Author: MWN

Investors are eagerly awaiting Nvidia’s earnings report today after the market closes, as analysts scramble to increase their forecasts. The central question is whether Nvidia can meet the expectations surrounding AI hype. But an even more significant question for investors might be identifying other companies that are already capitalizing on and benefiting from the demand for artificial intelligence. As of now, it appears that no other companies are profiting on a scale comparable to Nvidia’s success in the AI field. However, there are businesses, including chip manufacturers and others within the broader AI ecosystem, that are beginning to generate revenue…

The aspiration to retire with a million dollars or more is a common one, but the reality is that only around 10% of retirees manage to reach this financial pinnacle. The majority of retirees have considerably less saved, raising questions about what constitutes a ‘comfortable’ retirement and how to best prepare for it. Average Savings of Retirees According to the Federal Reserve’s Survey of Consumer Finances, the average retirement savings for those aged 65 to 74 is $426,000, and for those 75 and older, it’s $357,000. These figures are significantly lower than the coveted million-dollar mark. The median savings for…

Stocks look “pretty pricey” and a recession is “right around the corner,” Steve Hanke told Insider. The Johns Hopkins professor expects an economic slump in the first half of next year. Hanke sees inflation cooling, 10-year Treasury yields falling, and house prices staying afloat. Stocks look expensive and a recession is likely to strike next year, says Steve Hanke. The dangers of holding stocks instead of government bonds are typically offset by their superior projected returns. However, Treasury yields have swelled and stock prices have surged in recent months, resulting in a negative equity risk premium — stocks are slated…