Barry Diller, IAC chairman, had some harsh words for Trump Media and its shareholders.Mike Blake/REUTERS Barry Diller thinks that shareholders of Truth Social’s owner have been scammed. The IAC chairman pointed to Trump Media’s low revenue and said he doubts Truth Social will grow. Shares for Trump Media and Technology Group initially surged after going […]
Even with a brief drop this week, the markets are showing strength this year, with the S&P 500 climbing 8%. However, there’s a big question on investors’ minds: Can this momentum keep up? David Kostin, Goldman’s chief US equity strategist, has given four scenarios for investor consideration: “(1) in a ‘catch up,’ the S&P 500 would […]
Chinese Vice Finance Minister Liao Min (2nd R) and U.S. Ambassador to China Nicholas Burns (R) receive U.S. Treasury Secretary Janet Yellen (R) upon her arrival in Guangzhou on April 4, 2024. Pedro Pardo | Afp | Getty Images BEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings […]
Many viewers were unimpressed with the financial theory.Oleg Dubyna / 500px Market chaos could come next year if the US doesn’t adjust its fiscal path, Joao Gomes told CNBC. The Wharton professor pointed to the UK mini-budget crisis as a warning. The US can’t afford to extend tax cuts next year, he said. Congress needs […]
Fox Business Trillions of dollars will flow out of growth stocks over the next decade, Larry McDonald predicted. That’s because money is heading into “inflation beneficiaries,” or assets that rise if inflation stays high. That could create a bull market in assets like gold, aluminum, and energy, he predicted in a recent interview. There’s an […]
Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees […]
An investment fund wants a reckoning at three major companies after a litany of serious fraud, sexual harassment and racial discrimination allegations against them in recent years. The New York State pension fund, with $260 billion in assets, has hit Chipotle, Tesla, and Wells Fargo with shareholder proposals that would require them to disclose how […]
Drivers charge their Teslas in Fountain Valley, California, on March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images A car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That’s becoming a major barrier to wider adoption, according to some […]
SHANGHAI, CHINA – MARCH 14, 2024 – Visitors visit the Galaxy S24 phones at SAMSUNG booth at AWE2024 in Shanghai, China, March 14, 2024. CFOTO | Future Publishing | Getty Images Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in […]
Analysts have become more bullish on six stocks from around the world this week, raising their price targets. The list of upgraded stocks includes four U.S.-listed companies — Shift4 Payments , Semtech , Formula One Group , MacroGenics — as well as South Korean automaker Hyundai Motor and French retail technology giant Vusion . The […]
Portfolio manager Barbara Doran has revealed a number of her favorite stocks, reiterating a bullish outlook on the stock market more broadly. “People are reluctant to embrace this bull market after a couple of years of deep skepticism,” the chief investment officer and senior portfolio manager at BD8 Capital Partners told CNBC’s “Street Signs Asia” […]
Shares of Lamb Weston Holdings (NYSE: LW) fell 19.4% on Thursday after the food processing company announced weaker-than-expected quarterly results. The source of Lamb Weston’s disappointing quarter For its fiscal third quarter ended Feb. 25, 2024, Lamb Weston’s net sales grew 16% year over year to $1.458 billion, including $357 million of sales from its […]
