Bold stock targets signal an AI-fueled surge...
Continue ReadingTesla hires Henry Kuang, former autonomy lead at GM's Cruise, as new AI director...
Continue Reading(Reuters) -Warren Buffett donated on Friday another $6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $60 billion. He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation...
Continue ReadingDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla deliveries and the June jobs report are on tap this coming week. The stock market rally had a powerful week, with the S&P 500 and Nasdaq hitting record highs on Friday...
Continue ReadingMicrosoft (MSFT) bulls have had plenty to cheer about. Just behind Meta Platforms (META), the Redmond, Washington-based tech giant has been the second-best performer within the Magnificent 7 group, up 17% year-to-date, and an additional 24% since its Fiscal Q3 earnings. Beyond a calmer market tone following the tariff scare, Microsoft’s defensive qualities—which have stood out for decades as a stock that rarely underperforms—in my view, help explain its faster rebound compared to most of its meg...
Continue ReadingStarting with a 2017 tax-law change, followed by the pandemic and inflation, philanthropy had struggled. But a hot stock market helped drive contributions, particularly from individuals...
Continue ReadingAsking for a Trend host Josh Lipton takes a look at the top stories for investors to watch next week. Constellation Brands (STZ) will report first quarter earnings on Tuesday after the closing bell, with analysts expecting a 5.6% decline in adjusted earnings per share (EPS). Tesla (TSLA) will release its second quarter vehicle delivery and production numbers on Wednesday amid its domestic and European sales challenges. On Thursday, the June jobs report will be published in the morning and is expected to show 110,000 new jobs added and unemployment ticking up to 4.3%. Meanwhile, Senate Republicans are racing to revise and pass President Trump's tax bill before the self-imposed deadline on Friday, July 4. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here...
Continue ReadingRobinhood, Coinbase, and RKLB waiver after Pal's call; investors unsure if crypto is next breakout...
Continue ReadingThe stock market rides some momentum into the second half of the year. Tesla and other automakers report deliveries...
Continue ReadingThe ChatGPT maker is one of the largest purchasers of Nvidia's graphics processing units (GPUs), using the AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house tensor processing units (TPUs), which were historically reserved for internal use...
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