A revitalized 2023 stock-market rally finally ran out of fizz last week. And it might take some time to get back on track in the face of a dip in market liquidity and signs that a surge of buying fueled by “fear of missing out” has largely run its course. “We don’t think the rally
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Watch what happens over the next 36 hours. That was the advice from one financial analyst as U.S. investors awoke on Saturday to news of an apparent armed rebellion against Moscow led by Yevgeny Prigozhin, the owner of the powerful Russian mercenary organization Wagner Group. See: Wagner mercenary forces advance toward Moscow as Putin vows
Indirectly, Meta Platforms (NASDAQ:META) stock could be a way for investors to get exposure to artificial intelligence (AI) technology. Plus, a well-known fund manager is reportedly taking long positions in Meta Platforms. With these considerations in mind, you might want to add a few Meta Platforms shares to your own portfolio. Frankly, I’ve been wary of
Home buyers have accepted the new normal of 7% mortgage rates, but now they’re feeling a sense of déjà vu as real estate is back to being a competitive sport in many parts of the U.S. At the beginning of this year, buyers were still holding on to hope that mortgage rates would go back
There’s no denying that Nvidia (NASDAQ:NVDA) is a darling of the markets. One fund manager who you will probably recognize reportedly increased his stake in NVDA stock. Does this mean you should buy it, too? Not necessarily, as the weighing machine of the stock market could bring Nvidia back down to earth soon. Artificial intelligence (AI)
International Business Machines Co. is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price nearly five years ago, the Wall Street Journal reported late Friday. IBM IBM, -1.33% could close a deal to buy Apptio from private-equity firm Vista Equity Partners, possibly over the weekend,
The only constant in Corporate America is change. Companies large and small are constantly undertaking shakeups in their business strategies and management teams as they seek a competitive edge in the marketplace. Long tenured CEO positions are becoming increasingly rare in the business world, particularly among publicly traded companies where shareholders demand results. To be
Buying a cheap house, or one that’s $150,000 or less, may seem like an attractive idea for many renters who are seeing home prices spiral out of control. But finding financing to pay for that home can be a tall task. Mortgages to purchase homes under $150,000 have become “increasingly rare,” according to a new
Shares of Mullen Automotive (NASDAQ:MULN) tumbled another 50% this week after one of the firm’s most vocal promoters aired second thoughts. “I didn’t sign up for this,” said Mullen’s Lawrence Hardge in a Facebook Livestream. “I ain’t gonna let what I invented be the death of me. I’m sick of people calling me. I’m sick
TOKYO — The pace of Japan’s consumer inflation slowed slightly in May due to declines in electricity prices. Overall consumer prices rose 3.2% from a year earlier in May, compared with a 3.5% increase in April, government data showed Friday. In a sign of growth in core inflation, consumer prices excluding volatile fresh food and
The investment thesis for Li Auto (NASDAQ:LI) stock is only partly about its cars. It’s also about China. Li is at the tip of the spear when it comes to China’s export push. Plug-in hybrid cars with luxury features, at reasonable prices, and a range of 600 miles sound like a dream to U.S. car
Nvidia (NASDAQ:NVDA) stock is currently one of the hottest buys, with a remarkable 163% return since the beginning of 2023. This surge has brought the chip maker close to a $1 trillion market cap, putting it in the same league as Apple, Microsoft, Alphabet, and Amazon. However, NVDA stock stands out with its unique valuation.
Darden Restaurants Inc., owner of Olive Garden and Longhorn Steak House reported an 11.8% increase in fourth-quarter net income and a stronger-than-expected fiscal 2024 outlook on Thursday, but its stock fell in premarket trades. Darden’s DRI, +0.36% fourth-quarter profit increased to $315.1 million, or $2.58 a share, from $281.7 million, or $2.24 a share, in
In an hour-long webinar Intel Corp. hosted for Wall Street analysts to provide updates on its contract manufacturing business, the company confirmed that it would be a long slog for investors. Shares of the world’s second-largest semiconductor company fell nearly 5% on Wednesday, following Tuesday’s lesser tumble of 3.8%, when Intel INTC, -6.00% was the
Lately, QuantumScape (NYSE:QS) stock has held up well. Several factors have played a role in this, but alongside factors like the resurgence of a “risk off” mindset among investors on promising macro data, some sector-related news is also giving QS stock a boost. If you’ve been monitoring this electric vehicle battery technology company, chances are
“ Recalled products may catch fire, poison people or suffocate babies months and years later because consumers didn’t learn about the harm they can cause. ” Even when companies have the best of intentions, anything you buy — from the exercise equipment you use to stay in shape to the vegetables you eat — potentially
What’s the biggest segment of the U.S. economy? The housing market. It regularly accounts for just under 20% of U.S. gross domestic product each year. That’s why they say that as goes the housing market, so goes the economy and the stock market. And today, the housing market just flashed a super bullish signal for
The 10-year Treasury yield isn’t likely to push much above 3.85% for the rest of this year, unless three things happen, according to BCA Research. The benchmark 10-year rate TMUBMUSD10Y, 3.722% reclaimed the 3.85% mark in late May and has roughly held in that range in June, following a sharp drop in bond yields this
Plenty of things can go wrong while you’re on vacation. But a lost or stolen wallet is especially stressful — especially when that wallet contains the ID that you need to get on your return flight home. That’s what happened to me during a recent trip to Charleston, S.C., when I discovered that someone had
Have you ever bought the stock of an excellent company only to lose money? It happens all the time. The longer you invest, the more you realize you won’t make perfect decisions. More importantly, avoiding bad stocks is the key to long-term success. Warren Buffett’s investment advice on his top two rules for investing: “Don’t
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