Prinka, Author at yourmoneywise

December 19, 20230Comments

Apple Shares Took a Hit After Reports It Will Discontinue US Sales of Latest Smartwatches

Apple Inc. (AAPL) shares took a hit after the company said on Monday that it would halt sales of its Series 9 and Ultra 2 smartwatches in the United States after this week, as the tech giant struggles with patent disputes regarding the technology that enables the blood oxygen feature on the devices. The Apple…

Fed-Fueled Rally Helps Regional Bank ETFs Erase Losses Since SVB’s Collapse

December 18, 20230Comments

Regional Bank ETFs Erase All Losses Since the Collapse of the Silicon Valley Bank

Regional bank indexes soared this week after the Fed signaled it would potentially cut interest rates next year. This is a significant moment for an industry recovering from one of the worst years since the 2008 economic crisis. Regional Bank ETFs are back to their levels before the collapse of the Silicon Valley Bank. The…

December 17, 20230Comments

Renewable Stocks Get a Boost, But COP28 Won’t Get Rid of Fossil Fuels

The conclusion of the 2023 United Nations Climate Change Conference or COP28 in Dubai this week included a landmark agreement to stop fossil fuel consumption, giving a major boost to renewable energy shares. Fossil fuels are not going anywhere but the shift to renewable energy will get a major boost under the United Nations climate…

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The Top 10 Fintech Companies Leading the Charge in the USA

Fintech, a short form of Finance Technology, is a rising sector in the field of finance. Fintech companies leverage the power of technology to improve financial services. Given that the US is on the front lines of technical advancements along with being the global hub of financial services, it is no surprise that a large…

Intel Stock Soars After Launching AI-Optimized Processors

Intel(INTC) is in the news as its stock price soars in response to its “AI Everywhere” event. The tech giant also seems to have gotten a major boost from the Federal Reserve’s decision to keep interest rates steady yesterday. Intel Corp’s share price rose as much as 5.6% on Thursday after the company launched its…

Average Mortgage Rate Falls Below 7% For First Time Since August, Freddie Mac Says

Average Mortgage Rate Falls Below 7% To Its Lowest Level Since August

Mortgage rates fell to a record low of 7% for the first time since August as the U.S. economy is showing signs of cooling down. It is the seventh consecutive week that rates have dropped, following the Federal Reserve’s decision to keep the rates stable for the year. With the Fed signaling in its most…

Rivian Stock Jumps 14% as AT&T Plans to Use Carmaker's EVs Starting in 2024

Rivian Stock Soars as AT&T Plans to Use Carmaker’s EVs Starting in 2024

Rivian Automotive Inc.'s (RIVN) stock price soared on Thursday after the EV carmaker announced that it will supply electric vehicles to the AT&T fleet. This comes as the first major announcement after the EV carmaker ended its deal with Amazon(AMZN). You may have already seen Rivian Automotive delivering Amazon packages, but now their commercial vans…

Wholesale Inflation Holds Steady, Coming in Lower Than Expectations

December 13, 20230Comments

Wholesale Inflation Holds Steady, Price Pressure Continues to Ease

Wholesale inflation in the United States was unchanged in November, indicating that price increases in the economy and inflation are gradually easing. The Producer Price Index(PPI), which measures a broad change of prices on final demand products, showed no change in November, following a 0.4% decrease in October but still less than the Dow Jones…

December 13, 20230Comments

Pfizer Shares Dropped to Their Lowest Level in Over 10 Years as 2024 Profit Forecasts Disappoint

The struggle of Pfizer’s shares continued as the healthcare giant dropped to the lowest value since the Covid-19 pandemic. The latest milestone for the stock has failed to convert its COVID-19 vaccine boom into long-term sales growth. Pfizer(PFE) shares dropped 8% on Wednesday to their lowest level in more than a decade after releasing a…