The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels. “The AI revolution is likely quite real, quite significant. But … these things unfold in waves. And, you get a little too […]
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Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan | Getty Images Luxury electric […]
Here’s why Warren Buffett and Jim Cramer think Apple stock is the best
Warren Buffett sang Apple ‘s (AAPL) praises Saturday at Berkshire Hathaway ‘s annual shareholder meeting, saying the iPhone maker is a better company than any firm in the conglomerate’s vast portfolio. And, the legendary investor’s argument rests on the logic that’s similar to why Jim Cramer has long said Apple […]
Trump barred from making evidence public in Stormy Daniels hush money case
Former President Donald Trump boards his airplane after speaking at a campaign event in Manchester, New Hampshire, April 27, 2023. Jabin Botsford | The Washington Post | Getty Images A judge on Monday barred former President Donald Trump from making public evidence and other material related to a pending criminal […]
Elon Musk and Texas Gov. Greg Abbott break ground on Tesla lithium refinery
Win Mcnamee | Getty Images News | Getty Images Tesla CEO Elon Musk joined Texas Governor Greg Abbott to break ground at the site of the electric vehicle maker’s new lithium refinery in Corpus Christi on Monday. Tesla plans to invest $375 million to build the facility on the Gulf […]
After hitting new heights during the pandemic, PayPal has struggled in the market. Here’s what’s killing the company’s stock growth
While most companies struggled during the pandemic, digital-payment companies including PayPal thrived as consumers were forced to depend more on online transactions. PayPal’s revenue, for example, shot up from $17.8 billion in 2019 to more than $25 billion in 2021. Shares of the company also saw new heights during that […]
Failure to raise debt ceiling would be an ‘economic catastrophe,’ Treasury’s Yellen says
WASHINGTON — Failure to raise the U.S. debt ceiling would cause an “economic catastrophe,” Treasury Secretary Janet Yellen said Monday. “That is something that could produce financial chaos, it would drastically reduce the amount of spending and would mean that Social Security recipients and veterans and people counting on money […]
Palantir soars on earnings beat and prediction of full-year profitability
Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum, in Davos, Switzerland, Jan. 18, 2023. Arnd Wiegmann | Reuters Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said it expects to be profitable […]
Stocks making the biggest moves after hours: Lucid, Palantir, PayPal and more
People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Lucid […]
Tesla urged by seven senators to end forced arbitration for workers and customers
A group of mostly Democratic senators pressured Tesla CEO Elon Musk to end the company’s use of forced arbitration clauses in employee and customer contracts, in a letter Monday. Similar to most large companies, Tesla requires workers to sign an arbitration agreement upon employment wherever it is legal to do […]