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“It’s a question of when they cut, not if,” said Niladri “Neel” Mukherjee, chief investment officer of TIAA Wealth Management. Dave & Buster’s Entertainment sank 10.5 per cent after reporting worse drops in profit and revenue for the latest quarter than expected, citing a “complex macroeconomic environment” among other reasons. Other companies have recently been detailing a split among their customers, where lower-income households are struggling to keep up with still-high inflation.
Broadcom’s stock price has jumped so high, to nearly $US1700 , that it will soon give nine shares for every one that investors already hold in hopes of lowering the price and making it more affordable. It follows a similar move by Nvidia, which has become the poster child of the AI rush and seen its total market value top $US3 trillion .
Most Fed officials are penciling in either one or two cuts to interest rates this year, and traders are hopeful they can begin as soon as September, according to data from CME Group. Such cuts would ease the pressure on the economy and give a boost to all kinds of investment prices.
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