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Growth stocks suffered in 2022 amid the skyrocketing inflation and consecutive rate hikes. Last year also saw value stocks strengthening over growth stocks. However, this provides the opportunity to scoop up high-growth stocks, Gilead Sciences, Inc. (GILD), Jazz Pharmaceuticals plc (JAZZ), and Masonite International Corporation (DOOR), at great prices. A bear market doesn’t last forever, […]

2022 was a brutal year for the cryptocurrency market due to several setbacks, including geopolitical tensions and global macro headwinds. The failure of stablecoin terraUSD, liquidity issues across the crypto market, and the dramatic collapse of the crypto exchange FTX dampened investor sentiment about cryptocurrency, dragging down major digital currencies. Overall, the crypto market lost

The January Consumer Price Index (CPI) rose 6.4% year-over-year, exceeding the Dow Jones estimate of 6.2%. In addition, the significant retail sales growth of 3% and the hotter-than-expected labor market adding 5,17,000 jobs have accelerated the pressure on the Fed to keep higher rates for some time. Goldman Sachs Group Inc. (GS) and Bank of

Despite the macroeconomic headwinds, Finland-based leading network solution provider Nokia Oyj (NOK) delivered a strong full-year performance. Its fiscal year 2022 net sales grew 6% year-over-year in constant currency, driven by growth across all four business groups, with particular strength in Network Infrastructure, which grew 10%. NOK’s fourth-quarter comparable operating profit rose to €1.15 billion

The electric vehicle (EV) industry’s growth over the past few years has been driven by strong demand, favorable government policies and funding, and rising fuel prices. Last year, automakers sold 807,180 fully electric vehicles (EVs) in the U.S., up 3.2% year-over-year, according to year-end figures released by market research firm Motor Intelligence. However, increasing borrowing

The pharmaceutical industry was in the spotlight during the past few years due to the pandemic as companies rushed to develop therapies and vaccines. Moreover, the industry has seen significant growth in various areas in the last decade, aided by research and development. According to an IQVIA Institute estimate, total spending and global demand for

The total industrial production in January rose 0.8% from its year-earlier level. Also, manufacturing output increased by 1%, and mining output rose by 2% after two months of substantial decreases for each sector. Increasing demand for operational excellence across the industrial sectors and the rising adoption of various technologies should help the global industrial services

The global crude oil demand is set to surpass its 2019 peak of 100.5 million barrels a day. International Energy Agency (IEA), the Paris-based energy watchdog, said in a monthly report that it expects oil demand to grow to a record 101.9 million barrels a day this year. Emergent and resurgent Asian economies, such as

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