April 29, 2024
Meta\’s AI spending tests Facebook\’s growth-first playbook
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April 29, 2024
Billionaires Are Selling Nvidia Stock and Buying This Supercharged AI Index Fund Instead
Nvidia has been an ideal long-term investment. Shares soared 45,900% over the last 20 years as the company transitioned from computer graphics trailblazer to accelerated computing powerhouse. But the stock has been especially hot lately. Shares more than tripled during the past 12 months as investors leaned into the artificial intelligence gold rush. But those gains have given rise to concerns about Nvidia's valuation.
April 28, 2024
Thailand Picks Capital Markets Veteran as Finance Chief
(Bloomberg) — Prime Minister Srettha Thavisin named capital markets veteran Pichai Chunhavajira as Thailand’s new finance minister in an appointment that may ease tensions between the premier and the central bank over monetary policy.
April 27, 2024
Tesla and Microsoft presented 2 distinct versions of AI. Investors liked both.
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:
April 27, 2024
Meta\’s AI spending tests Facebook\’s growth-first playbook
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:
April 26, 2024
AstraZeneca CEO on US-China tensions: \’We have established a very resilient supply chain\’
AstraZeneca's (AZN) stock is up following its latest earnings report Thursday after the company reported $12.7 billion in revenue, beating consensus estimates of $11.8 billion in the first quarter of 2024.
April 25, 2024
One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
Over the three previous weeks, Wall Street's major stock indexes have sent a stern reminder to investors that equities don't move up in a straight line. The iconic Dow Jones Industrial Average, benchmark S&P 500, and innovation-powered Nasdaq Composite have all retraced by at least 5% from their respective record-closing highs.
April 24, 2024
What could spur an IPO pickup in the second half of the year
IPO activity is expected to pick up in 2024. Nasdaq Co-President Nelson Griggs points to a few reasons for an uptick including improved investor sentiment and the success IPOs have seen so far this year. Griggs expects that if that success continues, there could be more IPO activity picking up in the back half of the year, but he cautions that there is still a \”\’I need to get a bit bigger\’ to be a public company\” mentality for some companies.
April 24, 2024
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: \’$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?\’
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: \’$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?\’Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely.
April 24, 2024
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: \’$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?\’
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: \’$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?\’Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely.