Category: Asia
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Bianco Predicts…
The Magnificent Seven stocks (FANG stocks, plus Tesla, Microsoft, and Nvidia) have contributed significantly to the overall market gains. Bianco attributes their success to the hype around artificial intelligence and the rollout of new technologies. However, he also notes that the performance of the other 493 stocks in the S&P 500 has been less impressive,…
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More Rice Please…
https://www.reuters.com/markets/commodities/rice-get-costlier-weather-indias-farm-perks-threaten-supply-2023-07-06/ Rice prices are at their highest in 11 years and are expected to rise further due to several factors. India, which accounts for over 40% of global rice exports, has increased payments to farmers, leading to higher prices for rice. The El Nino weather pattern, which typically brings lower rainfall to Asia where rice…