Author: Press Room

Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of “The Big Short” fame . Even with the electric-vehicle maker’s stock down 32% so far this year, Moses is sticking with his Tesla short. “Everything is kind of falling apart in their core business,” the Moses Ventures founder told CNBC’s ” Fast Money ” on Thursday. “He’s pointing everybody to robotaxis and AI and autonomy,” he added, referring to CEO Elon Musk. Moses lists Musk’s decision to cut more than 10% of the company’s global workforce, a recent Reuters report about a Tesla securities and…

Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: You advise not to buy stocks that have a PEG of over 2, but it seems many of the stocks recommended on the show have a PEG of well over 2, such as Abbott Labs and Eaton. Is this because there are more important considerations than PEG? — Marcia from Washington…

Apple Store workers in Towson, Maryland, the first of the tech giant’s retail employees to unionize, made history again by voting late Saturday in favor of authorizing a strike. The International Association of Machinists and Aerospace Workers Coalition of Organized Retail Employees (IAM CORE), the union representing the workers, said in a news release the vote “underscores the frustrations among workers regarding unresolved workplace issues.” Employees at the store in Towson, a suburb of Baltimore, have been in contract negotiations with Apple management since last year over a number of issues, including the store’s “unpredictable” scheduling practices and wages that don’t…

Last updated: May 12, 2024 12:00 EDT | 2 min read Leading financial institutions on Wall Street are shifting their focus towards industrializing proofs-of-concept (PoCs) developed within the blockchain experiment known as Project Guardian.JPMorgan’s blockchain platform, Onyx, is particularly keen on converting the insights gained from its pilot program with the Monetary Authority of Singapore (MAS) into tangible products.During the TokenizeThis event held in Miami on May 10, Stephanie Lok, product manager of JPMorgan’s Onyx, said the company is focused on investment fund tokenization as a key area of focus.“That’s a very big focus area: how can we kind of…

While artificial intelligence has become more and more ubiquitous in the last year, most Americans have a way to go before they’re comfortable using the tech, according to the Pew Research Center.Newly launched startup Superintelligent is betting it can solve this problem and help more people master using AI in their work and personal lives. The company just exited stealth with $2 million in pre-seed funding from Learn Capital, an edtech-focused VC fund.Based in New York, Superintelligent is a learning platform designed to help people understand how to use AI tools. Users watch short videos, ranging from three to seven…

Research Solutions, Inc. (NASDAQ:RSSS) Q3 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants John Beisler – Three Part Advisors, Investor RelationsRoy Olivier – President & Chief Executive OfficerBill Nurthen – Chief Financial Officer Conference Call Participants Jacob Stephan – Lake StreetAllen Klee – Maxim Group Operator Good day, ladies and gentlemen, and welcome to this Research Solutions, Inc. Conference Call. At this time, all participants are in a listen-only mode, and later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call may be recorded. I will be…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.Russian forces have launched an attack on Ukraine’s north-eastern Kharkiv region as Moscow aims to take advantage of its superior weaponry and manpower before the arrival of more US military aid.Kyiv’s defence ministry said Russian armoured units attempted to break through Ukrainian defensive lines early on Friday after conducting artillery and air strikes around Vovchansk, a town 70km north-east of Kharkiv city. “As of now, these attacks have been repelled; battles of varying intensity continue,” the ministry said on the social…

Former President Donald Trump could owe more than $100 million in taxes as a result of a yearslong Internal Revenue Service inquiry into claims of huge losses on his Chicago skyscraper, The New York Times and ProPublica reported Saturday. The news organizations reported Trump claimed massive financial losses twice — first on his 2008 tax return, when he said the building, then mired in debt, was “worthless,” and again after 2010, when he had shifted its ownership into a new partnership also controlled by Trump. The 2008 claim resulted in Trump reporting losses as high as $651 million for the year, and…

Remote workers and retirees alike have flocked to scenic Spokane, driving up home prices. But the city is working through its growing pains. By Emily Mason, Forbes Staff Bruce Munholand spent 32 years working for the U.S. Army Corps of Engineers, mostly in Alaska, where he met his wife, Keri. His last posting was in St. Louis, managing the cleanup of a suburban waste site contaminated with radioactive materials from The Manhattan Project era. In early 2021, shortly after his retirement from the Corps, Bruce, now 71, and Keri, now 55, hooked up their side hustle—a cobalt blue 1969 Citroen…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.500% as of April 30, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.500%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…