In September, Federal Reserve Chair Jerome Powell warned investors that stocks were expensive, but the S&P 500 (SNPINDEX: ^GSPC) has since added about 3%. Not a substantial return, but large enough to say the market has brushed aside the warning to some degree. However, recent studies suggest President Trump's tariffs will slow economic growth, despite his assurances to the contrary. High valuatio...
In September, Federal Reserve Chair Jerome Powell warned investors that stocks were expensive, but the S&P 500 (SNPINDEX: ^GSPC) has since added about 3%. Not a substantial return, but large enough to say the market has brushed aside the warning to some degree. However, recent studies suggest President Trump's tariffs will slow economic growth, despite his assurances to the contrary. High valuations alone could cause stocks to drop, but the market could fall sharply (or even crash) if tariffs become a material headwind for the economy. Here's what investors should know. Continue reading
Thousands of households across three Hong Kong estates suffered a water disruption on the first day of Lunar New Year, with further repair work in Sau Mau Ping still underway on Wednesday evening. A freshwater pipe serving the lower levels of Hei Wah House, Lok Wah South Estate in Sau Mau Ping, burst at 8pm on Tuesday, leading to a disruption to water supply for 216 households, according to the Ho...
Thousands of households across three Hong Kong estates suffered a water disruption on the first day of Lunar New Year, with further repair work in Sau Mau Ping still underway on Wednesday evening. A freshwater pipe serving the lower levels of Hei Wah House, Lok Wah South Estate in Sau Mau Ping, burst at 8pm on Tuesday, leading to a disruption to water supply for 216 households, according to the Housing Authority. The affected homes were located from the second to the seventh floors of the...
Colin Thompson/iStock via Getty Images By James Smith , Developed Markets Economist, UK The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut. Headline inflation is down from 3.4% to 3.0% in January, largely as expected. It's a consequence of a seasonal fall in airfares, lower fuel prices and the impact of last year's ...
Colin Thompson/iStock via Getty Images By James Smith , Developed Markets Economist, UK The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut. Headline inflation is down from 3.4% to 3.0% in January, largely as expected. It's a consequence of a seasonal fall in airfares, lower fuel prices and the impact of last year's private school VAT change dropping out. Most importantly, though, food inflation is down sharply – from 4.5% to 3.6%. That’s roughly inline with BoE forecasts, but it should help the hawks become a little more relaxed about the upside risks to inflation. A big concern last year was that higher food inflation would spark a much wider and more persistent bout of price pressure. Those concerns now look overblown. But services inflation was stickier than expected in January. Importantly, that’s not really because of quirks like airfares or holidays. In fact, we calculate that the Bank's preferred measure of 'core services' inflation nudged up from 4.0% to 4.3% once volatile and indexed items are excluded. Catering – often seen as the archetypal service-sector category, one that’s driven by underlying economic demand – has nudged a little higher over the past couple of months. Services inflation is proving sticky Source: Macrobond, ING Nothing here is a game-changer for the Bank. The views of doves and hawks alike are being driven by bigger-picture, structural thinking right now. One inflation report isn’t going to shift those views dramatically. Weakness in the jobs market , coupled with falling wage growth, is probably a more important consideration right now. The bigger test comes in April. We still think inflation will temporarily dip below target to 1.9% before settling around 2% through the summer. That’s down to a whole raft of things, but notably lower energy costs and less aggressive water bill increases. If we’re right, that should go some way to making the committee a...
(RTTNews) - Asian stocks rose in thin holiday trade on Wednesday as Iran-U.S. nuclear talks showed progress, Japan clocked a smaller-than-expected trade deficit in January, and Reserve Bank of New Zealand Governor Anna Breman reinforced the central bank's "accommodative for some
(RTTNews) - Asian stocks rose in thin holiday trade on Wednesday as Iran-U.S. nuclear talks showed progress, Japan clocked a smaller-than-expected trade deficit in January, and Reserve Bank of New Zealand Governor Anna Breman reinforced the central bank's "accommodative for some
ToucanStudios/E+ via Getty Images Intro Alkami Technologies ( ALKT ) has been in free fall over the past year. The SaaSpocalypse, the AI-fueled software sell-off, has been brutal and the selling indiscriminate. While some software stocks do face existential risks, Alkami appears to be insulated from the threats that AI poses. Alkami appears to be an example of throwing out the baby with the bathwa...
ToucanStudios/E+ via Getty Images Intro Alkami Technologies ( ALKT ) has been in free fall over the past year. The SaaSpocalypse, the AI-fueled software sell-off, has been brutal and the selling indiscriminate. While some software stocks do face existential risks, Alkami appears to be insulated from the threats that AI poses. Alkami appears to be an example of throwing out the baby with the bathwater, which happens when an entire sector sells off. Alkami is a cloud-based digital banking software provider that helps legacy banks and credit unions modernize their operations to appeal to younger customers. AI adoption in the finance sector faces regulatory hurdles that bar “vibe coded” software solutions from being implemented. Compliance measures mean that AI integration in banking is likely to come through existing software that is already compliant. This is what makes the sell-off so head-scratching. Alkami has best-in-class metrics of 30% revenue growth, 96% subscription revenue, and 113% net retention rate, yet it is trading at a 2026 FWD P/E of just 17 times. I am not the only one that has noticed the valuation disconnect. Activist hedge fund Jana Partners has recently built up a position in the company and started pressuring the board to explore a sale. Other insiders have jumped on board and the company has since hired a strategic advisor to help it navigate a sale to private equity or a legacy competitor. Jana Partners has a record of taking active positions and forcing strategic sales that are shareholder friendly. The company reports earnings on February 25th, and they will certainly have to address the “strategic review” rumors. I rate Alkami a strong buy given the likelihood of an implied 25% to 30% M&A premium from current price levels. In the case that a deal is not made, the company still presents an asymmetrical bet on legacy financial institutions upgrading their digital banking solutions to the cloud. The Market: Credit Unions and Banks Gen Z is the ...
德国芯片制造商英飞凌科技首席执行官向《商报》（Handelsblatt）表示，公司已做好充分准备，将从未来人形机器人所用微芯片的市场爆发中受益。 报道援引英飞凌 CEO 约亨・哈内贝克周三的话称： “这有望成为一个如同当下 AI 数据中心高性能半导体一样的增长型市场。” 他补充道，英飞凌目前已可生产多款用于人形机器人的微芯片，部分原因在于其现有的自动驾驶业务积累，所需的内部新技术开发投入有限。 责...
德国芯片制造商英飞凌科技首席执行官向《商报》（Handelsblatt）表示，公司已做好充分准备，将从未来人形机器人所用微芯片的市场爆发中受益。 报道援引英飞凌 CEO 约亨・哈内贝克周三的话称： “这有望成为一个如同当下 AI 数据中心高性能半导体一样的增长型市场。” 他补充道，英飞凌目前已可生产多款用于人形机器人的微芯片，部分原因在于其现有的自动驾驶业务积累，所需的内部新技术开发投入有限。 责任编辑：郭明煜
The decline in the number of Chinese visitors to Japan accelerated in January, fuelling the first monthly drop since Covid-19 restrictions were lifted, offering the clearest sign yet of economic fallout from tensions between the countries. Arrivals from China shrank 61 per cent in January from a year earlier, compared with a 45 per cent decline in December, the Japan National Tourism Organization ...
The decline in the number of Chinese visitors to Japan accelerated in January, fuelling the first monthly drop since Covid-19 restrictions were lifted, offering the clearest sign yet of economic fallout from tensions between the countries. Arrivals from China shrank 61 per cent in January from a year earlier, compared with a 45 per cent decline in December, the Japan National Tourism Organization (JNTO) said on Wednesday, citing a shift in the timing of the Lunar New Year holiday and warnings...