US consumer sentiment lost momentum in November, as the Conference Board’s Consumer Confidence Index fell to 88.7 from a revised 95.5 (from 94.6), curtailing the previous recovery.
Key PointsNvidia remains the leader in AI infrastructure.Broadcom has a big opportunity in front of it with custom AI chips.Growing its share of the huge GPU space would be a big g
The Japanese Yen (JPY) is outperforming all G10 currencies as markets revive expectations of a December BoJ rate hike, driven by domestic pressures and growing calls to tackle inflation, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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The Pound Sterling (GBP) is slightly stronger as traders await Wednesday’s UK budget, with much pessimism already priced in and rising odds of a near-term relief rally, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) strengthens against the US Dollar (USD) on Tuesday as the Greenback retreats after a batch of softer-than-expected US economic data weighed on sentiment, helping the Euro stage a sharp rebound to five-day highs.
Key PointsIts AI revenue rose an impressive 68% year over year to $42 million in the third quarter.Despite sales growth, the company's stock is well off its 52-week high of $24.98.
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Aave (AAVE) rises slightly to trade at around $179 at the time of writing on Tuesday. Bulls are extending the four-day recovery that began from the $147 support level established on Friday.
Key PointsU.S. stocks are trading at historically high valuations.Investors should increase their exposure to cheap overseas stocks.Vanguard’s Total International Stock ETF represe
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The Euro (EUR) is entering Tuesday’s NA session with a modest 0.1% gain as it continues to trade within a tight consolidation range just above last week’s low around 1.15, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Key PointsApple has an unparalleled lineup of tech devices.Amazon is the dominant leader in two growth industries.Alphabet has a lead in search that's unmatched in other industries
The Canadian Dollar (CAD) is marginally lower on the session, in line with its commodity peers as risk appetite remains soft, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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The US Dollar (USD) is trading mixed to slightly softer overall against the major currencies.
Naver Financial, the South Korean internet giant, has officially announced plans to launch a stablecoin wallet service next month. The company is developing it in collaboration with the blockchain investment firm Hashed. The wallet is dubbed “Silk Pocket.” In addition to Naver Financial and Hashed, the Busan digital exchange has also contributed to its development. […]
Key PointsYou can tap into the tech sector's largest trends like AI via the Vanguard Information Technology ETF. Buy Vanguard's S&P 500 index fund to own one of Warren Buffett's ke
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Key PointsQuantumScape is working on electric vehicle (EV) technology that matters.It’s not the only company doing so, however.Don’t read too much bullishness into QuantumScape’s r
Key PointsBuffett's close relationship with Bill Gates caused him not to invest in Microsoft.Microsoft has grown to become the world's third-most-valuable public company.10 stocks