Greg Abel, Warren Buffett's successor at Berkshire Hathaway, is already taking on significant leadership responsibilities, particularly in capital allocation, signaling a smooth leadership transition.
Nvidia is developing new AI chips for Alibaba, ByteDance, and Tencent in response to U.S. export restrictions on its H20 chip, which could cost the company $5.5 billion.
GE Aerospace released Q1 financial results that were given an optimistic reception by investors. While adjusted revenue of $9 billion fell short of the consensus, earnings of $1.49 a share increased 60% from a year ago and beat estimates by 17%
Eight member nations of the OPEC+ alliance are likely to meet on Saturday to deliberate on a potential further acceleration of oil production increases for the month of June
SBUX missed Street estimates in its fiscal second quarter, and that too by a significant margin. Still, Niccol asserted that Starbucks stock remains an attractive long-term holding.
In this video lesson I review all of my multi-time frame ports and explain why members to Big Wave Trading are doing so well compared to the ADHD commentary on social media.
In the end the 177K headline just in is a beat, a good figure – it would be worrying if S&P 500 sold off on that number below the value held at the data announcement.
Wall Street sees it as just another leg of the highly profitable transfer of wealth by inflating financial assets. Gold and silver were slammed, but the miners even moreso.
We are tracking a potential major bottom forming in Primary wave 2. A clear five-wave move into wave {i} suggests the early stages of an upside trend resumption.
Looking at Q1 as a whole, combining the actuals from the 358 S&P 500 members with estimates for the still-to-come companies, the expectation is that earnings will be up +11.6% from the same period last year.
