Stock Market Surges Again. The Fed Might Be Fueling a Bubble.
Was the Federal Reserve’s hawkish guidance a gift to those who agreed to a rate pause? Whatever the case, the market didn’t buy the tough talk.
Source: marketwatch.com
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Nvidia market cap tops $1T
Nvidia's push into AI has helped catapult shares of the chipmaker to a new milestone, giving it a market value of over $1 trillion joining just a handful of other tech giants.
Source: foxbusiness.com
Nvidia CEO says companies, people who take advantage of AI will benefit
Nvidia CEO Jensen Huang delivered the commencement address at National Taiwan University and discussed the importance of learning to use artificial intelligence.
Source: foxbusiness.com
Treasury to run low on cash by June 8 or 9 unless debt limit raised: Goldman Sachs
A pair of Goldman Sachs economists wrote that the Treasury is likely to run out of the funding needed to pay federal bills by June 8 or 9, although cash could run low sooner.
Source: foxbusiness.com
Yellen says odds of US paying all its bills by June 15 is 'quite low' as debt ceiling deadline looms
With Republicans and Democrats at a standstill on the debt ceiling, Treasury Secretary Janet Yellen said June 1 is a hard deadline for a deal.
Source: foxbusiness.com