Analyst news

• Why Apple’s new Sports app could be bad news for Google

  22-02-2024 23:55 via rocketnews.com
  Apple Inc. AAPL, +1.12%debuted “Apple Sports” on Wednesday, an iPhone app that gives sports fans access to real-time scores, stats, lineups and betting odds, in an effort to become the go-to place sports fans get their latest news. The move by the tech giant illustrates its increased foray into sports, and could shake up the live sports information industry.See also: EA’s college-football videogame is ‘taking advantage’ of players with $600 payment “Being the
  
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• Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts

  22-02-2024 23:16 via rocketnews.com
  Federal Reserve Gov. Lisa Cook said Thursday that inflation has slowed faster than expected, but central bank officials need “greater confidence” that price pressures are returning to low pre-pandemic norms before cutting interest rates. Cook and a parade of Fed officials in the past few weeks have stressed that the battle against inflation is not over. Rates cut will have to wait a bit longer, she said, until victory is all but assured. “I would like to have greater confidence
  
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• Nvidia’s growth and Intel’s chip-making plans depend on AI fulfilling its promise

  22-02-2024 23:07 via rocketnews.com
  “AI demand isn’t slowing; it isn’t stopping, and those who claim this is a phase or a hiccup in the market are clearly missing the significance.”This has been a big week for investors banking on the inevitable growth of artificial intelligence. After the U.S. market’s close on Wednesday, Nvidia NVDA, +16.40%released earnings that exceeded expectations. Also on Wednesday, another important event in the tech field took place: Intel’s INTC, -1.13%first-ever chip
  
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• Nvidia’s surge ripples across stock market — lifting AI, tech and semiconductor ETFs

  22-02-2024 23:03 via rocketnews.com
  Several exchange-traded funds that buy stocks with exposure to artificial intelligence surged Thursday after closely watched AI beneficiary Nvidia Corp. beat earnings expectations. The Global X Robotics & Artificial Intelligence ETF BOTZ,which has around $3 billion of assets under management, closed 4.4% higher, according to FactSet data. Megacap semiconductor company Nvidia NVDA, +16.40%was the ETF’s biggest holding on Wednesday at around 18.9% of its net assets, holdings data on Glob
  
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• Sleep Number loses less money than Wall Street feared, and stock rallies

  22-02-2024 23:01 via rocketnews.com
  Sleep Number Corp.’s stock rallied more than 8% in the extended session Thursday after the mattress maker and retailer posted a narrower quarterly loss and sales that were better than estimates.“While the consumer environment remains challenging for the mattress industry, our swift actions to improve demand and reduce costs allowed us to make better progress in the fourth quarter than we expected,” Chief Executive Shelly Ibach said in a statement. Sleep Number SNBR, -3.58%lost
  
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• Nvidia earnings spark records across chip sector, and AMD’s stock pops

  22-02-2024 22:58 via rocketnews.com
  Nvidia Corp.’s latest earnings report was one for the history books in many ways as the company delivered record profits and revenue — and spurred the biggest one-day haul of market capitalization for any U.S. company.See more: Nvidia makes Wall Street history as stock surge adds $277 billion in market capBut it’s not just Nvidia NVDA, +16.40%setting records in the wake of its results. Shares of rival Advanced Micro Devices Inc. AMD, +10.69%closed at a new all-time high, up 11.
  
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• Live Nation says ‘demand for live music continues to build.’ Ticket-sale gains so far this year are mixed.

  22-02-2024 22:56 via rocketnews.com
  Live Nation Entertainment Inc. on Thursday said that concert-ticket sales have increased this year, albeit at a slower rate so far, following an explosion in demand over the past two years.Executives for the company, which owns Ticketmaster and runs dozens of concert venues, said concert-ticket sales this year were “pacing up 6%,” with sales at amphitheaters and arenas up double-digits. That compares with a 44% sales jump last year in its concerts business, which involves concert pro
  
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• Nasdaq Composite briefly trades above its record close as Nvidia fuels broad stock rally

  22-02-2024 22:48 via rocketnews.com
  A Nvidia-led rally helped push the Nasdaq Composite toward rarefied territory on Thursday, with the tech-heavy index briefly trading above its record-high close set 27 months ago. The Nasdaq Composite COMP,comprised of most of the stocks that trade on the Nasdaq stock exchange and one of the world’s most closely followed benchmarks, finished at 16,041.62 — its second-highest close in history and just shy of the record 16,057.44, set on Nov. 19, 2021. The index briefly traded as high
  
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• Nvidia makes Wall Street history as stock surge adds $277 billion in market cap

  22-02-2024 22:44 via rocketnews.com
  It’s a testament to Nvidia Corp.’s blockbuster run over the past year that Wall Street is, in a way, looking past eye-popping metrics like a quintupling of data-center revenue in the latest quarter.Investors have become so accustomed to that sort of performance from Nvidia NVDA, +16.40%that they’ve increasingly been wondering how long the company can keep growing. But as Nvidia’s stock surged 16.4% Thursday, it appeared that Wall Street was satisfied with the company&rsqu
  
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• AT&T says its wireless network has been restored after service outage

  22-02-2024 22:43 via rocketnews.com
  AT&T Inc. said Thursday its cellular network has been restored, after widespread “wireless service interruptions” affected some of its customers earlier in the day, following user reports of outages.Tens of thousands of AT&T T, -2.41%users had flagged service disruptions on Downdetector shortly after 11 a.m. Eastern time. AT&T said it took “immediate action” to address the issues. “We have restored wireless service to all our affected customers,” A
  
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• How chocolate master Jacques Torres nails it as a chef, father of young kids and retirement saver at 65

  22-02-2024 20:46 via rocketnews.com
  Sitting in the office of his Brooklyn chocolate factory, Jacques Torres is describing what is probably not a typical weekend for a fellow member of the cohort of baby boomers turning 65 this year.No thoughts of retirement or golf. No studying how to apply for Medicare or contemplating when to take Social Security. Instead, Torres’s 4-year-old daughter painted his nails and did his makeup — which he hurried to take off before appearing on camera — and then his 7-year-old son app
  
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• DoorDash’s stock took a hit after earnings. Morgan Stanley says not to worry.

  22-02-2024 20:40 via rocketnews.com
  When delivery app DoorDash Inc. reported quarterly earnings last week, investors raced to the exits. But Morgan Stanley analysts on Thursday said to buy the dip, arguing that the company’s restaurant, grocery and non-grocery delivery business still had plenty of room to grow. Analysts there upgraded the stock to overweight, their most positive rating, from equal-weight, and raised their price target to $145 from $135. And they said the stock could get to $175 if their profit expectations p
  
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• Wall Street is bracing for more strong U.S. economic and inflation data next week

  22-02-2024 20:15 via rocketnews.com
  Another round of robust U.S. data is set to arrive next week, raising questions in the financial market about whether the economy can continue to avoid buckling under the weight of the highest interest rates in over two decades.The first revision to fourth-quarter gross domestic product is set to be released next Wednesday, followed the next day by January’s reading on the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures, or PCE, price index. JPMorga
  
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• Nvidia earnings are sparking records across chip sector, as AMD’s stock soars

  22-02-2024 20:14 via rocketnews.com
  Nvidia Corp.’s latest earnings report was one for the history books in many ways, as the company delivered record profits and revenue — and is on track to deliver the biggest one-day haul of market capitalization for any U.S. company.See more: Nvidia’s stock surge is poised to make history — and ‘mammoth growth’ is on tapBut it’s not just Nvidia NVDA, +15.34%setting records in the wake of its results. Shares of rival Advanced Micro Devices Inc. AMD, +11.
  
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• EA’s college-football videogame is ‘taking advantage’ of players with $600 payment

  22-02-2024 20:09 via rocketnews.com
  Electronic Arts Inc. has finally revealed how much it will pay college athletes to appear in its highly anticipated upcoming videogame “EA Sports College Football 25.” A total of 11,390 college-football players from 134 FBS schools will be eligible to receive $600 each for their name, image and likeness (NIL) to appear in the game, no matter if they are the star quarterback or a backup defensive lineman on their team. Players will also get a free copy of the game from EA Sports, Elec
  
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• Dow up 400 points as stocks head for best day of 2024 after Nvidia’s blockbuster earnings

  22-02-2024 19:53 via rocketnews.com
  U.S. stocks surged Thursday with the Dow Jones Industrial Average and S&P 500 index on track for another round of records after Nvidia Corp.’s blowout earnings unleashed a wave of optimism that drove global markets higher. How are stocks trading The Dow Jones Industrial Average DJIAadded 400 points, or 1%, to trade at 39,012. The S&P 500 SPXrose 100 points, or 2%, to 5,082. The Nasdaq Composite COMPsurged 446 points, or 2.9%, to 16,025.On Wednesday, the S&P 500 and Dow eked out
  
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• Forget the billions. How much will climate change really cost your family? 

  22-02-2024 19:49 via rocketnews.com
  “As extreme weather disrupts supply chains, the cost of food is particularly susceptible to climate-related shocks.”The price we pay for climate change isn’t cheap. The U.S. now experiences a billion-dollar extreme-weather event every three weeks, with climate disasters costing the U.S. close to $150 billion each year, according to the recently released Fifth National Climate Assessment.  While climate economists li …
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• The U.S. economy needs older workers. Congress can help.

  22-02-2024 19:48 via rocketnews.com
  “Employment rates still lag for people 55 and over.”More and more Americans previously relegated to the margins of the economy are successfully finding work. But for one group of workers, the jobs surge has been less dramatic — namely those aged 55 and over. Fortunately, Congress has a mechanism to help address this discrepancy — they just need to fund it. Even as the employed share of “prime working age” Americans (25 to 54) has recovered to pre-pandemic leve
  
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• The ‘cardboard-box’ recession is over. An out-of-the-box economic recovery is coming.

  22-02-2024 19:46 via rocketnews.com
  “The more goods that factories ship in cardboard boxes, the better it should be for the economy.”Now that Super Bowl LVIII is over and the Kansas City Chiefs won, many people are predicting it will be a down year for the stock market.Why? According to the “Super Bowl Indicator,” if the team from the American Football Conference, or AFC, wins the Super Bowl, then the Dow Jones Industrial Average…
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• After Nvidia’s latest blowout, here are 20 AI stocks expected to rise as much as 44%

  22-02-2024 19:46 via rocketnews.com
  With Nvidia Corp. reporting another set of amazing numbers, it’s time for a broad look at the artificial-intelligence landscape to see which stocks are most favored by analysts. Here’s a sampling of coverage of Nvidia’s NVDA, +15.36%results for its fiscal fourth quarter, along with concerns over the stock’s valuation and what to expect as the AI build-out continues:AI stock screen One can screen stocks by sector or industry, but when it comes to artificial intelligence, a
  
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• ‘Bad news for home buyers’: Mortgage rates rise for third week in a row

  22-02-2024 18:01 via rocketnews.com
  U.S. mortgage rates rose for the third week in a row, on the back of expectations that the Federal Reserve will hold interest rates steady until the spring. The 30-year fixed-rate mortgage rose and averaged 6.9% as of February 22, according to data released by Freddie Mac FMCC, -0.56%on Thursday. It’s up 13 basis points from the previous week — one basis point is equal to one hundredth of a percentage point.  Mortgage rates were last at this level in mid-December, and that
  
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• Platinum Price Forecast: 2024 and Beyond

  22-02-2024 16:45 via litefinance.org
  
  Platinum, with its distinguished properties and applications, stands out in the precious metals market. A striking example of its essential use is in the healthcare sector, where platinum is the only material suitable for the electrodes in the 600,000 heart pacemakers implanted annually. This metal's scarcity, coupled with its essential role in various industry sectors, underpins its intrinsic value and market volatility.This article delves into the platinum price forecasts, offering predictions
  
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• Dow poised for fresh record as Nvidia earnings spur global stock-market rally

  22-02-2024 14:56 via rocketnews.com
  U.S. stock-index futures surged on Thursday with the Dow and S&P 500 eyeing fresh records after Nvidia Corp.’s blowout earnings unleashed a wave of optimism that drove global markets higher. How ae stock-index futures trading S&P 500 futures ES00, +1.38%rose 66 points, or 1.3% to 5063. Dow Jones Industrial Average futures YM00, +0.55%added 191 points, or 0.5%, to 38,871. Nasdaq-100 futures NQ00, +2.08%surged 357 points, or 2%, to 17892.On Wednesday, the S&P 500 SPXeked out a ga
  
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• Royal Caribbean is tapping the high-yield bond market for first time this year

  22-02-2024 14:55 via rocketnews.com
  Royal Caribbean Cruises Ltd. launched a private offering of $1.0 billion of senior-secured eight-year bonds on Thursday, tapping the high-yield bond market for the first time in 2024. Proceeds of the deal will be used along with cash on hand and/or borrowings under the cruise operator’s revolving credit facilities to repay more expensive debt, namely all of its outstanding 11.625% notes due 2027. The announcement comes just hours after Royal Caribbean RCL, -0.21%raised its earnings guidanc
  
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• WPP looks to AI to boost bottom line following collapse in advertising giant’s profits

  22-02-2024 14:48 via rocketnews.com
  Advertising giant WPP on Thursday outlined plans to use artificial intelligence to increase its profitability after reporting a collapse in its profits for the full-year 2023.  WPP’s plans will see it start selling AI products and consulting services to clients, while also using the technology internally to “augment” positions inside the company and increase its own productivity.  The British conglomerate’s plans follow its January pledge to invest £2
  
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• Wayfair’s stock leaps as job cuts allows for more work to get done, and faster

  22-02-2024 14:41 via rocketnews.com
  Shares of Wayfair Inc. soared Thursday, after the online home-furnishings retailer reported a narrower-than-expected fourth-quarter loss and said it returned to positive active customer growth after two years of declines. The quarterly results come about a month after the company said it was laying off about 1,650 employees, the third announcement of job cuts in the past 18 months.In a letter to shareholders on Thursday, co-Founder and Chief Executive Niraj Shah said that when job cuts were firs
  
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• Jobless claims fall to 5-week low of 201,000. Labor market still has plenty of muscle.

  22-02-2024 14:31 via rocketnews.com
  Story developing. Stay tuned for updates here. The numbers: The number of Americans who applied for unemployment benefits in mid-February fell to a five-week low of 201,000 and signaled the U.S. labor market is still going strong. Initial jobless claims fell by 12,000 from 213,000 in the prior week, the government said Thursday. The decline may have been exaggerated by an usually large drop in unemployment filings in California, however. Whatever the case, new jobless claims have ranged from 189
  
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• United resuming first flights to Tel Aviv since October after ‘detailed safety analysis’

  22-02-2024 14:27 via rocketnews.com
  United Airlines Holdings Inc.’s stock rose in premarket trading on Thursday after the carrier said it plans to resume non-stop flights from Newark to Tel Aviv next month, after flights were halted since October. United UAL, +1.36%said it reached the decision after conducting a “detailed safety analysis,” which included security experts, as well as public officials in Israel and the U.S.The carrier said it plans to resume daily nonstop service from Newark to Tel Aviv s
  
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• ‘Do we need another too-big-to-fail bank?’ Capital One–Discover merger’s fate could depend on 2024 presidential election.

  22-02-2024 14:23 via rocketnews.com
  Capital One Financial Corp. is aiming to become the largest credit-card issuer in the U.S. through a takeover of Discover Financial Services, in a combination that would test the Biden administration’s commitment to reining in the excesses of the financial-services industry, and economic concentration more broadly.Many analysts are predicting that regulators will bless the move because of the pro-competitive implications of Capital One COF, -1.73%,one of the largest credit-card banks, buyi
  
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• After 34 years, Japan’s Nikkei 225 completes a roundtrip

  22-02-2024 14:13 via rocketnews.com
  The Nikkei 225 — an oddly constructed index covering the top 225 Japanese companies — is back at levels not reached since 1989. The Nikkei 225 JP:NIKrallied 2.2% Thursday to finish at 39,098.68, taking out the Dec. 1989 peak of 38,916 in the process.“Although the most recent push to these levels has been rapid, we do not view this as a mountaineering ascent to a peak where the next phase is how to manage the descent,” said Morgan Stanley strategists led by Jonathan Garner
  
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• These mutual fund and ETF investing tips can get you in step with the market

  22-02-2024 14:11 via rocketnews.com
  Don’t miss these top mutual fund and ETF investing features:Sign up here to get MarketWatch’s highlights of the most timely ETF news emailed to you weekly!INVESTING NEWS & TRENDSHas it become easier to beat index funds? The growth of indexing may lead to some stocks being overvalued while others may be undervalued Read More How to make sure you pay a fair price for the financial advice you need An adviser’s fee structure is revealing in itself. Read MoreS&P 500 cha
  
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• Nestle’s sales fall as customers balk at higher prices

  22-02-2024 11:57 via rocketnews.com
  Nestle shares fell on Thursday after the world’s largest food seller reported a sharper-than-expected drop in its full-year sales, caused by cost conscious customers balking at higher prices.   The Swiss company reported a 0.3% drop in its closely-watched real internal growth (RIG) metric – which measures the volumes of products it sells – following its decision to push ahead with price hikes that drove customers away from its products. “Unprecedented infla
  
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• Pound is rising from ashes. Forecast as of 22.02.2024

  22-02-2024 11:15 via litefinance.org
  
  News of the decline in the UK economy weakened the GBPUSD bulls. However, new data points to a GDP recovery, which is good for the pound. Let us discuss the Forex outlook and make up a trading plan.Weekly Pound fundamental forecastBank of England officials are ready to follow the Fed along the path of monetary expansion, but unlike their American colleagues, they trust market rates about the timing and extent of monetary easing. Of course, if the incoming data confirms that they are right.
  
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• (ZM) Zoom Stock Forecast for 2024, 2025-2026, and Beyond

  22-02-2024 11:10 via litefinance.org
  
  Exploring the trajectory of Zoom Video Communications (ZM) stock, a key question arises: Are its prices expected to rise or fall in the coming years? Our analysis brings together diverse forecasts and market opinions. On the one hand, some analysts predict a robust growth trajectory fueled by Zoom's innovative expansions. Thus, caution is advised by those pointing to recent performance and modest revenue growth. This article aims to provide a balanced and insightful forecast for Zoom's stoc
  
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• European stocks hit new record for first time in two years as Nvidia sparks semiconductor rally

  22-02-2024 11:07 via rocketnews.com
  European stocks were on course for a new record high for the first time in more than two years as the semiconductor sector got a fresh leg up from Nvidia’s sparkling results. The STOXX Europe 600 index XX:SXXP,which represents a continent-wide list of the bigger stocks, at one point in morning trade Thursday was up 1% to 495.81, in line to surpass the previous record close of 494.35 hit on January 5, 2022.News overnight that U.S. AI-chipmaker Nvidia NVDA, -2.85%had blown past lofty earning
  
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• Tesla and Mercedes-Benz earned almost exactly the same last year. Their stock-market valuations are slightly different.

  22-02-2024 11:06 via rocketnews.com
  The numbers are in, and the earnings last year from Tesla and Mercedes-Benz are almost identical. The German automaker said it earned €14.26 billion ($15.47 billion) in 2023, a decline of 1.7% from last year. Tesla, meanwhile, earned $15 billion, a 19% improvement.What’s different of course is valuation. Heading into Thursday, Mercedes MBG, +4.83%was valued at €71 billion, or about $78 billion. Tesla TSLA, +0.52%,meanwhile, is valued at $617 billion, even with a 22% stock price d
  
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• How parents and grandparents can manage the expense of multiple college tuitions

  22-02-2024 11:02 via rocketnews.com
  This article is reprinted by permission from NextAvenue.org. Jared Young has been thinking about paying his children’s college tuitions their whole lives. Longer than that, in fact. “Before they were born, we were thinking about it,” says Young, 52, of Castalia, Ohio.With two children in college now and two children in high school, he and his wife Jody have their hands full in finding enough money for multiple college tuitions. The good news is they started saving when the
  
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• Should you buy a used hybrid car? Here are some of the pros and cons.

  22-02-2024 11:01 via rocketnews.com
  Quick facts about buying a used hybrid car A hybrid battery can last up to 200,000 miles. Used hybrid cars cost more than used gas-powered cars. Carmakers offer a wide variety of used hybrid vehicles.As with any used car, there are sound reasons for buying a used hybrid car, like, for example, freeing yourself from the burden of those first couple of years of heavy depreciation that comes with every new car. On average, a new car will lose 25% to 30% of its value during
  
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• The 2024 Jeep Gladiator: This distinctive, versatile truck will take you farther into the wild than any of its rivals

  22-02-2024 10:59 via rocketnews.com
  Pros Formidable off-road ability Versatile body Useful as a truck Cons No hybrid version Less enjoyable on tarmac What’s new? Styling and feature updates Diesel engine discontinued Mojave X and Rubicon XThe 2024 Jeep Gladiator is a midsize truck with remarkable off-road talents, even in its base model. Pricing starts at $37,895.There’s nothing else quite like a Jeep Gladiator. Most midsize trucks have some off-road ability in their pricier offerings, but the Jeep pedigree is the sign
  
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• USD CAD Forecast for 2024, 2025-2026 and Beyond

  22-02-2024 09:22 via litefinance.org
  
  The USD to CAD exchange rate fluctuates constantly, leaving investors to wonder whether prices will rise or fall in the coming years. Forecasting the dollar-to-Canadian dollar rate is complex, with factors like interest rates, economic growth, commodity prices, and political events all impacting. By examining historical trends, relative economic performance, and monetary policy differences between the US and Canada, our forecast aims to help investors and traders make informed judgments.To build
  
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• (MRNA) Moderna stock forecast for 2024, 2025-2026 and Beyond

  22-02-2024 09:15 via litefinance.org
  
  When considering the future of Moderna's stock prices, various forecasts suggest a potential trend, offering insights into its trajectory through the years 2024, 2025, and beyond. These predictions, derived from an analysis of market trends and financial indicators, provide a glimpse into what investors might expect from Moderna in the near future.Are Moderna stock prices expected to go up or down? The general sentiment leans towards a positive outlook without attributing to specific experts, in
  
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• What’s behind the 34-year roundtrip for the Nikkei 225

  22-02-2024 09:07 via rocketnews.com
  The Nikkei 225 — an oddly constructed index covering the top 225 Japanese companies — is back at levels not reached since 1989. The Nikkei 225 JP:NIKrallied 2.2% Thursday to finish at 39,098.68, taking out the Dec. 1989 peak of 38,916 in the process.“Although the most recent push to these levels has been rapid, we do not view this as a mountaineering ascent to a peak where the next phase is how to manage the descent,” said Morgan Stanley strategists led by Jonathan Garner
  
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• Short-term analysis for oil, gold, and EURUSD for 22.02.2024

  22-02-2024 08:35 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.On Thursday morning, the euro is trying to break out resistance (B).Oil price forecast for today: USCrude analysisThe oil price is trading in correction. The short-term uptrend remains upward. If the correction continues today, expect a test of supp
  
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• Tesla Share Price Prediction: 2024 and Beyond

  22-02-2024 07:45 via litefinance.org
  
  In the unfolding narrative of 2024, Tesla Inc. (NASDAQ: TSLA) continues to ride the waves of market dynamics, showcasing resilience, innovation, and the inherent challenges of maintaining a pioneering stance in the ever-evolving electric vehicle (EV) sector. As the calendar pages turned to August 2nd, the tale of Tesla shares reflected a stellar elevation of 107%, painting a hopeful picture after a tumultuous 2022, where Tesla stock faced a downswing of over 50%. The embers of optimism for
  
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• Euro found the right way. Forecast as of 22.02.2024

  22-02-2024 07:43 via litefinance.org
  
  Just as Jerome Powell failed to scare the market in December, the January FOMC meeting minutes didn't discourage the euro bulls. There was nothing new there, and the EURUSD rally continued. Let us discuss the Forex outlook and make up a trading plan.Weekly Euro fundamental forecast Investors were waiting for rhetoric from the Fed that would cause it to shift expectations for the first cut in the federal funds rate to a later date. The central bank aimed at this at the end of January. But no
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 22.02.2024

  22-02-2024 07:05 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the final wave (5) unfolding inside. Impulse wave 3 of (5) must have completed, and the price is declining in correction 4. When correction 4 finishes, the market will resume rising in sub-wave
  
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• Many Americans’ credit-card debt now towers over their savings. Here’s how to build an emergency fund while paying off debt.

  22-02-2024 06:01 via rocketnews.com
  Tim Whistler’s credit-card debt gradually grew to about $8,000. The cost of everyday products rose, his monthly rent jumped from $1,000 to $1,400 over four years, and then last year, his son was born, adding entirely new categories of expenses. Like a growing number of Americans, his credit-card debt now exceeds what he has in savings.  “Emotionally, my stress level from seeing my credit score go down, my bills go up, and a mountain of debt has certainly affected me,” said
  
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• Japan’s Nikkei stock index briefly tops record high

  22-02-2024 02:42 via rocketnews.com
  Japan’s benchmark index continues to scale new peaks, rising briefly above the record closing high level reached at the height of the Japanese asset bubble in 1989. The Nikkei Stock Average JP:NIKwas 1.7% higher at 38,924.88 for a brief moment on Thursday morning, topping the record closing high of 38,915.87 set on Dec. 29, 1989. The index was recently up 1.6% at 38,868.56, compared with the intraday record high of 38,957.44, also reached on the same day in 1989.The benchmark index had cli
  
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• Nvidia’s sheer dominance can be summed up by this one underrated number

  22-02-2024 02:30 via rocketnews.com
  Following a quarter when Nvidia Corp. grew data-center revenue and earnings each by more than 400%, another number illustrates the company’s dominance even more.  Among the record-setting elements of Nvidia’s NVDA, -2.85%stunning fiscal fourth quarter was its 76% GAAP gross margin, which was up from 66% a year before. Nvidia forecasts that margin will remain around the same level for its ongoing quarter. Nvidia’s gross margins appear to be the second highest in the se
  
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• Etsy’s stock is dropping on earnings miss, slow start to fiscal year

  22-02-2024 02:19 via rocketnews.com
  Etsy Inc.’s stock fell 8% in extended trading Wednesday after the company posted a quarterly earnings miss and warned of a soft beginning to its fiscal year.The online marketplace ETSY, +1.66%reported fiscal fourth-quarter net income of $83.3 million, or 62 cents a share, compared with net income of $109.5 million in the same quarter a year ago.Revenue rose 4% to $842.3 million from $807.2 million in the year-ago quarter.Analysts surveyed by FactSet had expected on average net income of 77
  
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