GameStop has once again taken center stage on Reddit’s WallStreetBets page as the man behind the meme stock craze, “Roaring Kitty” (Keith Gill), reappeared online after nearly three years. The mentions of GameStop on the forum have significantly increased, surpassing even popular equities like Nvidia and the SPDR S&P 500 ETF Trust. “Roaring Kitty” made
Investing
Despite a gloomy outlook on the Federal Reserve’s rate cuts, investors are urged to adopt a long-term mindset when selecting stocks for their portfolios. Seeking expert advice from Wall Street analysts can help in making informed decisions. One stock favored by top analysts is Domino’s Pizza (DPZ). The restaurant chain recently reported strong earnings for
A 24-inch tall, bronze bust sculpture of the late Charlie Munger was revealed at the Omaha Marriott last weekend during the Berkshire Hathaway annual meeting. The hotel was the preferred quarters for the investment legend whenever he visited his hometown and the Berkshire headquarters of his longtime partner, Warren Buffett. The sculpture, placed in the
Zeekr, a Chinese electric vehicle manufacturer, recently priced its IPO at $21 a share – the top end of its range. This move will see the company sell 21 million American depository shares, raising a total of $441 million. Zeekr, backed by Chinese automotive giant Geely, is set to begin trading on the New York
Stanley Druckenmiller, a prominent billionaire investor, recently announced that he significantly reduced his investment in chipmaker Nvidia due to concerns about the overheating artificial intelligence market. This move raises questions about the valuation of companies operating in the AI sector and the potential risks associated with this fast-growing industry. Druckenmiller’s decision to cut his Nvidia
Investors looking for stable dividend-paying stocks in the energy sector should consider Chord Energy (CHRD). This oil and gas operator in the Williston Basin has declared a base-plus-variable cash dividend of $3.25 per share. Analysts at Siebert Williams Shank have initiated coverage of CHRD with a buy rating and a price target of $262, citing
Warren Buffett, the renowned investor, is expressing caution when it comes to embracing artificial intelligence technology. He raised concerns about the potential harm that AI could bring, particularly in the realm of scamming. Buffett highlighted the alarming ability of AI to create realistic and deceptive content that could be used by bad actors to deceive
As Warren Buffett prepares to host Berkshire Hathaway’s annual shareholder meeting, the shadow of Charlie Munger’s absence looms large over the event. The event, often referred to as “Woodstock for Capitalists,” is set to take place without Munger for the first time since his passing in November. The void left by Munger, Buffett’s longtime partner
Microsoft recently announced a groundbreaking deal with Brookfield Asset Management to invest over $10 billion in renewable energy capacity. This partnership aims to meet the growing demands for artificial intelligence and data centers while promoting sustainability and reducing carbon emissions. Under this agreement, Brookfield will provide Microsoft with 10.5 gigawatts of renewable energy between 2026
The recent volatility in the bond market has left equity investors feeling unsettled, continuously monitoring the bond yields that could potentially disrupt the 2024 rally for stocks. According to a recent report by Goldman Sachs, the critical threshold to watch out for is a 5% increase in the 10-year Treasury yield. When this threshold is