director Gita Gopinath gave a speech at the AI for Good Global Summit in Switzerland. “The world economy will see another downturn—that much is certain. The widespread use of AI could turn an ordinary downturn into a deep and prolonged economic crisis by causing large-scale disruptions in labor mar...
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The Schwab US Dividend Equity (SCHD) ETF has done well this year as it jumped to its highest level on record. It has jumped by just 2.15%, underperforming the popular SPDR S&P 500 (SPY) and the Invesco QQQ ETF (QQQ) which have soared by over 10%. Its inflows have jumped to over $55 billion, making it one of the biggest dividend funds in the world. In the past, I have written that, despite its high dividend yield and growth, the generic SPY and QQQ ETFs are better alternatives. As shown below, the SCHD’s total return in the past five years stood at 74% while the SPY and QQQ have jumped by 100% ...
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3M (NYSE: MMM) stock price has rebounded sharply this year even as the company continued facing substantial challenges. It has soared to over $100 and is hovering at its highest point since August 2022. The stock has jumped by more than 47% from its lowest level in December last year. Turnaround continues3M, one of the biggest industrial companies in the United States, has done well this year as the turnaround continues. This has been one of the most expensive turnaround approaches in corporate America. It has agreed to pay $10.3 billion to settle its forever chemicals settlement. These funds ...
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BAE Systems (LON: BA) share price has done well and is sitting at its highest level on record. It has soared to a high of 1,416p, 62% above its lowest point in 2023, meaning that it has outperformed most companies in the FTSE 100 index. Rising global risksBAE Systems stock price has done well, joining other companies of the military-industrial complex like RTX, General Dynamics, and Lockheed Martin. This growth happened as countries in North America and Europe continued boosting their defense spending. In the US, Senator Roger Wicker has made the case of boosting defense spending to 5% of the ...
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Vodafone (LON: VOD) share price has been in a steep meltdown in the past few years as concerns about its growth and huge debt burden continues. It has crashed by over 51% from its highest point in 2017 and is hovering near its lowest swing since 2013. BT Group (LON: BT.A) stock price has also dived hard in the past few years. After peaking at 340p in November 2015, it has plummeted by 62% to the current 129p. These drops have erased billions of pounds worth of value. Notably, an investment in the FTSE 100 index would have yielded a better return than Vodafone and BT Group. BT Group vs Vodafone...
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Alzheimer’s could eventually be a “very big category” for Eli Lilly & Co (NYSE: LLY), says Dr Scott Gottlieb. He’s the former commission of the U.S. Food & Drug Administration. FDA advisors vote in favour of Lilly’s donanemabLilly received backing for its Alzheimer’s drug from a panel of advisors to the FDA on Monday. It’s an “important development for patients” because donanemab is more efficacious and required just one dose per month versus two for a similar drug from Biogen, Dr Gottlieb added in an interview with CNBC today. Still, Biogen has called its Alzheimer’s drug that targets tau pro...
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Apple Inc (NASDAQ: AAPL) is in the red at writing even though it made significant AI announcements on Monday. What you need to know about Apple IntelligenceThe multinational will integrate Apple Intelligence – a set of new tools capable of analysing data as well as generating texts and images across a bunch of its apps. Apple Intelligence is an offering that goes “beyond artificial intelligence” and focuses on “personal intelligence”, Tim Cook – the chief executive of Apple Inc said at the Worldwide Annual Developers Conference on Monday. The generative AI models that power Apple Intelligence ...
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