Investing.com — {{0|Piper Sandler}} analysts said in a note Friday that Apple (NASDAQ:)’s latest technology, Apple Intelligence, will not trigger a super cycle in handset demand during the 2024 holiday season. As a result, the firm believes it limits the potential upside for companies within the radio frequency (RF) supply chain. “We do not believe that
Investing.com– Bitcoin’s rose slightly on Friday, while broader crypto prices retreated as appetite for risk-driven assets remained weak amid uncertainty over a tight U.S. election and high interest rates. The world’s biggest cryptocurrency was also set for weekly losses after it failed to cross a key level this week, amid a dearth of major positive
Investing.com — Bank of America strategists said inflows to gold funds reached $3.1 billion last week, marking the largest weekly inflow since July 2020 as investors hedge against inflation and the political populism expected around the upcoming US presidential election. Cash flows were also strong, with a $33.5 billion increase over the past week, the
Investing.com — Analysts at KeyBanc have downgraded their rating of Apple (NASDAQ:) to “Underweight” from “Sector Weight,” citing worries over sales of the tech giant’s flagship iPhone device. In a note to clients, KeyBanc analysts Brandon Nispel noted that a survey conducted by the investment bank showed demand for the lower-cost iPhone SE is “not purely
Investing.com — Citi strategists maintained an Overweight rating on US stocks despite potential risks stemming from the upcoming presidential election. The bank notes that the US economic data has been positive heading into the election, highlighting a generally upbeat post-payrolls environment, with data frequently exceeding forecasts. However, Citi cautions that election-related uncertainties are growing more
Investing.com — US stock futures were muted on Friday as investors assessed a string of corporate earnings and looked ahead to more quarterly results. A US judge blocks a multi-billion dollar merger between luxury groups Tapestry (NYSE:) and Capri (NYSE:), handing a victory to federal regulators who had sued to keep the deal from moving ahead.
Investing.com– Most Asian stocks were rangebound on Friday amid a dearth of immediate trading cues, while Japanese shares sank in anticipation of a hotly contested general election set to take place this weekend. Sentiment towards Japan was also rattled by repeated warnings on potential currency market intervention by the government, as the yen neared three-month
