Category: Forex News

The Market News Today: NFP Report Expected to Reveal Decrease in Job Growth

Powell Hints at Potential Interest Rate Cuts Amid Inflation Uncertainty

Federal Reserve Chair Jerome Powell suggested that interest rate cuts could be on the horizon if inflation signals align. While Powell refrained from specifying a timeline, he emphasized the need for confidence in sustainable inflation at 2%. Market expectations have shifted, with forecasts now anticipating the first cut in June and a total reduction of one percentage point by year-end. Despite recent inflation data fluctuations, Powell maintains the Fed’s current policy stance as appropriate. (CNBC)

Europe’s Digital Markets Act Sparks Speculation: Which Tech Giant Will Be First to Fall?

Europe’s Digital Markets Act (DMA) has come into force, ushering in strict new regulations for major tech companies. Apple emerges as a potential target for investigation, with German MEP Andreas Schwab citing the company as “low hanging fruit.” Amid escalating pressure from competitors and regulators, Apple’s recent termination of Epic Games’ developer account underlines the mounting tensions. The DMA aims to foster competition by requiring tech giants to allow alternative app stores and adjust search results, signaling a significant shift in the digital landscape. (Wired)

banner image

Super Micro Computer (SMCI) Emerges as a Strong Contender in the AI Stock Market

While Nvidia continues to dominate the AI stock narrative with its staggering gains, Super Micro Computer (SMCI) has quietly surged ahead, experiencing a remarkable 296% rise in 2024. Fueled by strong financial performance and increasing demand for infrastructure supporting AI chips, Supermicro’s meteoric rise reflects the growing importance of AI-related investments. With its market cap soaring from $5 billion to $63 billion in just a year, analysts foresee further growth potential, backed by favorable industry dynamics and strategic advantages. (CNN)

Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.

Discover more from BIPNs

Subscribe to get the latest posts to your email.