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Inflation eased for the seventh consecutive month in January on an annualized basis. The Consumer Price Index rose 0.5% over the month and 6.4% year-over-year. The sequential rise in inflation follows the hotter-than-expected jobs data in January. After raising the benchmark interest rates eight times since last year, inflation has shown signs of cooling. Fed […]

As investors have been feeling pinched between elevated prices and the Fed’s enduring battle to slow the economy over the past year, the central bank’s aggressive rate hikes have managed to slow price rises in recent months. The Consumer Price Index (CPI) rose 6.4% in January, down slightly from an annual rate of 6.5% in

Software stock Salesforce, Inc. (CRM) has gained 14.4% over the past month. Moreover, it has gained 8.5% over the past three months to close the last trading session at $171.08. The company registered solid gains after activist investor Elliott Management Corp (Elliott) made a multi-billion-dollar investment in CRM. Jesse Cohn, the managing partner at Elliott,

Finland-based network solution provider Nokia Oyj (NOK) beat quarterly operating profit expectations in the fourth quarter that ended in December 2022. Moreover, the company forecasts 2023 full-year net sales between €24.90 billion ($26.62 billion) and €26.50 billion ($28.33 billion), which implies growth between 2% and 8% in constant currency. NOK ended 2022 on a solid

The stock market provides wealth creation opportunities regularly. The market started the year positively on the back of improving macroeconomic data. However, many wealth-creation opportunities still exist as several high-quality stocks are available at a discount after a difficult 2022. Pharma major Pfizer Inc. (PFE) ended 2022 on a solid note, with its EPS beating

After a miserable 2022, stocks have surged significantly since the start of this year as investors believe that inflation will continue to cool and the economy could avoid a recession. The Nasdaq Composite is up nearly 13% this year after posting its best January in over 20 years. After seeing progress in its fierce battle

The Federal Reserve raised its benchmark interest rate by a quarter percentage point recently, which indicated that it is seeing progress in its battle with inflation. This came after a series of outsized rate increases over the last year. While inflation is cooling, it is still far from the Fed’s target. In addition, the January

Last year has been difficult for the stock market, filled with challenges like the war between Ukraine and Russia, supply chain constraints, inflated crude oil prices, high inflation, and the Fed’s aggressive interest rate hikes. Inflation touched multi-decade highs last year, prompting the Federal Reserve to increase the benchmark interest rate aggressively. Last week, the

Investors have faced challenges over the past year as the economy has been plagued by geopolitical tensions, high inflation, and the Fed’s aggressive interest rate hikes. The Fed has increased the benchmark interest rate eight times since last year, with the most recent being a quarter of a percentage point hike last week. The aggressive

Growth stocks were hammered last year due to macroeconomic and geopolitical headwinds. However, they are expected to stage a recovery this year as interest rate hikes slow in response to cooling inflation, and the economy might achieve a soft landing. Last week, the Fed raised interest rates by 25 basis points (bps), a slowdown from