Ark Invest’s Cathie Wood says lower prices and rates will ‘activate coiled equities’
Ark Invest CEO Cathie Wood believes stocks are ready to spring upward with easing price pressures and lower interest rates on the horizon. “In the fourth quarter, as the Fed’s dot plot began pointing to much lower interest rates, the bull market in equities broadened dramatically,” Wood said in an X post on Thursday evening. “This […]
Exclusive-China’s ByteDance working with Broadcom to develop advanced AI chip, sources say
China’s ByteDance is working with U.S. chip designer Broadcom (NASDAQ:AVGO) on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok’s owner secure sufficient supply of high-end chips amid U.S.-Sino tensions. The 5 nanometre chip – a customised product known as an application-specific integrated chip (ASIC) – […]
Five UK market hotspots to watch ahead of the election
As Britain prepares for a general election in early July, and polls indicate the opposition Labour party could return to power for the first time in nearly 15 years, market analysts are drawing lessons from recent history to work out what to expect. Prime Minister Rishi Sunak’s decision on Wednesday to call a summer election […]