Big Tech could come under big pressure from overseas regulators and fresh economic prints. Citi Global Wealth Head of North American Investments Kristen Bitterly is eyeing the 'Magnificent Seven' stocks — comprised of tech giants Apple (AAPL), Amazon (AMZN), Google (GOOG, GOOGL), Meta, Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) — and how these innovators are contending with the Fed's interest rate goals. 'If we are in an environment where you're going to have higher rates for longer, then obviously you would want companies in your portfolio that have really strong balance sheets,' Bitterly tells Yahoo Finance Live. 'But I also think if you're in the camp where we could see a soft landing scenario, that then you would anticipate this rally could broaden out into other parts of the market.' Bitterly highlights the way China's economic slowdown can hang over tech stocks and other developing tech economies.
Learn to speak, read, and write Thai and Thai script with our easy and fun online course. Nine years of experience teaching individuals and groups.When it comes to car buying, you've got to take the good news when you can. According to the experts at Kelley Blue Book, the average transaction price for new cars dropped $14 to $48,275 from...Inventory and affordability woes are a challenge, but the economy might offset those pressures, Jenna Stauffer of Sotheby's International Realty says.
CALGARY — Enbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies. The Calgary-based energy infrastructure giant says the three utilities, owned by Dominion Energy, Inc., are The East Ohio Gas Company, Questar Gas Company and its related Wexpro companies, and the Public Service Company of North Carolina. Enbridge says it will finance the deal through a combination of $US9.4 billion of cash consideration and US$4.
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