Day: October 9, 2024
These cheap stocks are outperforming, and analysts give 5 more than 20% upside
Markets just keep rallying this year, with the S & P 500 up nearly 22% year-to-date and the Nasdaq jumping around 21%. In global stocks, the MSCI World index is around 16% higher. Many on Wall Street expect the trend to continue. Goldman Sachs , Morgan Stanley and others all see the S & P […]
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Microsoft faces disruption from AI, says outperforming fund manager dumping the stock
A top-performing fund manager has been selling off Microsoft stock, citing concerns about the tech giant’s future profitability in the face of advancements in artificial intelligence. Stephen Yiu, chief investment officer at the Blue Whale Growth Fund , revealed his fund has been reducing its Microsoft position over the past six months. The Blue Whale […]
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Luxury hotel is looking for ‘CEO’ to take $15,000 trip around the world: How to apply
A luxe hotel chain is looking to give away the vacation of a lifetime. Ramada by Wyndham has launched a contest to find someone who will travel the world visiting its locations and documenting the trip for social media. The “chief eats officer”, as the position is dubbed, will be responsible for “exploring the most […]
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Amazon cashierless tech competitor Grabango shutters after failing to secure funding
Grabango’s mobile app Grabango Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. “Although the company established itself as a leader in checkout-free technology, it was not able to secure the funding it needed to […]
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Inside the world’s first humanoid factory, where robots could eventually build themselves
About 30 miles from the company’s headquarters in Oregon, Agility Robotics has built “RoboFab,” a facility designed to scale up the production of its bipedal robot, Digit. It is the first factory dedicated to building humanoid robots, according to the privately held company, which has already begun testing Digit with high-profile clients like Amazon and […]
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Royal Caribbean is ‘best in breed on so many levels’, says Citi’s James Hardiman
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime James Hardiman, Citi leisure analyst, joins ‘Closing Bell Overtime’ to talk the cruise industry as the sector climbs higher. 05:08 37 minutes ago Source
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Kalshi expands Trump, Harris election bet options, adds Senate races, CFTC complains
The Commodity Futures Trading Commission headquarters in Washington, DC, U.S. Ting Shen | Bloomberg | Getty Images KalshiEx has listed more than two dozen new options in recent days for the exchange’s customers to bet on political outcomes, including the presidential race, the popular vote and Electoral College margins of that race, and individual Senate […]
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Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at age 86
Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman N Chandrasekaran confirmed Tata’s death and described him in a statement as his “friend, mentor, and guide.” He did not provide a cause of death. Tata was admitted this week to […]
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Amazon tests adding robot warehouses to Whole Foods so shoppers can pick up other orders at checkout
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on October 7, 2020. David Paul Morris/Bloomberg via Getty Images Amazon said Wednesday it’s testing adding mini warehouses to Whole Foods supermarkets as part of a bid to attract more […]
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Markets will be looking for any surprises out of Thursday’s big inflation report
Federal Reserve policymakers have been breathing easier lately regarding inflation, and that faith that they’re closer to achieving their goal will get a key test Thursday. The Labor Department will release its latest reading on the closely watched consumer price index, and its’ expected to show further progress toward the Fed’s 2% target in September. […]
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