Buy these quality, low-stress stocks for the summer, says Jefferies

The post The World’s Biggest Investor Is Trimming AI Stocks. Should You Worry? appeared on BitcoinEthereumNews.com. BlackRock has pulled back on AI stocks most directly tied to the artificial intelligence (AI) boom, Chief Investment Officer of Global Fixed Income Rick Rieder said Wednesday. He described the sales as rebalancing, not a reversal. BlackRock manages more client assets than any rival, so its positioning attracts unusual attention. Investors are already debating whether the market’s concentration in a few AI winners has gone too far. BlackRock AI Stocks Pullback Reflects Selectivity Speaking on CNBC, Rieder said his team trimmed positions in companies whose earnings depend most heavily on the AI buildout. In a separate clip, he added that the firm also cut a notable slice of its overall equity exposure. He framed the shift as trimming winners rather than exiting the theme. “Some of the companies that are more directly tied to AI, we’ve pulled back a bit and rebalanced a bit,

The post Fed flags AI inflation risk as rate hike odds climb above 59% appeared on BitcoinEthereumNews.com. The Federal Reserve has warned that strong artificial intelligence-related demand could keep inflation elevated, while market pricing for a U.S. interest rate hike this year has climbed above 59%. Summary Fed minutes identified AI demand, tariffs, and Middle East tensions as potential drivers of persistent inflation. Most Fed officials said higher rates may be needed if inflation stays above the 2% target. Polymarket now prices a 59% chance of a Fed rate hike this year, while July pause odds remain at 69.5%. According to the minutes of the Federal Reserve’s June Federal Open Market Committee meeting, policymakers discussed several paths for monetary policy depending on how inflation and the labor market develop. One of the scenarios considered involved inflation staying above the central bank’s 2% target despite a stable labor market, driven by strong AI-related demand, the confl

The Federal Reserve has warned that strong artificial intelligence-related demand could keep inflation elevated, while market pricing for a U.S. interest rate hike this year has climbed above 59%. According to the minutes of the Federal Reserve’s June Federal Open…

The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com. Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the

The post Fed minutes show AI joining tariffs as inflation risk, reinforcing higher-for-longer rates appeared on BitcoinEthereumNews.com. Federal Reserve officials viewed artificial intelligence-driven investment as an emerging source of inflationary pressure at their June policy meeting. They added another reason to keep interest rates elevated, even as the labor market remained stable. Minutes from the June 16–17 Federal Open Market Committee [FOMC] meeting show policymakers increasingly linking AI-related demand with persistent inflation. It reinforces expectations that borrowing costs could stay higher for longer.  For crypto markets, that points to a macro backdrop that may delay the liquidity boost typically associated with lower interest rates. Fed says AI investment is adding to inflation pressures The minutes show officials broadly agreed that inflation remained well above the Fed’s 2% target and had become more broad-based.  While policymakers continued to cite tariffs and sup

Did we make the wrong bet on ‘Big A.I.’?

The post Boom Times For Autoimmune Disease Therapies appeared on BitcoinEthereumNews.com. In this week’s edition of InnovationRx, we look at the boom in autoimmune disease therapies, OpenAI’s healthcare push, Vertex’s $10 billion purchase of Crinetics, and more. To get it in your inbox, subscribe here. AbbVie’s Skyrizi is on track to become the world’s second-highest selling drug, according to pharma consultants Evaluate. The Associated Press AbbVie’s Skyrizi, an injectable drug for autoimmune diseases that include psoriasis and Crohn’s disease, is expected to surpass $33 billion in revenue in 2032, making it the world’s second-biggest selling drug, according to a recent report from pharma data and consulting firm Evaluate. That puts it smack between Eli Lilly’s GLP-1 blockbusters, Mounjaro (for diabetes) and Zepbound (for weight loss). “Only autoimmune disease drugs come close to rivaling Lilly’s anti-obesity blockbusters given their potential to treat dozens of conditions driven by s

The post Bitcoin Reacts As Fed Minutes Reveal Split on Rate Hikes appeared on BitcoinEthereumNews.com. The Federal Reserve released minutes from its June 16-17 meeting on July 8, showing a divided committee that unanimously held rates steady at 3.50% to 3.75% while flagging inflation risks tied to artificial intelligence spending. The meeting was Chair Kevin Warsh’s first since taking over the Fed. All 12 voting members backed the hold, though the minutes revealed disagreement over whether a hike is still needed this year. Officials Split Over the Case for a Hike A few participants argued a rate increase was justified at the June meeting but ultimately supported holding steady, the minutes said. Most officials cited persistent inflation risk from tariffs, Middle East energy costs, and AI-driven demand for tech, data centers, and electricity. Nine of 19 officials penciled in at least one rate hike before the end of 2026, a reversal from earlier projections that showed no hikes at all. W