Author: Press Room
TL;DR The latest CPI figures were released this week, with the headline annualized rate falling to 5%, its lowest in almost two years JPMorgan Chase, Wells Fargo and Citi all released their quarterly earnings and it was hugely positive numbers all across the board With so much news hitting us every day, it can be easy to get tunnel vision. But for investors, it pays to look beyond the US to maximize opportunities for gains Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and…
Despite a 1% fall in Keurig Dr Pepper stock (NYSE: KDP) this year, underperforming the broader S&P500 index, which is up 8%, we believe it has little room for growth. Looking at a slightly longer term, KDP stock is up 22% from levels seen in late 2019. This can be attributed to 1. Keurig Dr Pepper’s revenue growth of 26% to $14.1 billion over the last twelve months, compared to $11.1 billion in 2019, 2. a 0.2% fall in its average total shares outstanding to 1.4 billion, partly offset by 3. the company’s P/S ratio falling a modest 3.5% to…
The U.S. Supreme Court recently heard oral arguments in two challenges to the Biden administration’s student loan forgiveness plan. The plan, on hold since November when a federal district court in Texas struck it down, would have delivered up to $20,000 of forgiveness to millions of borrowers. Now, it appears increasingly unlikely that the plan, as structured, will ever reach implementation. Additionally, the pause on federal student loan payments, first enacted by the U.S. Department of Education in March 2020 in response to the COVID-19 pandemic, could expire this year, meaning borrowers would be obligated to resume payments. While the…
Oakmark Funds’ Bill Nygren said he favors bigger banks in the financial sector, and the top value investor broke down why he particularly likes Charles Schwab. “I think bigger has been better in financials for a long time,” Nygren said Wednesday on CNBC’s ” Squawk on the Street. ” “The economic advantage that those banks have just allows the large banks to either be more profitable, take less risk or offer more services to their clients than the smaller banks can.” Worries about the banking system deepened in March after the closures of Silicon Valley Bank and Signature Bank , and…
Fox Corp. and its TV networks agreed to pay $787.5 million to settle Dominion Voting Systems’ defamation lawsuit this week, but the media giant’s legal headaches don’t end there.Still hanging in the balance is voting software company Smartmatic USA’s defamation case, which is seeking $2.7 billion in damages – over $1 billion more than Dominion initially sought in its lawsuit.Smartmatic, like Dominion, filed its defamation lawsuit against Fox for spreading false claims that its voting software helped rig the 2020 election that saw Joe Biden triumph over Donald Trump. Smartmatic’s suit also specifically names host Maria Bartiromo, Jeanine Pirro and…
Tesla helped kick off an EV price war. Now, those lower prices are hitting the company’s sales and profits. Tesla, which has cut prices on its electric vehicles four times in the quarter and twice so far this month, earned $2.9 billion excluding special items, down 22% from a year ago. Profits fell even more compared to the third and fourth quarters of last year. The lower prices caused revenue to fall $1.3 billion compared to the fourth quarter despite record deliveries, leading to tighter profit margins. Tesla reported a gross profit margin of 19.3%. It was the lowest profit…
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As Bitcoin’s price dips below the $29,000 support level, market observers and investors are keen to forecast the cryptocurrency’s next target. In this Bitcoin price prediction article, we will examine the factors contributing to the recent decline and analyze potential scenarios for BTC’s future trajectory.Twitter Introduces Live BTC Price QuotesOn April 13, Twitter and the Israeli cryptocurrency exchange eToro announced a new partnership that would enable the trading of equities and cryptocurrencies on social media. When Twitter users see other users tweeting about a cryptocurrency, they can click a button that directs them to the eToro site, where they can…
Goldman Sachs is building out a tool used by institutional clients for pricing derivatives. Visual Structuring will now cover crypto, equities, and precious metals options, in addition to FX. Chris Churchman, head of Marquee, outlines how the tool can simplify derivatives for clients. Goldman Sachs is expanding on a tool aimed at simplifying the complex world of derivatives trading for its institutional clients. The tool, called Visual Structuring, aims to change the way traders analyze potential options trades, whether it’s determining if the timing or pricing of a certain trade is right based on what’s happening in the markets, or how…
Reddit said it plans to start charging companies for access to its data that is used to train AI. Major players in the AI race like OpenAI, Microsoft, and Google train AI models using Reddit’s data, NYT reported. Reddit’s CEO told the Times that Reddit doesn’t need to give away its data to tech giants “for free.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Reddit knows its data is valuable in the AI race — and now it plans to charge companies for…
