Are markets too creative? – NBC 7 San Diego

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marketplace file highest
The S&P 500 and Nasdaq Composite ended the consultation at all-time highs as buyers waited for inflation data to evaluate the US financial coverage path. Apple continued its winning streak with a record 5th consecutive win and Nvidia also saw gains. On the other hand, the Dow Jones Commercial Moderate declined relatively. Yields on the 10-year Treasury were little changed, as US oil prices fell as Tropical Storm Beryl made landfall.

elliot proxy combat ultimatum
Activist investor Elliott Controls has threatened a proxy war with Southwest Airways, except after its board voted yes to a barter management adjustment. Elliott wants to oust CEO Bob Jordan and government chairman Gary Kelly, citing poor performance and cultural problems. The investor claims that the board’s recent moves, including adopting a poison pill and expanding the board, are “infiltration moves”. The time is clear for collaboration, with Elliott planning to give shareholders a stake in the leadership change if the board becomes more unresponsive.

Corning’s AI Pop
Corning’s book rose 12% on Monday, its biggest jump since March 2020, after the company raised its second-quarter forecast. Corning attributed the expansion to growing demand for its Vision Connectivity merchandise, which aids generative AI networks. “We have used new fiber, new cables, new connectors and new custom integrated optical solutions to dramatically reduce installation costs, overall time and space and carbon footprint,” Corning CEO Wendell Weeks said on CNBC’s “Squawk Box.” Invented.”

Germany’s Bitcoin sold
The German executive is promoting the use of Bitcoin to the tune of millions of dollars, contributing to the cryptocurrency’s contemporary value. Police in the Japanese German state of Saxony seized approximately 50,000 bitcoins in mid-January, with the seizure amounting to approximately $2.2 billion. Despite promoting the use of Bitcoin to the tune of $379 million in recent weeks, Germany’s Federal Legal Police Office still holds approximately 32,488 Bitcoins – worth about $1.9 billion at today’s prices.

Japan shares accident file top
Japan’s export-heavy Nikkei 225 as well as the broader Topix crash hit record highs amid broader gains in Asia-Pacific markets. Australia’s S&P/ASX 200 received a boost in industry confidence in June, in line with Nationwide Australia Storehouse. South Korea’s Kospi is on the rise. Hong Kong’s Grasp Seng index and mainland China’s CSI 300 rose 0.1% and minus.68%, respectively.

(Pro)AI bottleneck
The information center is an obstacle to development and the energy transition that could hinder expansion in AL and hinder efforts to overcome dependence on fossil gasoline. Listed below are some of the analysts’ thoughts on how the game will play out in the region.

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As the S&P 500 continues to surge, hitting its 35th record top this year, John Stoltzfus, chief investment strategist at Oppenheimer, has raised his S&P 500 target to 5,900 – the second-highest target on Wall Side Road. But, a way to give warning is being prepared. Goldman Sachs dealer Scott Rubner is on alert for a market correction. They believe that the market, along with them, is highly creative.

Rubner is not obnoxious in his views. An increasing number of traders are making large investments in synthetic intelligence. Roger McNamee, managing director of Elevation Partners, warned that buyers will want to find a “safe place to land” because maximum use of AI will not justify the investment.

McNamee said, “I think Microsoft is investing about $10 billion a month in data centers and the industry is investing about $15 billion. We need about $600 million to justify this amount of investment. Requires revenue of Rs. ,

“We’re making assumptions about what this technology can do, which we haven’t proven, and we’re applying it in places where it might not work. If that’s true, then the hysteria is over.” “That’s going to happen, and there’s going to be huge impacts on all the biggest stocks, the S&P 500.”

Ed Yardeni, president of Yardeni Analysis, described the market as a “slow melt.” Traders Yardeni said it seems likely that the Fed would temporarily lower interest rates if the economy slows significantly or enters a recession.

Additional clarity on market direction could come this hour, with Federal Reserve Chairman Jerome Powell set to testify before Congress on Tuesday and Wednesday, and the most important inflation information coming on Thursday, which will undoubtedly be interest rate news. Affecting expectations.

Former Dallas Fed President Robert Kaplan expects the Fed to lower rates in September.

“If I were sitting in my former seat, I would be getting ready to cut rates in September,” Kaplan said on CNBC’s “Squawk Box” on Monday. “I wouldn’t make any commitments between now and then, but I think they are in a position to cut rates in September, and they will consider it one meeting at a time.”

— CNBC’s Jeff Cox, Brian Evans, Piya Singh, Scott Schnipper, Katie Bartlett, Ryan Brown, Fred Imbert, Spencer Kimball, Rohan Goswami, Weizen Tan and Li Ying Shan contributed to this document.