Bank of America Securities’ Savita Subramanian is the most bullish on stocks in at least 10 years. According to the firm’s head of U.S. equity and quantitative strategy, the macro backdrop is reenergizing key groups that have been overshadowed by Big Tech gains and excitement surrounding artificial intelligence. “We’re at…

U.S. President Joe Biden referred to Chinese President Xi Jinping as a dictator in comments underscoring the tricky balance of managing ties with an assertive global rival while appealing to domestic audiences as he seeks re-election.Biden’s comment at a Tuesday fundraiser comes just a day after Secretary of State Antony…

Sen. Bernie Sanders on Tuesday launched a Senate investigation into working and safety conditions at Amazon warehouses, adding to federal scrutiny on the labor practices of one of the country’s largest employers. Sanders, the chairman of the Senate committee on health, education, labor and pensions, also unveiled a website where…

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Bitcoin’s ascent towards the critical resistance level of $27,000 has hit a roadblock, as the cryptocurrency struggles to break above this key level.The recent price action has resulted in the formation of an inverted hammer candlestick pattern, signaling potential selling pressure. If Bitcoin fails to cross above the $27,000 mark, it…

This is a follow-up to the April 24th article: “Are Asset Managers Still Short?” The April article pointed out that dealers in S&P 500 stock futures were long by 58%, which strongly suggested prices were about to move higher. That proved correct. This article will update the numbers. Dealers Short…

As Brazil prepared to hold a presidential election last October, many governments around the world viewed the vote with a mounting sense of foreboding. The far-right incumbent, Jair Bolsonaro, was openly flirting with subverting the country’s democracy. He attacked the electoral process, claiming that the electronic voting machines used by Brazilian…

The plea deal likely to spare Hunter Biden a jail term will only fuel Republican Party fervor to purge the Justice Department – already a driving issue in the 2024 campaign as ex-President Donald Trump portrays himself as a victim of political persecution. Top GOP leaders reacted with predictably orchestrated…

Artificial intelligence is the new next big thing, and everyone wants a piece of the action, no matter how big a stretch it is. Take Kroger (ticker: KR). The grocer mentioned AI eight times during its conference call this past Thursday, after mentioning it zero times during its previous one…

Nothing can stop the stock market—not even the Federal Reserve. Don’t expect the rally to stop here. If investors wanted an excuse to take money off the table this past week, they got one. On Wednesday, the Fed announced a pause in its interest-rate increases, as expected, with one very…