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A quarter of the U.S. corporate profits this year will come from just a dozen companies, analysts say. But investors are willing to pay up...
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Continue ReadingU.S. auto maker Tesla Inc should respect fundamental labour rights, including that of collective bargaining by labour unions, Norway's $1.5 trillion sovereign wealth fund, the world's biggest stock market investor, told Reuters on Friday. The electric vehicle producer faces a backlash in the Nordic region from unions and some pension funds over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions. Norges Bank Investment Management, which operates the Norwegian fund, is Tesla's 7th biggest shareholder with a 0.88% stake worth some $6.8 billion according to LSEG data...
Continue ReadingThe U.K.’s competition regulator wants to know whether Microsoft and OpenAI’s partnership constitutes a merger...
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Apple is looking to expand its production in India and the U.S. government is expected to report the economy added jobs in November while the unemployment rate remained steady. Here’s what investors need to know today...
Continue ReadingMicrosoft is OpenAI's biggest shareholder and has a nonvoting seat on the ChatGPT creator's board...
Continue ReadingIt might actually be the biggest 2023 Magnificent Seven laggard, which just released a new AI product that could propel it to new heights in 2024 and beyond. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has outperformed the general market in 2023, up 49.3%. Not only has Alphabet underperformed its large-cap tech peers this year, but it's actually the cheapest as well...
Continue ReadingThe November jobs report taking center stage on Wall Street this morning. Investors are breaking down what the latest report could be for the Fed’s final interest rate decision of the year next week. In the UK, regulators are looking into Microsoft’s (MSFT) major investment into ChatGPT creator OpenAI. The watchdog is looking into whether the deal creates a “relevant merger situation.” Yahoo Finance trending tickets include Broadcom (AVGO), Lululemon (LULU), and DocuSign (DOCU). Key guests include: 8:30 a.m. ET - Stephanie Roth, Wolfe Research Chief Economist and Joe Brusuelas, RSM Chief Economist 9 a.m. ET - Brad McMillan, Commonwealth Financial Network CIO 9:40 a.m. ET - Julie Su, US Department of Labor Acting Secretary 10 a.m. ET - Steve Sosnick, Interactive Brokers Chief Strategist 10:20 a.m. ET - George Kurtz, CrowdStrike CEO 11:40 a.m ET - Kristin Roth DeClark, Barclays Head of Tech Investment Banking...
Continue ReadingTesla has officially announced its annual software update, and as expected, the list of features includes the addition of Apple Podcasts to the cars' entertainment system...
Continue ReadingIt was a volatile one, but 2023 turned out to be a great year for growth stocks. Amazon (NASDAQ: AMZN) stock had a respectable showing, rising over 70% for the year. Here are a few reasons why Amazon could extend its positive momentum into 2024 and beyond...
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