Editor’s note: This story was previously published early this month. It has since been updated to include the most relevant information on Dojo and other custom AI. According to Morgan Stanley, Tesla (TSLA) stock is worth $400, and it has nothing to do with its electric vehicles. Rather, that hefty valuation is thanks to its
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Shareholders of Walmart Inc. may have had an inkling of today’s stock selloff if they had been watching the performance of its bonds over the last two weeks. The bonds have seen net selling even as spreads have tightened, according to data solutions company BondCliQ Media Services. The same is true for Costco Wholesale Corp.
Netflix (NASDAQ:NFLX) stock is making a strong run higher again, up 170% from last year’s lows, but they can only go so far. Netflix recent earnings report shows why it is the industry leader. Good content reconnected with viewers and offset any ill will created by raising prices and cracking down on password sharing. Yet
The Democratic-run Senate has approved a short-term funding measure that prevents a partial government shutdown from hitting this weekend, with the vote coming after the Republican-controlled House of Representatives gave its OK on Tuesday to the continuing resolution. The measure passed late Wednesday night, by a vote of 87-11. “This Friday night there will be
Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock continues to be affected by the U.S. Department of Justice civil suit filed back in January, alleging that the company engaged in monopolistic and anti-competitive actions in order to maintain its dominant position in search and digital advertising markets. The trial, which started in September, is still unfolding. However, in recent days,
This article is reprinted by permission from NextAvenue.org. For many years, the coastal South American country of Ecuador had it all for Americans considering retiring abroad: great weather, a low cost of living and beautiful beaches. Ecuador ranked No. 4 in International Living magazine’s Best Countries to Retire Abroad in 2023. In many parts of Ecuador
This year has seen a remarkable surge in electric vertical takeoff and landing (eVTOL) stocks, driven by a promise of commercialization in the not-too-distant future. Projections suggest the global flying car market could reach $17.84 billion by 2030, expanding to $1 trillion by 2040 and a staggering $9 trillion by 2050. This signals significant potential
Amazon.com Inc. hit a milestone Tuesday that it hadn’t reached in 19 months. Shares of Amazon AMZN, +2.25% rose 2.2% on Tuesday, closing at $145.80, their highest close since April 21, 2022, when they ended the session at $148.30. With that closing price, Amazon again surpassed a $1.5 trillion valuation, according to Dow Jones Market
Analysts are pounding the table for Rivian (NASDAQ:RIVN) stock.Shares are down 16% so far in 2023. They have lost more than half their value in the last year. The company is losing money hand over fist. Rivian loses $33,000 per car and delivered just 15,564 in the third quarter. Yet there are people still telling
Moody’s Investors Service cut its rating outlook to negative from stable on Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co., but the stocks rallied Tuesday on the heels of tame inflation data. “The rating actions … reflect the potentially weaker capacity of the government of the United States of America
Meta Platforms (NASDAQ:META) has a number of threats to contend with, including regulatory resistance from the European Data Protection Board. Yet, the biggest threat of all might come from a famous electric vehicle (EV) manufacturing mogul. Overall, I still like the growth prospects for META stock, but investors should consider Meta Platforms’ challenges. I must admit, Meta Platforms
SYDNEY — Australian businesses reported the slowest pace of prices growth in October since July 2020, sending a positive signal that inflation is in retreat. According to the latest monthly survey of business by the National Australia Bank, overall price growth was just 1.0% in quarterly terms, the slowest pace since the early months of
Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock may be bouncing back, after the Google parent’s recent earnings letdown, but a continued recovery in the near-term may not be in the cards. Multiple factors may impact share performance, including one that is often overlooked but remains a risk (the antitrust lawsuit filed against Alphabet by the U.S. Department of Justice).
Nvidia Corp. shares are on track Monday to log their longest winning streak in nearly seven years as they hover near their all-time high. The chip giant earlier Monday introduced its new artificial-intelligence chip, promising significant performance improvements relative to the prior model. The H200 is the first graphics-processing unit from Nvidia NVDA, +1.07% to
The current year has been rewarding as compared to 2022 when growth stocks were decimated. As we inch closer to the new year, it’s time to relook at the portfolio and build a strategy to boost returns. With macroeconomic challenges sustaining, I would remain overweight on blue-chip dividend stocks. At the same time, there needs
SK Hynix 000660, +1.46% has started shipping new advanced mobile chips to Chinese smartphone maker Vivo–the latest sign of recovery in global demand for memory chips. The South Korean memory-chip maker said Monday that its up-to-date 16-gigabyte packages of low-power-double-data-rate 5 turbo chips would equip and power Vivo’s latest smartphones, the X100 and X100 Pro.
Tesla (NASDAQ:TSLA) stock has overcome many hurdles under CEO Elon Musk. The company scaled electric vehicle production and has a leading market share in the most competitive market, China. It has brought the price of its Model 3 below $40,000. It has become the most valuable car company in the history of the world. But
The bottle Eagle Rare 25 bourbon, $10,000 The back story Yes, you read that right: This is a bottle of bourbon that costs…Ten. Thousand. Dollars. But it’s probably a bargain if you can find it at that price. That’s because it’s an extremely rare bourbon, with just 200 bottles being released. And it comes from Buffalo
Last year, every major index plunged into bear market territory. While they eventually reversed course, the S&P 500’s gains were driven by just a handful of stocks. The so-called Magnificent 7 sticks are a group of mega-cap tech stocks identified by Bank of America (NYSE:BAC) Chief Investment Strategist Michael Hartnett as providing all the lift
See ya, Sunbelt. The best place to retire is now Harrisburg, Pa. That’s according to the latest ranking by U.S. News & World Report, which extolled seven Pennsylvania cities as top 10 retirement destinations. Daytona Beach, Fla., was the only southern town to make the top 10, coming in at the No. 8 spot. Harrisburg
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