Month: May 2024

Japan GDP Disappoints

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🇯🇵 🇯🇵 BREAKING: Japan’s annualised Q1 GDP -2.0% q/q (vs -1.5% expected). The GDP Deflator is a measure of inflation, comes in at 3.6%. Expected 3.3%, prior 3.9%. Capex -0.8% q/q (poll: -0.7%) – capex down for first time in two quarters. Exports -5.0% q/q. Expotts down for first time in four quarters, and the biggest decrease since Q2 2020. •Domestic demand contribution to GDP -0.2%. Private consumption down for fourth straight quarter

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David Tepper Buys Chinese Tech Stocks

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🇨🇳 🇨🇳 Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024

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Michel Burry Sobers Up

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🚨 🚨 Didn’t Burry Say Stocks Would Crash? ‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

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Berkshire Buys A New Stock

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🚨 🚨 Berkshire Hathaway’s mystery stock purchase has been revealed as Chubb with Berkshire holding 25.9 million shares of the big property and casualty insurer at the end of the first quarter

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Markets Surge On Weak Inflation

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🚨 🚨 BREAKING: S&P 500, Nasdaq rise to all-time highs after light consumer inflation report

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AI: 200% Growth In 12 Months

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🚨 🚨 The AI Revolution Is Spreading: This computer company is up 200% over the last 12 months due to AI and we see further upside of 30%

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This Stock Beat P&G

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🇮🇳 🇮🇳 Colgate Palmolive India has climbed 74% over the last 12 months compared to US company Procter & Gamble which has only appreciated 5.84% over the same period of time

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Fed’s Powell Urges Patience

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🚨 🚨 BREAKING: Federal Reserve Chair Jerome Powell said the central bank needs to be patient and let high interest rates continue to work given the lack of inflation progress in recent months

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Powell Is Sounding Dovish

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🚨 🚨 BREAKING: Powell: Headline PPI numbers were higher but the revisions were lower. I wouldn’t call it hot, I would call it mixed. Here’s The Scoop: Powell Is Sounding Dovish

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