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26 Broker-dealers to Pay $393M Under SEC Settlement on Recordkeeping Violations
'Modest Earnings Growth' Forecast at Canadian Banks Through 2025: Fitch
After the hot AI stocks cooled off, the bulls saw some opportunities.
Skeptics have long warned that there's a bubble in AI-adjacent stocks, but now that some of the froth has cleared, the bulls see opportunities. Stocks of hardware and infrastructure producers for AI, including Dell Technologies, Super Micro Computer Inc., ARM Holdings Plc. and Nvidia, have faced huge selling pressure in recent months, bringing their valuations back to reasonable levels. Additionally, most of their big customers plan to continue spending billions of dollars on AI, leading some to say it's time to selectively re-enter the AI space. "The volatility of AI stocks is definitely... "
3 TSX Dividend Stocks Yielding Up To 6.7%
The Singapore dollar has hit a new high in 2024, driven by expectations of relatively tight policies.
The Singapore dollar against the US dollar has expanded its momentum, reaching a new high since 2024. Market expects the Monetary Authority of Singapore to maintain a relatively tight monetary policy compared to the Federal Reserve, which is bullish for the Singapore dollar. On Wednesday, the Singapore dollar against US dollar rose 0.1% to 1.3163 Singapore dollars per US dollar, reaching the highest level since December 28. In July, the Singapore dollar had the largest monthly increase since November 2023, which is the third best-performing currency in Asia this year, only behind the Malaysian Ringgit and the Hong Kong dollar. It is expected that the Monetary Authority of Singapore will not loosen its policy until next year, while the market increases its bet on the earliest rate cut of the Federal Reserve in September.
CCORF Maintains Royal Bank of Canada(RY.US) With Buy Rating, Raises Target Price to $116.35