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And The Wall Street Journal recently reported that Musk regularly communicates with Russian President Vladimir Putin, a potential national security risk because SpaceX, his aerospace company, holds billions of dollars worth of contracts with NASA and the Department of Defense. Musk is hardly the only person whose megawealth places him at the nexus of politics, business and foreign policy. But few are working so publicly for a single candidate as Musk, whose expansive business ties and growing bravado pose a vexing test of one unelected person's political power...
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Amazon stock is surging Friday after its Q3 results helped ease investor concerns about operating margins for the tech giant...
Continue ReadingQ3 2024 Amazon.com Inc Earnings Call...
Continue ReadingThe Dow Jones rallied after a soft jobs report on Friday. Apple fell while Amazon soared after earnings. Warren Buffett's Berkshire on deck...
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Amazon (AMZN) topped third quarter earnings estimates on both revenue and profit. One key metric investors were closely watching is the company's capital expenditures, particularly those related to AI investments. Citizens JMP Equity Research Analyst Nick Jones breaks down the significance of Amazon's massive tech spending on Morning Brief. Jones emphasizes that Amazon's AI investments are critical to maintaining its competitive edge. "AI is this massive, massive opportunity. We're only a year or so into the opportunity, so we're probably looking at a very long runway of spend," he tells Yahoo Finance. The company plans to invest $75 billion in capital expenditures for 2024, and in 2025 "they'll likely spend more." Despite these substantial investments, Jones notes Amazon maintains strong operating income margins, which he sees as a key stock performance indicator. "Amazon's a dominant cloud player. They're going to want to be dominant in AI. They need to keep spending," Jones adds, highlighting what he sees as a "multi-decade runway" for the company's artificial intelligence strategy. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith...
Continue ReadingBig tech overwhelmingly leans blue, but a small faction of leaders, including Elon Musk, has begun lending their influence and pocketbooks to support Donald Trump. WSJ explains what is behind the shift...
Continue ReadingEnphase Energy continues to focus on its business fundamentals, working with installers, expanding to new geographies and launching new products. Read more about recent earnings...
Continue ReadingApple (AAPL) shares are trading lower after the iPhone maker reported quarterly results with revenue beating expectations as earnings fell short due to European Union tax costs. The company's sales outlook came in weaker than expected, contributing to investors' disappointment. Morning Brief Hosts Seana Smith and Brad Smith break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
Continue ReadingSTOCKS The jobs report is in, offering a final look at the labor market ahead of next week’s election. The economy added just 12,000 jobs last month, with a big knock from two hurricanes and a ongoing Boeing strike...
Continue ReadingRegardless of who wins the Presidential Election, investors can benefit if they choose the right investments. Click here to read my detailed report...
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