Daily Trade

Podcaster and Spotify Technology SA executive Bill Simmons thinks Prince Harry and Meghan Markle are “grifters,” after the royal couple ended their relationship with the streaming platform following an unproductive production deal. Last Thursday, the couple and Spotify SPOT, +5.13% announced their multiyear podcast deal had ended, apparently prematurely. The production deal, inked in 2020

A key U.K. mortgage rate topped 6%, days ahead of a Bank of England rate decision where the central bank is again expected to lift interest rates. The average rate for the two-year fixed-rate mortgage stood at 6.01%, according to Moneyfacts. That’s a big shock as more than 1.4 million households this year face or

SVB Financial Group said Sunday it has reached an agreement to sell its investment banking division to a group led by the unit’s chief executive, Jeff Leerink, and backed by The Baupost Group. In a statement Sunday, SVB Financial said Leerick’s group was the top bidder for SVB Securities. A price was not disclosed. SVB

Intel Corp. plans to build a “huge and unprecedented” $25 billion advanced chip manufacturing plant in Israel, Prime Minister Benjamin Netanyahu announced Sunday. The agreement in principle would see a factory in Kiryat Gat open by 2027, according to a statement from Israel’s Finance Ministry. “This is the largest investment ever in the State of

A big part of investing in biotech is owning takeover names. The quick gains offset a lot of mistakes. Having a biotech stock get bought out simplifies the “sell” decision, too.  Lately, though, biotech investors have been far less enthusiastic about takeover prospects. The Federal Trade Commission (FTC) has cast a shadow over the space

Not long ago, I issued a bullish call on Nvidia (NASDAQ:NVDA) stock. I still like Nvidia’s long-term prospects as a company. However, I don’t recommend investing at any price. My concern is that artificial intelligence (AI) hype has distorted Nvidia’s valuation, so a share price pullback may be due. There are growth stocks in 2023, and

I was wrong about Nvidia (NASDAQ:NVDA) stock. I called it overpriced. While it’s a long-term winner, I thought paying 23 times revenue was too much. Nvidia’s first quarter earnings of $2.04 billion, 82 cents per share, and revenue of $7.19 billion, were well ahead of expectations. But what sent NVDA stock up nearly 25% was

Since its last earnings release last month, there has been little news out of Rivian Automotive (NASDAQ:RIVN). With this, there is plenty of speculation regarding what happens next for the company, and for RIVN stock. Based on how the early-stage electric vehicle maker’s shares are performing right now, it’s clear that the market overall holds

Li Auto (NASDAQ:LI) stock just got a little more complicated. It has won a reputation in China as its best producer of luxury electric vehicles, but its latest model is a hybrid. The company announced the Li 7, a five-seat SUV, February. Li delivered over 10,000 Li 7s in its first month of production. Its

If you feel that 2023’s financial-sector crisis has passed, you might be tempted to load up on Goldman Sachs (NYSE:GS) stock. Yet, a top executive at Goldman Sachs recently issued a warning that investors should pay attention to. Along with that, Goldman Sachs’s planned staff reduction suggests that the company’s management might anticipate near-term challenges. Don’t

Nvidia (NASDAQ:NVDA) established itself as a powerhouse for software companies looking to tap into the exponential growth potential of AI and other high-growth technologies. Even better, year to date, the Nvidia stock has surged this year on strong earnings. In addition, Nvidia’s chips continue to hold a strong market share relative to competitors like Intel (NASDAQ:INTC)

On Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D

So far this year, the only advice you’ve needed with Nvidia (NASDAQ:NVDA) stock has been to not fight the tape. With the emergence of the generative artificial intelligence mega-trend at the start of 2023, NVDA stock has zoomed from $150 per share, up to $200, $300, and most recently, $400 per share. However, with the

If you have to boil down 2023 into a single theme, it would have to be artificial intelligence. Even though AI in various forms has been around for a while, it’s the emergence of generative AI and ChatGPT that has turned enthusiasm into outright mania. That’s also instigated a furious mega-cap tech stock rally that’s

Meta Platforms (NASDAQ:META) has been the hottest of the “Cloud Czars” in 2023, with its stock up 125%. The other Czars, who among them own the bulk of the world’s hyperscale data centers, include names like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL). Their stocks are also up, but not by half as much. Meta is the

The U.S. Department of Agriculture is cracking down on misleading meat labels. The USDA says it will collect samples from animals that will be marketed to consumers as “raised without antibiotics” or meat labeled “no antibiotics ever” to make sure the marketing claims and labels are accurate. The outcome of these tests will help the

It’s a new era for the workplace.  Corporate leaders appear to be excited about the revolutionary potential of artificial intelligence. And their employees? Not so much. It’s no surprise, perhaps, that 62% of bosses in a recent Boston Consulting Group survey said they felt optimistic about AI’s impact on work, while only 42% of employees

Hi, MarketWatchers. Don’t miss these top stories. The next step in California’s reparations push is ‘the most thrilling’: turning proposals into reality Assemblyman Reggie Jones-Sawyer is adamant that something will come out of the reparations task force’s efforts, he said in an interview ahead of Juneteenth. Read More UPS Teamsters members vote to strike if

It’s been a roller-coaster ride for U.S. financial markets the past 15 months, after the Federal Reserve started its most aggressive monetary tightening campaign in four decades to tame inflation.  After 10 consecutive interest-rate hikes which took the benchmark fed-funds rate from near zero to a range of 5% to 5.25%, the Federal Reserve this

Intel Corp.’s shares scored their best week in 14 years Friday, after one analyst said the chip maker still has a “material AI opportunity” amid rivals Advanced Micro Devices Inc. and Nvidia Corp. On Friday, Intel INTC, +1.54% shares rose 1.5% to finish at $36.37, for a weekly gain of 16.1%, their best week since