The recent NFP jobs report shows a different reality than what this other major report suggests. The last time this happened, the number of jobs was revised downward.
Nonfarm payrolls data came in hotter than expected, bolstered by other labor market indicators that suggest the FOMC won’t cut interest rates this year. The overall figure was more than double what was expected; unemployment fell to 4.1% and wages rose about 4%. Rising employment and wages signal that one Fed mandate has been met, … Read more
Nuclear energy stocks have been all the rage in 2024 as investors look to profit from companies driving the artificial intelligence revolution. However, the market is running out of reasonable places to look in this area. Hyperscalers are quickly gobbling up the excess nuclear power capacity that American companies have to offer. Companies like Constellation … Read more
Semtech today $66.57 +1.42 (+2.18%) (As of 10:58 a.m. ET) 52 week range $18.16 ▼ $70.27 Target price $68.70 Semtek company. NASDAQ: SMTS manufactures analog and mixed chips that provide optical data transmission, readout and advanced high-speed communications solutions. Its products are used in consumer electronics, infrastructure, industrial applications, data centers and Internet of Things … Read more
It may come as a surprise to some that, generally speaking, semiconductor stocks have underperformed in 2024. The PHLX Semiconductor Index, a widely used measure of semiconductor industry performance, has gained 21% this year. This is significantly less than the S&P 500’s total return of 28%. In addition, 36 of the 70 largest companies in … Read more
The artificial intelligence (AI) revolution and the recovery of cloud computing are driving the growth of data centers around the world. Existing data centers are furiously upgrading their systems to handle AI workloads, while new data centers are being built with AI deployment in mind. These AI data centers come online, prepared for AI workloads … Read more
In the world of high-stakes football predictions, everyone is looking for the edge. But traditional methods—gut feeling, team loyalty bias, or a record of wins and losses—just don’t cut it anymore. If you’ve noticed, today’s best prediction players have one thing in common: they’re backed by them Big Data. Imagine this: Thousands of data points … Read more
The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed. Using large language models (LLMs) to improve efficiency, improve customer service, and improve decision-making has been part … Read more
A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to effectively use data can be a game-changer in mitigating risk and protecting financial institutions. According to … Read more
Ally, an online financial services company with a popular bank, is facing two lawsuits after a data breach may have exposed customers’ personal information. One complaint alleges thousands of people were affected, while another claims that “billions” of items of personally identifiable information (PII) — including Social Security numbers — were exposed. In a Tuesday … Read more