The bank sees collective S&P 500 profits for the three months ending in December rising by around 7% from 2024 levels. That is modestly shy of the 8.8% growth rate collated by LSEG, but BofA notes that upward revisions to fourth-quarter forecasts on Wall Street could see companies topping expectations and delivering an overall growth…
Famed investor Michael Burry, the hedge fund manager who predicted and profited from the US housing sector collapse during the 2008 financial crisis, has drawn attention over recent months for his firm bear position on artificial intelligence (AI) led technology stocks, including market darling Nvidia. Now, Burry has revealed his latest move — betting against…
Domestic tech stocks are witnessing heavy losses in Friday’s session, December 26, after the country’s second-largest tech company, Infosys, raised its entry-level salaries for freshers. Nine of the ten constituents of the Nifty IT index are trading in the red, led by Coforge, which dropped 4%, followed by Mphasis, Tech Mahindra, LTIMindtree, Tata Consultancy Services,…
