Tag: business news
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Traders fall back in love with Meta. Here’s where bulls see it going
Meta Platform’s AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.
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As bank earnings approach, a market anomaly emerges
The Financial Select Sector Index trades at roughly 15.5 times forward earnings — about a turn and a quarter cheaper than where it stood in 2024.
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Trump purges Election Assistance Commission members, months before midterms
The White House said the Supreme Court’s ruling allowing President Trump to fire FTC Commissioner Louise Slaughter provided the precedent for the removals.
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The stock market looks pretty cheap based on future earnings expectations. Don’t be fooled
The S&P 500 trades around 28x trailing earnings versus 21x forward earnings. Experts say the spread mostly reflects high earnings expectations.
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Meta’s stock heads for best week since early 2024 as optimism builds around AI strategy
Meta released two AI models this week as part of its new Muse Spark family, under the leadership of Alexandr Wang.
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Seize the advantage in Micron options against the SK Hynix listing, Jeff Kilburg says
MU options saw massive activity Friday, indicating heavy hedging or directional bets as the memory chip trade repositions.
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Bet on human intelligence over AI with this stock, says top tech analyst
Reddit’s trove of human-generated posts is likely to become a bigger draw for internet users amid an explosion in AI content, per Needham.
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Private chef salaries reach $300,000 as the rich seek their own Michelin stars
Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records, according to Morgan & Mallet.
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This e-commerce stock could get a boost from the agentic AI craze, Stifel says
Shopify is poised to gain ground due to the expected growth of agentic AI, per Stifel.
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AI, data center fears could be key in closely watched Michigan Democratic Senate primary
Abdul El-Sayed and Rep. Haley Stevens will face off in the Michigan Democratic Senate primary on Aug. 4.
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