Author: Press Room
Altimeter Capital Chair and CEO Brad Gerstner said he has taken some chips off the table after this year’s strong run in technology stocks, but he is still bullish on the names that are reaccelerating because of artificial intelligence. “All of these stocks are up a lot just to start this year and the backdrop has gotten a little worse,” Gerstner said on CNBC’s ” Halftime Report ” on Tuesday. “If you want to take a little bit off the table today, just reflecting on the fact that you’ve achieved a year’s worth of returns in the first few months of…
There’s mounting evidence of how serious Apple is about artificial intelligence, Jim Cramer said Tuesday, pointing to a Wall Street Journal report about the tech giant developing AI data center chips. “This is a very good sign,” Jim said. “This is the beginning of what I regard as the Apple offense on AI.” He also reiterated his Apple stock mantra: “Own it, don’t trade it.” According to the Journal , the project known as Apple Chips in Data Centers, or ACDC internally, has been in the works for years but does not have a definitive timeline. The report also said…
The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they will compliment the existing range of multi-tools rather than replacing them. “With innovation at the core of our brand, we are constantly listening to our consumers and their needs; and acknowledge that there is an appetite for the functionality, versatility, and craftsmanship the Swiss Army Knife is known for in more…
Last updated: May 7, 2024 12:29 EDT | 2 min read In the latest Solana meme coin pump, the new cat-themed coin ‘Aqua Cat on SOL’ (AQUACAT) has seen its price skyrocket by 33,895% overnight, as traders around the world try to get a piece of the pie.This article will provide an analysis of AQUACAT’s current price trends and look to see whether a soon-to-launch meme coin, DOGEVERSE, represents a more promising investment opportunity at this time. oh and the chart looks like this. higher #aquacat pic.twitter.com/COmPmKNGgQ — Tuna (@_tun4_) May 6, 2024Aquacat is unique among cat coins because it’s…
Risk is back in fashion on Wall Street as investors shed their fears and become more adventurous with their cash.Gone are the concerns about inflation, which spiked to a 40-year high of more than 9% less than two years ago, and interest rates, which the Federal Reserve hiked from almost zero to above 5%.Anxiety about two major foreign conflicts, global economic malaise, a frozen housing market, political strife, and a bubble in AI stocks has been crowded out by excitement about potential gains.There are still investors who remain wary, but the overall market sentiment has turned bullish in recent months,…
Alex Spiro, Elon Musk’s personal attorney, could be sanctioned over his conduct during a recent deposition with the billionaire — if the lawyer facing off against him in a legal battle gets his way.Musk was deposed last month for a lawsuit against the X owner that alleges Musk boosted a conspiracy theory that falsely affiliated 22-year-old Ben Brody with a neo-Nazi group.In a court filing from Monday, Brody’s lawyer, Mark Bankston — who famously represented the parents of a Sandy Hook victim and won a $45 million defamation case against Alex Jones — argued that Spiro had demonstrated “astonishingly unprofessional”…
First quarter earnings continued to come in better-than-expected last week, but it was the latest Federal Open Markets Committee (FOMC) meeting which led to a pop in markets in the second half of the week. Federal Reserve Chairman Jerome Powell ruled out a rate hike at the next meeting, downplayed stagflation concerns and announced the central bank would slow the pace of balance sheet reductions, a move widely seen as a slight easing of monetary policy.1 Rate cut hopes were raised even further on Friday when US jobs data for April came in weaker-than-expected. Nonfarm Payrolls totaled 175,000, well below…
Hamas has said it has broadly accepted a proposal to free dozens of Israeli hostages in exchange for Palestinian prisoners and a temporary ceasefire in its seven-month war with Israel in Gaza.According to a statement on Hamas’ Telegram channel, Ismail Haniyeh, the Palestinian militant group’s Doha-based political leader, told Qatar’s prime minister and Egypt’s intelligence chief of “the Hamas movement’s approval of their proposal regarding the ceasefire”.Hamas did not announce the details of the deal it has agreed to, and Israeli Prime Minister Benjamin Netanyahu’s government has yet to officially respond, leaving it unclear whether the proposed terms will enable…
Americans’ Social Security benefits will be slashed in 2035 if lawmakers don’t act to address the pending shortfall, according to an annual report released Monday by the Social Security trustees. That’s one year later than previously forecast. The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with disabilities – are expected to be exhausted in 11 years. After that, payroll tax revenue and other income sources will only be able to cover 83% of benefits owed. Meanwhile, Medicare’s financial condition improved even more. It is expected to be able to cover…
The author suggests that when it comes to retirement decisions, we may not be asking the right questions. As the Jodie Foster character in True Detective likes to say, “You’re not asking the right question.” Then for a successful retirement, what is the right question? It’s “Do the decisions I make now matter?” Clearly the answer is “Yes” when we think of ourselves and our impact on our immediate environment and in our immediate time frame. But that doesn’t reveal much so our next question then is “What are the right decisions?” That’s still not the right question. In this…
