Author: arthursheikin@gmail.com

[ad_1] New York CNN  —  There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank, as the president has suggested he could do. The US dollar index, which measures the dollar’s strength against six major foreign currencies, dropped as much as 0.8% Wednesday morning after reports that Trump was moving closer to removing the Fed chair. CBS News first reported the news. Trump later Wednesday told reporters at the…

[ad_1] Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Nvidia as buy Deutsche raised its price target on Nvidia to $155 per share from $145. “We generally anticipate strong 2Q/3Q reports/guides for companies across our coverage given that the macro/tariff overhang from 1Q has largely dissipated. In theory, this should give companies in our universe improved visibility on end-market demand into the second-half of the year.” Baird reiterates Tesla as neutral Baird said it’s cautious on Tesla ahead of earnings next week. “We see risk to estimates stemming from both 1) full-year volume outlook and 2) potential…

[ad_1] Shares of GDS Holdings may see a boost as artificial intelligence darling Nvidia resumes shipments to China, according to JPMorgan. The firm upgraded the data center stock to overweight from neutral and raised its price target to $46 from $34. That updated target calls for about 22% upside from Tuesday’s closing level. Earlier this week, Nvidia said that it hopes to start deliveries of its H20 general processing units “soon” after the U.S. government assured it that licenses would be granted. The company halted sales back in April after the U.S. government said that it would need a license…

[ad_1] Advanced Micro Devices is a buy ahead of its upcoming earnings report and has room to grow in the next few months, Wells Fargo said on Wednesday. Analyst Aaron Rakers reiterated his overweight rating on the name and increased his price target to $185 from $120. That reflects 18.9% upside from Tuesday’s close. “We think AMD will point to confidence in the trajectory to y/y AMD’s datacenter GPU growth into 2H25,” Rakers wrote in a Wednesday note, adding that such growth will be driven by the ramp up of MI355X chips , which began shipping last month. The analyst’s…

[ad_1] Last November, my live-in partner of five years popped the question. I was stunned and overcome with joy at the unexpected marriage proposal.In the days immediately following, I gleefully perused the websites of bridal stores in Denver looking for wedding gowns.The first time I got married 25 years ago, I remember spending maybe $500 on my cap-sleeve white satin ball gown. Things had apparently changed. The idea of spending thousands of dollars on just the wedding gown alone was preposterous.The second problem was that all the wedding gowns available seemed to be designed for 20-something-year-olds intent on having lavish…

[ad_1] The US is falling behind in the global tech race, and former Intel CEO Pat Gelsinger said a sovereign wealth fund could be the country’s best shot at catching up.In a Wall Street Journal op-ed published Tuesday, Gelsinger endorsed President Donald Trump’s proposal to create a US sovereign wealth fund, calling it “the country’s best tool” to secure American leadership in critical technologies like semiconductors, artificial intelligence, and quantum computing.”Washington’s haphazard approach to fueling national competitiveness and strategic industries isn’t cutting it,” he wrote. “Trump’s proposed sovereign wealth fund could secure American leadership.”Gelsinger, now a general partner at Playground…

[ad_1] JPMorgan Chase could have even more room for growth following its latest quarterly report , according to Wells Fargo. Analyst Mike Mayo, who has an overweight rating on the “best-in-class” bank, raised his price target to $325 from $320. The increase implies more than 13% upside from Tuesday’s close. Mayo’s target change comes after the big U.S. bank reported second-quarter revenue of $45.68 billion, beating the LSEG consensus estimate of $44.06 billion. Noting a rise in investment banking activity over the course of the quarter, the bank also hiked its forecast for full-year net interest income – a measure…

[ad_1] CNN  —  US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, and the annual rate of wholesale-level inflation slowed 2.3%, staying lower in part because of base effects (as the year-ago period experienced higher inflation). “Tariffs are raising prices of manufactured goods, but wobbly demand kept broader…

[ad_1] New York CNN  —  Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role. The abrupt change comes amid sluggish sales across the alcohol industry, which has also affected Diageo brands Johnnie Walker whiskey, Casamigos tequila and Guinness beer, as well as the threat of increased tariffs from the United States. In a press release, the London-based company said Crew is leaving with “immediate effect.” Nik Jhangiani, Diageo’s chief financial officer, will become the interim CEO as Diageo conducts a “comprehensive” search process. Sir…

[ad_1] This as-told-to essay is based on conversations with Michael McCready, 56, a lawyer who moved from Chicago to San Juan, Puerto Rico, in January. The conversation has been edited for length and clarity.I’ve been a personal injury lawyer in Chicago for 30 years, and on January 1st, my wife and I relocated to Puerto Rico permanently as residents.What got us to that point was I’m 56, and we started talking about me being out of the active practice of law at 60 and traveling. My wife said we still need a home base. That was the main impetus for…