U.S. GDP growth slows, falling short of forecasts
The U.S. economy's growth rate, measured by the Gross Domestic Product (GDP), has seen a slight decrease, according to recent data. The GDP, which is the broadest measure of...
The U.S. economy's growth rate, measured by the Gross Domestic Product (GDP), has seen a slight decrease, according to recent data. The GDP, which is the broadest measure of...
New York, NY, October 30th, 2024, Chainwire Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch...
Grand Cayman, Cayman Islands, October 30th, 2024, Chainwire Ika, the world’s fastest parallel MPC network, formerly known as dWallet Network, today announced their launch on...
WASHINGTON (Reuters) - U.S. private payrolls growth surged in October, despite fears of temporary disruptions from hurricanes and strikes. Private payrolls increased by 233,000...
The ADP National Employment Report, a key metric of non-farm, private employment in the United States, has posted a significant increase, according to the latest data. The report,...
BERLIN (Reuters) - German inflation rose more than expected in October, to 2.4%, preliminary data from the federal statistics office showed on Wednesday. Analysts polled by...
The US economy grew at a slower than expected rate in the third quarter despite signs of waning inflationary pressures and solid wage gains. In a release only days...
-- Bitcoin rose on Wednesday and was within spitting distance of record highs as positioning around the upcoming presidential election spurred sharp gains across...
As the so-called "Magnificent Seven" tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU). He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO). "There's more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends," Mahn tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
The U.S. economy's growth rate, measured by the Gross Domestic Product (GDP), has seen a slight decrease, according to recent data. The GDP, which is the broadest measure of...