John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. Chambers, who is also the founder and CEO of JC2 Ventures, said that AI will not only … Read more
The Marriner S. Eccles Federal Reserve Building during a renovation in Washington, DC, US, Tuesday, Oct. 24, 2023. Valerie Plesch Bloomberg | Getty Images Federal Reserve officials appear to have “no idea” what’s going on when it comes to the US inflation outlook, according to Julian Howard, chief investment officer for multi-asset solutions at GAM. … Read more
Some young retirement savers say they can raid their 401(k) accounts to buy a home. However, this could be to their detriment, experts warn. Nearly a third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to finance a purchase, according to the Real Financial Progress Index from BMO Financial … Read more
Here are the most important news investors should start their trading day: 1. Data keeps circulating Shares rose on Tuesday S&P 500 AND Nasdaq Composite closed with new records, again. The broad index rose 0.25% while the Nasdaq rose 0.22% and the Dow climbed 0.17%. Investors are eagerly awaiting Nvidia’s earnings report on Wednesday. “People … Read more
Marks & Spencer shares rise as the British retailer posts a 58% annual profit rise. Shares in Marks & Spencer rose on Wednesday, hitting levels last seen in early 2018, according to LSEG data. The company’s shares were last up 7.3% at 10:59 a.m. London time. Stock chart iconStock chart icon Marks and Spencer The … Read more