Day: September 9, 2024
Want to cash in on India’s growth? Veteran investor names 5 ‘well-run’ companies to buy right now
Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market. The veteran investor said he is focused […]
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Bitcoin rebounds from its worst week in more than a year, jumping above $57,000
Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023. Stock Chart IconStock chart icon Bitcoin performance […]
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Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer […]
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DirecTV customers will likely miss ‘Monday Night Football’ NFL game as carriage fight with Disney continues
Millions of DirecTV customers will likely be unable to watch the NFL’s opening “Monday Night Football” game on ESPN as the company has yet to reach a deal with network parent Disney as of Monday evening. Disney’s TV networks went dark on Sept. 1 for DirecTV’s customers amid a carriage battle over fees and bundling. […]
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RFK Jr. back on Michigan presidential ballot, state Supreme Court rules
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | Reuters Former independent presidential candidate Robert F. Kennedy Jr. will appear on the ballot in Michigan in November, the state’s Supreme Court ruled Monday, a decision that could boost […]
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Morgan Stanley cuts oil forecast, says traders are pricing in a demand slowdown similar to mild recession
After last week’s steep sell-off, oil prices suggest traders are pricing in a demand slowdown that is similar to a mild recession, according to a Morgan Stanley analysis. To be clear, Morgan Stanley’s economists anticipate a “soft landing” for the U.S. economy, saying it will exit 2024 “on fundamentally sound footing.” But there are some […]
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Oracle reports better-than-expected quarterly results; shares rise
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares rose 8% in extended trading on Monday after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates. Here’s how […]
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Palantir soars 14% on software vendor’s inclusion in S&P 500
Alex Karp, CEO of Palantir Technologies, walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 10, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares popped 14% on Monday and are trading at their highest since early 2021 after the announcement late […]
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The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
As November’s Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, according to Bernstein. The flagship cryptocurrency has been stuck between $55,000 and $70,000 for most of the year — after reaching its all-time high in March — and is likely to remain in limbo until the U.S. determines […]
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Apple iPhone 16 event updates: Apple Watch Series 10, black Apple Watch Ultra 2, AirPods 4 announced
Updated AirPods Max announced with new colors, USB-C Apple announced updated AirPods Max with USB-C charging and three new colors, like orange, purple, and starlight. They’re still $549 and are available to order beginning Monday before they launch on Sept. 20. — Todd Haselton AirPods 4 announced Apple just announced the AirPods 4. Apple said […]
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