US Stocks Recover, Tech Rebounds Ahead Of Fed Cut
Is the Fed going to take major action soon? The market is betting on a 50 basis point rate cut, and technology stocks and junk bonds are celebrating!
This week, enthusiasm in the technology, cryptos, and junk bonds markets has once again heated up, boosting the confidence of fund managers, as they expect policymakers to potentially rare cut interest rates by half a percentage point.
Being indecisive and deceptive? Microsoft is accused of holding up the carbon reduction flag while selling AI products to energy giants.
As a Silicon Valley giant, microsoft has been establishing its eco-friendly role and in recent years, as a leader in the AI industry, continuously promoting how to use AI to "accelerate carbon reduction". However, media reports that this move by microsoft is "quite hypocritical", because microsoft is also selling AI technology to many fossil energy companies, including exxon mobil and chevron, helping them use AI to develop new oil & gas fields and maximize production.
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