Intuitive Machines’ stock fell more than 30% after hours Friday after the space-exploration company said that its Odysseus lunar lander had fallen on its side while landing near the moon’s south pole, hampering its communications with Earth. Intuitive Machines LUNR, +15.82% Chief Executive Steve Altemus said Friday that Odysseus “caught a foot in the surface
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Since the late 1970s, when the former options trader and arbitrageur moved into activist investing (then called “corporate raiding”), Carl Icahn has built a multi-billion dollar fortune investing in (and pushing for profitable changes at) undervalued companies. With this track record, it’s no surprise that Wall Street and Main Street investors alike are always curious
Nvidia’s shares are up in premarket trade Friday. End of message. It seems the job of a macro-market analyst has never been easier. As go Nvidia’s fortunes so goes the S&P 500 SPX. AI mind control is already here. It wasn’t too long ago that it was the Magnificent Seven who corralled, then drove sentiment.
Stanley Druckenmiller is a former hedge fund manager and famed investor whose moves are carefully watched on Wall Street. From 1981 to 2010, he ran Duquesne Capital, a hedge fund that had more than $12 billion in assets at the time it was closed. Druckenmiller also managed money for George Soros as the lead portfolio
Block Inc. has been focused on getting leaner, and that paid off for the Square parent company in the latest quarter as it posted a surprise profit. Shares climbed more than 13% in Thursday’s extended session as Block also delivered an upbeat bottom-line forecast. The company on Thursday recorded fourth-quarter net income of $10 million,
Palantir Technologies (NYSE:PLTR) initially focused on serving the defense and intelligence sectors but has since expanded its customer base to include various industries such as healthcare, energy, and finance. The company has made impressive strides to improve profitability, and the new AI platform rolled out last year is accelerating top-line growth. As a result, there are
Surging U.S. stock-index futures show Wall Street eyeing fresh record highs as another blowout earnings report from Nvidia lifts technology stocks. How ae stock-index futures trading S&P 500 futures ES00, +1.36% rose 58 points, or 1.2% to 5054 Dow Jones Industrial Average futures YM00, +0.53% added 103 points, or 0.3%, to 38780 Nasdaq-100 futures NQ00,
Warren Buffett stocks always spark immense curiosity in the investing world. The Oracle of Omaha’s investment moves are closely watched, with his quarterly filings offering valuable insights. In the latest update, Berkshire Hathaway’s (NYSE:BRK.A,NYSE:BRK.B) 13F filing reveals a quiet fourth quarter marked by more selling than buying. Berkshire Hathaway, known for its wide-moat investment approach, reported
Following a quarter when Nvidia Corp. grew data-center revenue and earnings each by more than 400%, another number illustrates the company’s dominance even more. Among the record-setting elements of Nvidia’s NVDA, -2.85% stunning fiscal fourth quarter was its 76% GAAP gross margin, which was up from 66% a year before. Nvidia forecasts that margin will
Michael Burry is an investing legend and one of Wall Street’s biggest bears. The investor is best known for betting against the U.S. housing market during the subprime mortgage meltdown that led to the 2008/09 financial crisis, an event chronicled in the book and film “The Big Short.” However, while Burry continues to issue warning
The stock market can be fickle, and it doesn’t always reward the pioneers of a new technology over the long term. That is one important lesson from the telecom bubble of the late 1990s and early 2000s that investors in the artificial-intelligence boom of today would be well-served to remember, according to Deutsche Bank analyst
Retail stocks are poised for transformation as artificial intelligence (AI) redefines shopping. AI is at the forefront of innovation in the retail sphere, elevating the consumer experience by personalizing marketing. For investors, this spells opportunity. Integrating AI in retail, from optimizing prices to automating inventory management, is a seismic shift that will likely reshape the
Dear Quentin, I have a $1.5 million account with one of the major investment managers in the United States. In the fall of 2021, the stock market was weakening and the Federal Reserve was projecting that its benchmark rate would increase significantly from zero in the following months. I contacted my account manager and asked
Though it may not seem so, this year’s stock market trends have yet to materialize fully. Artificial intelligence drove 2023’s stock market trends; in years past, electric vehicles, meme stocks, and even blockchain tech drove market movements. And, of course, macroeconomic cycles and monetary policy shoulder their share of the burden when it comes to
Dear MarketWatch, I am a 62-year-old man married to my 60-year-old spouse. We have two children, 25 and 23 years old. We own four houses — two in California and two in Virginia — worth about $6 million but owe only $500,000 total in mortgages. Three houses are rented out while we live in one
Al Jazeera has called 2023 “the year of the layoffs.” As the news organization pointed out recently, it started badly in 2023, when Salesforce (NYSE:CRM) cut 10% of its global staff. CEO Marc Benioff might be a big believer in stakeholder capitalism, but 2023 proved that even he wouldn’t stand for an excessive work force.
Former president and 2024 Republican contender Donald Trump may potentially be in the hole for $355 million after losing his latest court case. But his newly announced line of Trump-branded sneakers is proving to be a financial hit, at least in the short term. Now, the question remains if the shoe will be a long-term
Just days ahead of potentially pivotal results from Nvidia Corp., Goldman Sachs has lifted its year-end S&P 500 target to 5,200, but with much of that hinging on Big Tech’s ability to keep delivering strong profits. “Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6%
European regulators are reportedly set to slap Apple Inc. with a fine of more than $500 million, saying the tech giant unfairly hindered its music-streaming rivals. The Financial Times and Bloomberg News reported Sunday that European Commission antitrust regulators are preparing to impose a roughly $500 million euro ($539 million) fine against Apple AAPL, -0.84%,
With all the talk centered on climate change and the proposed solution of the electrification of everything, it was easy to forget about hydrogen stocks. Over the years, the sector has produced mixed results, with some enterprises performing well while others – especially those focused on fuel-cell technologies – have floundered. Still, hydrogen stocks remain
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