Wall Street is hot on quantum computing stocks, but Google's quantum chip does not actually possess computing power.
Google unveiled its new "quantum chip" Willow this Tuesday, causing its parent company Alphabet and related Stocks to surge significantly this week. However, Analysts indicate that quantum computing is still a long way from any commercial use and advise investors not to get overly excited due to the recent rise.
Mortgage Rates Drop Present Opportunities For Homebuilders
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Flushing Financial Corporation Announces $70M Common Stock Offering
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Vir Gets FDA Breakthrough Therapy Status for Two Drugs
Andersons Increases Dividend by ~3% to $0.195
Thursday Ends in Index Declines | Wall Street Today
Redwood Trust, Inc. 10% FXD RT PFD A Declares $0.625 Dividend
DHT Holdings Enters Agreement To Sell The DHT Scandinavia, A 2006 Built VLCC, For $43.4M
CoStar Group Partners With EXp Commercial To Provide Its Advisors With Access To The Leading Global Real Estate Data And Analytics Platform
Blend Labs Announces Partnership With Onity Group's PHH Mortgage To Bring A New Level Of Efficiency And Simplicity To PHH's Home Lending Operations
Corcept Announces Primary Endpoint Met In Treatment Phase Of CATALYST Trial In Patients With Hypercortisolism And Difficult-To-Control Diabetes
WD-40 Appoints Eric P. Etchart As Chairman Of The Board
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Under pressure from the threat of Trump's trade war? Canada is considering imposing tariffs on Uranium, oil, and potash as retaliation.
Canada is the largest external source of oil supply for the USA and also the largest external source of Uranium for USA nuclear power plants. The potash produced in the western provinces of Canada is an important source of fertilizer for USA farms. The media reports that imposing export taxes on these Commodities is Canada's most desperate choice, and Canada is more likely to impose retaliatory tariffs on imported USA-manufactured goods, as well as implement export controls on certain Canadian products.
Bank Stocks Slip After CFPB Finalizes Overdraft Fee Rule
Egg Hyperinflation Could Spike Grocery Prices: Why Cal-Maine, Vital Farms Are Soaring