World
Top Wall Street analysts are confident about the potential behind these 3 stocks
The stock market is in a rough patch as of late while investors grapple with macro pressures, upcoming elections and geopolitical tensions. However, investors and their portfolios can hold up in the tumult – if they’re able to ignore the short-term noise and choose stocks with attractive return prospects over the long term. In this […]
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China is doubling down on homegrown tech. Goldman Sachs shares its chip plays
One of the few tangible takeaways from China’s big policy meeting last week is that Beijing is intent on building up domestic tech. From an investment perspective, Goldman Sachs analysts on July 15 pointed out there are notable catalysts for certain semiconductor and artificial intelligence China stock plays from August to December. Those include new […]
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Berkshire has eliminated 10% of outstanding shares as Buffett values the enduring power of buybacks
Berkshire Hathaway has reduced a sizable chuck of share count through buybacks in recent years as Warren Buffett views the repurchase program as an effective way to reward long-term shareholders. Over the past five and a half years (22 quarters), the conglomerate has repurchased nearly $75 billion worth of its common stock, eliminating more than […]
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From Zyn to vapes: Big Tobacco pushes further toward cigarette alternatives. Here’s who could come out on top
If you haven’t been paying attention to tobacco companies, you might not recognize the new landscape. On Tuesday, Philip Morris International announced it would invest $600 million to build a new production facility in Colorado for its popular Zyn oral nicotine pouch. The product went viral on social media earlier this year and is currently […]
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Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
Wall Street will get its first glimpse of Big Tech earnings this week. Google-parent Alphabet and Tesla are among the more than 100 S & P 500 companies slated to report. Results from Ford Motor, IBM and General Motors are also on deck. The reporting period is off to a solid start. About 14% of […]
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Boeing expects 787 suppliers to catch up by year’s end, restoring output
A Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial […]
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Berkshire sells around $1.48 billion Bank of America shares, filing shows
The exterior of a Bank of America on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. Berkshire is […]
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‘Ludicrous’: Donors leave call with Kamala Harris frustrated and annoyed
U.S. Vice President Kamala Harris departs Air Force Two as she arrives at Pope Army Airfield to campaign in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | Reuters A call Friday featuring Vice President Kamala Harris and about 300 major Democratic donors left many who dialed in frustrated, with one donor declaring it […]
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Israeli jets strike Houthi targets in Yemen after Tel Aviv attack
A giant fire erupts at an oil storage facility following Israeli strikes in Yemen’s Houthi-held port city of Hodeida on July 20, 2024. Israeli warplanes struck the Houthi-controlled Yemeni port of Hodeida on July 20, a day after a drone attack by the Houthi rebels killed a civilian in Tel Aviv, both sides said. Afp […]
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Malicious actors trying to exploit global tech outage for their own gain
A general view from Changi Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Singapore. Zakaria Zainal | Anadolu | Getty Images As the world continues to recover from massive business and travel disruptions […]
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